; and (5) the number of Native American business owners dropped from 12 million to 9.7 million, or 18 percent, from February 2020 to April 2020. 3. Program authority The Director of the Minority Business Development Agency of the Department of Commerce shall carry out a program under this Act to provide financial assistance, through eligible intermediaries, for providing financial and technical assistance to eligible minority-serving economic development organizations that provide services to benefit low- and moderate-income individuals who are aspiring entrepreneurs or seeking employment, or both, and to owners of businesses having annual revenues in an amount less than $500,000. 4. Financial assistance (a) Grants The Director shall select, and make grants under this Act to, multiple eligible intermediaries. (b) Use of assistance by eligible intermediaries (1) In general Except as provided in paragraphs (2) and (3), an eligible intermediary that receives a grant under this Act shall use the grant amounts to provide grants to eligible minority-serving community development organizations for use for carrying out economic development activities of such organizations, including activities described in section 5(1)(A). (2) Capacity building expenses An eligible intermediary that receives a grant under this Act may use not more than 5 percent of the grant to provide training and technical assistance activities designed primarily to build the capacity of eligible minority-serving economic development organizations. (3) Indirect expenses An eligible intermediary that receives a grant under this Act may use not more than 5 percent of the grant amounts for indirect expenses incurred in disbursing and administering such grants. 5. Definitions For purposes of this Act, the following definitions shall apply: (1) Director The term Director means the Director of the Minority Business Development Agency of the Department of Commerce. (2) Eligible intermediary (A) In general The term eligible intermediary means a nonprofit