2023 MBDA Capital Readiness Program

 

The Minority Business Development Agencys (MBDA) Capital Readiness Program (Program) is designed to help close the entrepreneurship gap between socially and economically disadvantaged individuals (SEDI) and non-SEDI. This program funds qualified organizations that have the expertise to provide technical assistance for entrepreneurs starting or scaling their businesses who are seeking various forms of capital.

Active 11.034 Minority Business Development Agency, Department of Commerce B - Project Grants Not applicable. § 3009(e)(2) of the Small Business Jobs Act of 2010, as amended by the American Rescue Plan Act of 2021 (ARP) (codified at 12 U.S.C. § 5708(e)(2)., Title Small Business Jobs Act of 2010, Section 3009(e)(2) Not applicable. Not applicable. An application must be submitted through grants.gov during an open competition period. Information to apply will be announced through grants.gov and the agency's website. Preapplication coordination is required. Pre-Application webinars are offered prior to an open funding competition to help potential applicants understand the program and develop competitive applications. This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Each responsive application will receive an independent, merit review by a panel (Merit Review Panel) qualified to evaluate and rank the applications submitted based on selection criteria. The ranked applications will be forwarded to the Grants Officer for review for completeness and then forwarded to the Selecting Official. The Selecting Official makes the final recommendation to the Grants Officer regarding the funding of applications under the NOFO. Email of Intent Deadline: January 31, 2023, by 5:00PM Eastern Standard Time Application Deadline: Due February 28, 2023, by 11:59 PM Eastern Standard Time Please review the Notice of Funding Opportunities located on grants.gov. From 90 to 120 days. All applicants - successful and unsuccessful - will be notified of their status after the competition has been completed. Not applicable. Not applicable. See the Notice of Funding Opportunity located on Grants.gov. • Help create startups and small businesses or expand existing businesses by providing critical technical assistance strategies and services. • Help SEDI enterprises secure growth capital (equity, debt, and grants). • Cultivate a network of partners to close the entrepreneurship and wealth gaps in regions across the nation. Performance Reports: Semi-annual and annual performance reports on evaluation measures are required throughout the award period of performance. Not applicable. Not applicable. Statutory formula is not applicable to this assistance listing.

Matching is mandatory.

MOE requirements are not applicable to this assistance listing. Grants/cooperative agreements will be awarded for a four-year period. This funding will be released through a competitive application process. The Notice of Funding Opportunity (NOFO) will be released via grants.gov. None/Not specified. Tamara Marshall-Jones
1401 Constitution Avenue NW
Washington, DC 20230 US
TMarshall-jones@mbda.gov
Phone: 202482-5678 https://www.mbda.gov/ 13-0201-0-1-376 (Cooperative Agreements) FY 22$0.00; FY 23 est $117,518,167.00; FY 24 est $0.00; - MBDA expects to obligate approximately $117,518,167.00 for this program. The awards' Periods of Performance will be for four years. MBDA expects to fully obligate these awards in year one. Over four years up to $2,000,000 to $3,000,000 Not applicable. Fiscal Year 2023 Eligible applicants may offer virtual or face-to-face technical assistance programs, activities or services targeting SEDI-owned businesses, as well as non-SEDI owned businesses that address each of the three core Program Pillars: Capital Building, Access to Capital and Access to Networks.