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  • Caroline Winter

Dept. of Commerce - Access to Capital Innovative Finance. Deadline: 6/6/22. $884K Available.

Opportunity Title:

Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance



Opportunity Number:

MBDA-OBD-2022-2007329



Description:

This notice requests applications from qualified organizations for projects addressing historical barriers to capital minority business enterprises (MBEs) face by leveraging non-traditional financial resources. The projects can utilize technical assistance models, pilot innovative solutions, leverage technology, advance research and data, or provide education to non-traditional lenders. MBDA seeks market solutions to the barriers of access to capital that acknowledge lack of traditional collateral/assets as an impediment for MBEs. The projects align with the Minority Business Development Agency (MBDA) strategic mission to support the growth and global competitiveness of minority business enterprises (MBEs) and the Administration’s strategic priority to advance racial equity and support underserved communities through the Federal government.



Eligibility:

Eligible applicants include for-profit entities (including but not limited to partnerships, limited liability companies, and corporations), non-profit organizations, institutions of higher education, or commercial organizations. Government or quasi-governmental organizations are not eligible.



Total Amount Available:

$884,559



Application Deadline:

June 6, 2022



Opportunity Link



Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.

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