Entrepreneur Development Program Act of 1996

[AI summary unavailable — showing source text] Entrepreneur Development Program Act of 1996 - Amends the Small Business Act (the Act) to establish within the Small Business Administration (SBA) an Entrepreneur Development Program to provide comprehensive and structured business development assistance to foster the entrepreneurial development of emerging small businesses owned and controlled by individuals certified as eligible by the SBA. States that a business meets eligibility requirements if its management and daily operations are controlled by one or more eligible individuals, an Indian tribe, or native Hawaiian organization. Makes eligible for such assistance individuals whose net worth is no more than $250,000, excluding the value of such individual's investment in the emerging business. Directs the SBA to develop and administer an outreach program to inform and recruit eligible businesses to apply for the Program. Outlines provisions concerning individual eligibility requirements and application deadlines. Limits the term of participation to five years from the date of certification as an eligible Program participant. Requires each business and participant to submit to the SBA a business plan for such emerging business, …