SBA’s “Prime 2017” Program for Investment in Microentrepreneurs!

Deadline: 16 June 2017

The U.S. Small Business Administration (SBA) is seeking applications for its program entitled “Prime 2017” in order to provide training and capacity building grant programs to microenterprise development organizations (MDOs).

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 to provide funding to qualified organizations for the purposes of:

  • providing training and technical assistance to disadvantaged entrepreneurs
  • providing training and capacity building assistance to microenterprise development organizations (MDOs) and programs
  • aiding in Research and development of best practices for microenterprise and technical assistance programs for disadvantaged entrepreneurs
  • for other activities as the SBA Administrator determines.

Funding Information

Estimated Total Program Funding:

  • Award Ceiling: $250,000
  • Award Floor: $50,000

Eligibility Criteria

  • Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
  • An applicant must clearly demonstrate that it is one of the following:
    • 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
    • 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

How to Apply

Applications must be submitted online via given website.

For more information, please visit Grants.gov.

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