U.S.Small Business Administration: Program for Investment in Microentrepreneurs

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Deadline: 29 April 2016

U.S. Small Business Administration (SBA) is inviting proposals for funding from private, nonprofit microenterprise development organizations, microenterprise development programs run by State/Local/Tribal Governments or Indian tribes for Program for Investment in Microentrepreneurs (PRIME) to provide assistance and guidance to disadvantaged microentrepreneurs and/or microenterprise development organizations.

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Purpose

  • Technical Assistance: To provide training and technical assistance programs to disadvantaged entrepreneurs including training specifically designed to:
    • Strengthen the capacity of cooperatives serving economically disadvantaged entrepreneurs and areas;
    • To support entrepreneurship among ex-offenders in the criminal justice system, especially those on parole, probation or incarcerated persons soon to be released
  • Capacity Building: To provide training and capacity building services to MDOs, microenterprise development programs, and groups of such organizations to assist them in developing microenterprise training and services, including services geared towards building MDO capacity to provide business training and technical assistance to:
    • Cooperatives serving economically disadvantaged areas;
    • To support entrepreneurship among ex-offenders in the criminal justice system, especially those on parole, probation or incarcerated individuals soon to be released.

Funding Information: SBA expects to issue up to $5,000,000 of awards and will have a one-year period of performance.

Eligibility Criteria

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  • An organization may not submit multiple proposals, or proposals under multiple Tracks. In the event SBA receives multiple proposals or proposals under multiple Tracks from a single organization, all proposals submitted by that organization will be automatically rejected without evaluation.
  • A microenterprise development organization or program (or group or Collaborative thereof), such as a non-profit Community Development Financial Institution or similar entity, that has a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs; or
  • An Intermediary which has experience in delivering technical assistance to disadvantaged entrepreneurs
  • A microenterprise development organization or program that is accountable to a local community, working in conjunction with a State or local government or Indian Tribe; or
  • An Indian tribe acting on its own, if it can certify that no private organization or program referred to above exists within its jurisdiction.

How to Apply

Interested applicants can apply via given website.

For more information, please visit Program for Investment in Microentrepreneurs.

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