Deadline: 30 May 2020
The Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce, has announced a notice for funding opportunity (NOFO) for Enterprising Women of Color.
The purpose of this notice is to request applications for special projects and programs associated with the minority business development agency’s (MBDA) strategic plans and mission goals, as well as to provide the general public with information and guidelines on how MBDA will select proposals and administer discretionary federal assistance under this notice for funding opportunity.
Priorities
Enterprising Women of Color – As part of the Administration’s focus on empowering women, MBDA is seeking to promote minority entrepreneurs, with a focus on women entrepreneurs, to become engines of economic growth in their communities. As of 2019, 6.4 million minority-owned women businesses employed nearly 2.4 million people and generated $422.5 billion in revenue according to the American Express State of Women Owned Businesses Report (September 23, 2019).
Funding Information
- Award Ceiling: $ 500,000
- Award Floor: $ 500,000
- Estimated Total Program Funding: $ 3,000,000
Duration
MBDA will issue awards for a two-year term from September 1, 2020 through August 31, 2022. Receipt of any prospective funding also is contingent upon the availability of funds from Congress and continued relevance to program objectives and will be at the sole discretion of the Department of Commerce.
Location
Projects must be located in a U.S. State or U.S. Territory, and must provide services that benefit minority-owned businesses in any U.S. state or territory. Applicants are especially encouraged to provide services to women-owned MBEs.
Eligibility Criteria
Eligible applicants include: For-profit entities (including but not limited to soleproprietorships, partnerships, limited liability companies, and corporations), non-profit organizations, institutions of higher education, commercial organizations, state and local government entities, and quasi-government entities in any U.S. State or U.S. Territory.
For more information, visit https://www.grants.gov/web/grants/view-opportunity.html?oppId=325873