Minority Business Resource Development
The resource development activity provides for the indirect business assistance programs conducted by MBDA. These programs encourage minority business development by utilizing entities that identify and develop private markets and capital sources; expand business information and business services through trade associations; promote and support the mobilization of resources of Federal agencies and State and local governments at the local level; and assist minorities in entering new and growing markets.
General information about this opportunity
Last Known Status
MINORITY BUSINESS DEVELOPMENT AGENCY, DEPARTMENT OF COMMERCE
Type(s) of Assistance Offered
Project Grants (Cooperative Agreements).
In fiscal year 2001, the planning for the Institute was completed; the Institute will be implemented in fiscal year 2002. MBDA and the minority business community will benefit from up-to-date collection and analysis of the financing needs of the MBE community.
Executive Order 11625, October 13, 1971; Department of Commerce and Related Agencies Appropriations Act, Public Law 105-277.
Who is eligible to apply/benefit from this assistance?
Applicants eligible to provide services under this program are established businesses, professional organizations, individuals, trade associations and chambers of commerce.
Beneficiaries of this program are minority business persons/firms.
Costs will be determined in accordance with OMB Circular No. A-87 for awards to State, local and Federally Recognized Indian Tribal Governments; OMB Circular No. A-122 for other recipients.
What is the process for applying and being award this assistance?
A preapplication conference may be scheduled for resource development projects. Conferences will be announced in the Federal Register. This program is excluded from coverage under E.O. 12372.
The standard application forms as furnished by the Department of Commerce must be used for this program. Recipients are subject to the administrative requirements contained in 15 CFR Part 14.
The Federal Register notice will advise the applicant where to submit the application. Each application will be reviewed and evaluated by MBDA. Name checks, verification of academic credentials and pre-award audits may be required from applicants.
Deadlines for formal competitive awards are outlined in the Federal Register.
Approval/Disapproval Decision Time
From 4 to 6 months. Unsuccessful applicants shall be notified in writing within 10 calendar days of notification to the successful applicant.
All decisions are final. There are no administrative appeals.
Business development awards may be renewed after the successful completion of the initial competitive project award, at the discretion of the agency for two additional years without undergoing formal competition for participating in this program, subject to the availability of funds and the satisfactory performance of the recipient.
How are proposals selected?
Competitive awards for resource development program are made based on a panel evaluation of the applications. This evaluation includes such factors as capability and experience of staff assigned to the project; techniques and methodology resources and costs.
How may assistance be used?
Any funds awarded will be used in support of the MBDA policy statement on funding business development programs. MBDA is harged under Executive Order 11625 with fostering new minority business enterprises and maintaining and strengthening existing firms to increase their opportunities to participate and receive the benefits of our economic system. MBDA uses a portion of its program funds to award contracts, grants, and cooperative agreements to public and private sector entities which have the greatest potential for developing access to capital, market, and other opportunities on behalf of minority business. The performance of each funded recipient is evaluated on a scheduled basis. Renewals are based on Agency priorities and performance of recipients.
What are the requirements after being awarded this opportunity?
Financial (quarterly and annually), narrative (quarterly and annually); statistical reports are required.
In accordance with the provisions of OMB Circular No. A- 133 (Revised, June 24, 1997), "Audits of States, Local Governments, and Non-Profit Organizations," non federal entities that expend financial assistance of $300,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $300,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133.
Documents, papers and financial records of grantees or subrecipients relating to the award are required to remain available to the Federal Government for 3 years from the date of submission of the final financial status report.
Other Assistance Considerations
Formula and Matching Requirements
Projects may be required to provide the minimum 15 percent of cost-sharing in the form of in-kind contributions and cash.
Length and Time Phasing of Assistance
For 1 to 3 years depending on the requirements of the projects.
Who do I contact about this opportunity?
Regional or Local Office
Contact the nearest Minority Business Development Agency Regional Office listed in Appendix IV of the Catalog.
Barbara Curry, Room 5071, Minority Business Development Agency, Department of Commerce, 14th and Constitution Avenue, NW., Washington, DC 20230. Telephone: (202) 482-1940. Use the same number for FTS.
(Cooperative Agreements/Contracts) FY 02 $0; FY 03 est $0; and FY 04 est $0.
Range and Average of Financial Assistance
Regulations, Guidelines and Literature
There are no applicable regulations in the Code of Federal Regulations (CFR).
Examples of Funded Projects