New Markets Venture Capital Program Act of 2000

[AI summary unavailable — showing source text] New Markets Venture Capital Program Act of 2000 - Amends the Small Business Investment Act of 1958 to direct the Small Business Administration (SBA) to establish a New Markets Venture Capital Program, under which the SBA may: (1) enter into participation agreements with approved new market venture capital companies (companies) for the making of developmental venture capital investments in smaller enterprises in low income geographic areas; (2) guarantee debentures issued by companies; and (3) make operational assistance grants to such companies. Makes eligible as a participating company in the Program one which: (1) is a newly formed for-profit entity or newly formed for-profit subsidiary of an existing entity; (2) has a management team with experience in community development financing or relevant venture capital financing; and (3) has a primary objective of economic development of low or moderate income geographic areas. Outlines application requirements and SBA selection criteria, requiring the SBA to ensure that companies are chosen so that investments under the Program will be made nationwide. Outlines conditions to be met by each company before final approval, including: (1) …