Women's Business Ownership Assistance
To fund private, nonprofit organizations to assist, through training and counseling, small business concerns owned and controlled by women, and to remove, in so far as possible, the discriminatory barriers that are encountered by women in accessing capital and promoting their businesses.
General information about this opportunity
Last Known Status
Agency: Small Business Administration
Type(s) of Assistance Offered
Fiscal Year 2014: See www.sba.gov. Fiscal Year 2015: No Current Data Available Fiscal Year 2016: No Current Data Available
Small Business Act of 1953.
Who is eligible to apply/benefit from this assistance?
Private, nonprofit organizations having experience in effectively training and counseling business women. Public educational institutions and State and local governments are not eligible.
Women entrepreneurs starting their own business or expanding their existing business.
No Credentials or documentation are required. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.
What is the process for applying and being award this assistance?
Preapplication coordination is required. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Applications are accepted in accordance with and up to the date specified in the annual program announcement as posted at www.grants.gov and www.onlinewbc.gov. The applicant must complete the Application for Federal Assistance (Standard Forms 424, 424A and 424B) and submit a written proposal addressing all of the selection criteria stated in the program announcement. The applicant must submit applications/proposals electronically through www.grants.gov (free training on electronic filing is available on the site) by the application closing date.
Proposals of eligible applicants are evaluated by a review panel. Candidates for sustainability awards also undergo a site review as appropriate. The SBA/Office of Women's Business Ownership issues an award to each approved applicant.
Contact the headquarters or regional office, as appropriate, for application deadlines.
Approval/Disapproval Decision Time
Within 120 days from application deadline.
Additional information available at SBA's website at www.sba.gov.
Continued annual option awards are issued to successful award recipients through a five-year term without recompetition and also through a three-year term for the renewal recipients.
How are proposals selected?
As stated in each solicitation for proposals, but including: B. EVALUATION CRITERIA FOR WBC APPLICANT TECHNICAL PROPOSAL a. Mission Alignment and Experience (up to 10 points), b. Organizational Experience and Capacity (up to 10 points), c. Market Assessment for Services Provided (up to 15 points), d. Project Objectives and Milestone (up to 20 points), e. Plans for Marketing and Collaboration with SBA and Other Community and Small Business Organizations (up to 10 points), f. Sources and Leverage of other Funds (up to 5 points), g. Financial Management Capability and Confirmation of Match (up to 15 points), h. Program Evaluation and Economic Impact (up to 5 points), and i. Technological Capabilities (up to 10 points).
How may assistance be used?
To establish women's business centers (WBCs) for the benefit of small business concerns owned and controlled by women. The services provided by the women's business centers must include financial, management, procurement and marketing assistance to start-up or established concerns, as well as mentoring and Internet services. The program was expanded and made permanent in 2007 when the WBC Sustainability Grant Program, established in 1999, was replaced with the WBC Renewal Grant Program. Program participants that successfully complete the initial 5-year grant may apply for a 3-year renewal grant. Successful participants may renew the grant every 3 years.
What are the requirements after being awarded this opportunity?
Information available at www.sba.gov. See information at www.sba.gov. Additional information available on SBA's website at www.sba.gov. Information available at www.sba.gov. See information at www.sba.gov.
In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. Applicants must follow the requirements as listed in 2 CFR Chapter 1, Chapter II, Part 200, et al.
The awardee shall maintain and submit detailed, complete and accurate client activity records to reflect clearly the nature and variety of services provided. Financial records must be kept until three years after the completion and submission of the final report.
Other Assistance Considerations
Formula and Matching Requirements
This program has no statutory formula.
Matching Requirements: For the initial phase WBC awards, the non-Federal entities are required to match awarded funds on a 1:2 ratio for the first 2 years of the grant and a 1:1 ratio for the subsequent 3 years. For Renewal grants, the non-Federal entity(ies) are required to match awarded funds on a 1:1 ratio for each of the 3 years of the grant.
MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Initial and option year awards are issued annually, without recompetition, through the five-year grant term to compliant centers. See the following for information on how assistance is awarded/released: Additional information available at SBA's website at www.sba.gov.
Who do I contact about this opportunity?
Regional or Local Office
See Regional Agency Offices. Women's business ownership representatives in each SBA district office. See Appendix IV of the Catalog of Federal Domestic Assistance under Small Business Administration.
Bruce Purdy 409 3rd St., SW
6th Floor, Washington, District of Columbia 20416 Email: email@example.com
(Project Grants) FY 14 $13,982,000; FY 15 est $15,000,000; and FY 16 est $16,000,000
Range and Average of Financial Assistance
Additional information available on SBA's website at www.sba.gov.
Regulations, Guidelines and Literature
OMB Circulars A-110, A-122, A-21, A-133.
Examples of Funded Projects