; (B) enrolled at a minority-serving institution or a historically Black college or university; and (C) seeking to establish or develop a business. (9) Under Secretary The term Under Secretary means the Under Secretary of Commerce for Minority Business Development. 3. Grant program (a) Establishment Not later than 180 days after the date of enactment of this Act, the Administrator, in consultation with the Under Secretary, shall establish a grant program within the Small Business Administration, the purpose of which shall be to create or expand programs at minority-serving institutions and historically Black colleges and universities that foster, promote, and increase opportunities for minority business ownership. (b) Application process A minority-serving institution or a historically Black college or university seeking a grant under the Program shall submit to the Administrator an application that contains a description of— (1) the need for the grant funds to promote minority entrepreneurship and business ownership among student entrepreneurs enrolled at the minority-serving institution or the historically Black college or university; (2) how the grant funds will be used to carry out the activities described in paragraph (1); (3) how the programs created or expanded with the grant funds will provide support to student entrepreneurs enrolled at the minority-serving institution or historically Black college or university who— (A) seek support for an established business; or (B) need assistance in establishing a business; and (4) how the minority-serving institution or historically Black college or university will create or expand programs or initiatives that— (A) increase minority business ownership