Prime Technical Assistance

 

To increase the number of microenterprises and to enhance the management capability of microentrepreneurs in starting, expanding and/or growing their business; to provide training and capacity building services to enhance existing Microenterprise Development Organizations (MDOs) and expand the universe of MDOs that provide microenterprise development training programs and services; and to fund research and development of best practices for training and technical assistance consistent with the PRIME Act.

Active 59.050 Small Business Administration B - Project Grants Fiscal Year 2016 No current data available https://www.sba.gov/sites/default/files/files/2016_PRIME_Awardee_Profiles.pdf
Fiscal Year 2017 No current data available
Fiscal Year 2022 In FY 2022, nearly 15,500 small businesses received technical training or capacity building services from PRIME grant awardees. For more information about SBA accomplishments, access the SBA Congressional Budget Justification and Annual Performance Report: https://www.sba.gov/document/report-congressional-budget-justification-annual-performance-report Riegle Community Development and Regulatory Improvement Act of 1994, Public Law 106-102 (15 U.S.C. 6901 et seq.) Law 106-102 (15 USC 6901 et seq), Public Law 106-102 Grant recipients shall be non-profit microenterprise development organizations or programs (or a collaborative thereof) that have a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs, an intermediary, 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, or an Indian tribe acting on its' own, if the tribe can certify that no private organization or program referred to in this paragraph exists within its' jurisdiction. Disadvantaged entrepreneurs, microenterprises, and microenterprise development organizations as defined in the Act. Not applicable. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Subject to the availability of funds, SBA will issue a Notice of Funds Availability (NOFA) soliciting responses from qualified organizations for the services to be provided under the Act. Successful offerors will be notified of a decision by letter from the Office of Financial Assistance, Microenterprise Development Division. Contact the headquarters or regional location, as appropriate for application deadlines 60 to 90 days. Additional information available at SBA's website at www.sba.gov. The period of performance for grants awarded under the Act is for one year with four twelve month options exercised at the discretion of the government. Past performance, approach, personnel, and cost. The recipients of the services provided by the grantees are those persons/businesses who satisfy the eligibility criteria as defined in the Act. Performance Reports: Information available at www.sba.gov. SBA reserves the right to perform pre- and post award audits. Grant recipients are required to provide audited financial statements on an annual basis. Grant recipients are required to collect and maintain data on recipients of technical assistance which shall be included in the grant recipient's performance reports. Statutory formula is not applicable to this assistance listing.

Matching is mandatory. 50%. Grant recipients must meet matching funds requirement that is 50% of the Federal award amount.

MOE requirements are not applicable to this assistance listing. See information at www.sba.gov. Information available at www.sba.gov. See Appendix IV of the Catalog of Federal Domestic Assistance under Small Business Administration. Daniel Upham, Chief of Microenterprise Development Division
409 3rd St., SW
8th Floor
Washington, DC, DC 20416 US
daniel.upham@sba.gov
Phone: 202-205-7001 http://www.sba.gov/ 73-0400-2-3-376 (Project Grants) FY 22$7,168,000.00; FY 23 est $8,000,000.00; FY 24 est $12,500,000.00; FY 21$5,220,000.00; FY 20$5,559,000.00; FY 19$4,878,000.00; - No data available The regulations are available in 13 CFR. Fiscal Year 2022 The PRIME Technical Assistance Grants Program provides training and technical assistance to underserved entrepreneurs and microenterprise development organizations and programs. It also aids in research and development of best practices for microenterprise and technical assistance programs for disadvantaged entrepreneurs. The grants require a 50 percent match of each dollar awarded. The SBA awards and manages approximately 35 PRIME grants each year.