U.S. Department of Commerce - Minority Business Development Agency (MBDA)
05/30/20 11:59 PM EDT
Grants to USA and territories nonprofit organizations, for-profits, IHEs, and local, state, and quasi-government entities to provide support services to businesses owned by women from minority groups. Applicants are advised that required registrations may take several weeks to complete. Funding is intended to promote minority entrepreneurs, with a focus on women entrepreneurs, to become engines of economic growth in their communities.
MBDA is authorized pursuant to Executive Order 11625 to provide financial assistance to public and private organizations so that they may render technical and management assistance to minority business enterprises and defray all or part of the costs of pilot or demonstration projects conducted by public or private agencies or organizations which are designed to overcome the special challenges of minority business enterprises.
MBDA seeks to fund Business Center(s) with a particular focus on supporting minority women entrepreneurs in the U.S. and its territories to build their businesses, secure contracts and capital, and increase employment opportunities. The primary drivers of the Minority Business Center – Enterprising Women of Color are: (i) capacity building, and (ii) job creation/retention resulting from facilitating contracts and financing for medium-sized minority businesses. MBDA Centers provide technical business services including (but not limited to) the development of a pool of contracts and finance opportunities; direct matching of opportunities with qualified/vetted MBEs; relationship management and deal sourcing initiatives (e.g. industry clusters); facilitating MBE growth through exports (identifying global markets and financing); identifying, matching and securing alternative sources of capital and financing; educating MBEs on the benefits of strategic growth alternatives (e.g., mergers, acquisitions and/or joint ventures); MBE advocacy; and, providing service referrals to MBEs of all sizes.
GrantWatch ID#: 189439
Award Ceiling: $500,000
Award Floor: $500,000
MBDA will issue awards for a two-year term from September 1, 2020 through August 31, 2022.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Nakita Chambers, Program Manager
MBDA Office of Business Development
U.S. Department of Commerce
1401 Constitution Ave., N.W., Room 5079
Washington, DC 20230
USA: Alabama; Alaska; Arizona; Arkansas; California; Colorado; Connecticut; Delaware; Florida; Georgia; Hawaii; Idaho; Illinois; Indiana; Iowa; Kansas; Kentucky; Louisiana; Maine; Maryland; Massachusetts; Michigan; Minnesota; Mississippi; Missouri; Montana; Nebraska; Nevada; New Hampshire; New Jersey; New Mexico; New York City; New York; North Carolina; North Dakota; Ohio; Oklahoma; Oregon; Pennsylvania; Rhode Island; South Carolina; South Dakota; Tennessee; Texas; Utah; Vermont; Virginia; Washington, DC; Washington; West Virginia; Wisconsin; Wyoming
USA Territories: American Samoa (USA) Guam (USA) Puerto Rico (USA) Virgin Islands (USA) Northern Mariana Islands (USA)
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