; 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; and (B) expand business resources to student entrepreneurs enrolled at the minority-serving institution or historically Black college or university. (c) Amount of grant A grant made to a minority-serving institution or a historically Black college or university under the Program shall be not less than $250,000. (d) Use of grant funds With a grant received under the Program, a minority-serving institution or a historically Black college or university shall support the creation or expansion of programs or initiatives that offer business development resources that support student entrepreneurs enrolled at the minority-serving institution or historically Black college or university, such as— (1) free legal, accounting, human resources, information technology, marketing, training, counseling, networking, and technical assistance; and (2) access to capital resources, such as the costs associated with forming a new business enterprise. (e) MSI submission requirement A minority-serving institution or historically Black college or university to which a grant is made under the Program shall, each year, submit to the Administrator a mid-year and year-end report, each of which shall contain, for the period covered by the report, the number of— (1) student entrepreneurs trained, assisted, and counseled with the grant funds; (2) businesses created through the expenditure of the grant funds, including, with respect to each such business— (A) the name of the business; (B) a description of the business; and (C) the amount of grant funds expended in creating the business; (3) student entrepreneurs referred to other resources of the Small Business Administration