Opportunity Title:
PRIME 2022-01
Opportunity Number:
SB-OCAPR-22-001
Description:
The purpose of this Funding Opportunity is to invite proposals for funding from private, non- profit microenterprise development organizations; microenterprise development programs run by State/Local/Tribal Governments; or Indian tribes interested in providing assistance and guidance to disadvantaged microentrepreneurs and/or microenterprise development organizations for the purposes stated in this Announcement.
The Program for Investment in Microentrepreneurs Act of 1999 (the PRIME Act) became law on November 12, 1999 with the passage of Pub. L. No. 106-102 (15 U.S.C. § 6901 note). The PRIME Act authorizes the SBA Administrator to establish a program for the purposes of: (i) providing training and technical assistance to disadvantaged entrepreneurs; (ii) providing training and capacity building assistance to microenterprise development organizations (MDOs) and programs; (iii) aiding in Research and development of best practices for microenterprise and technical assistance programs for disadvantaged entrepreneurs; and (iv) for other activities as the SBA Administrator determines. In FY 2022 SBA will give additional consideration to those applicants that provide training and technical assistance to economically disadvantaged entrepreneurs in rural areas. Rural area means a nonmetropolitan county as defined by the Secretary of Agriculture, see link, USDA ERS - County Typology Codes. Particular emphasis will be on providing services using the language required of the subject rural population.
Eligibility:
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Private institutions of higher education
Native American tribal organizations (other than Federally recognized tribal governments)
Public and State controlled institutions of higher education
Public housing authorities/Indian housing authorities
Native American tribal governments (Federally recognized)
Total Amount Available:
$7,000,000
Maximum Award:
$250,000
Minimum Award:
$75,000
Application Deadline:
May 27, 2022
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