; (B) results in the prototyping or creation of physical goods, interdisciplinary learning, and educational innovation; and (C) supports the development of educational opportunities for personal growth, workforce training, and early stage business ventures. (3) Minority-serving institution The term “minority-serving institution” means an institution listed in section 371(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1067q(a) ). (4) Rural community The term rural community has the meaning given the term rural area in section 520 of the Housing Act of 1949 ( 42 U.S.C. 1490 ). (5) STEM The term STEM means the subjects of science, technology, engineering, and mathematics. (6) Workforce development component The term workforce development component means— (A) an economic development board or corporation, including a State board or local workforce board; (B) an internship program; (C) a certificate program; (D) employers or an employer or industry partnership representing multiple employers; (E) a community-based organization; or (F) any other program considered acceptable by the Director of the National Science Foundation. 5. Grant program for research and capacity building of makerspaces (a) Establishment The Director of the National Science Foundation shall award grants on a competitive basis to institutions of higher education, or consortia of such institutions, to support the research and development of makerspaces to assist in the formation of a STEM-capable workforce. (b) Use of funds A grant awarded under this section may be used for— (1) research on the effectiveness of makerspaces in engaging students and the community in STEM skills and in teaching and learning, and the development, compilation, and dissemination of best practices on the use of makerspaces for STEM learning and workforce preparedness; (2) equipment to achieve the purpose under paragraph (1)