Minority Business Resource Development

 

The objectives of the overall program are to 1) provide financial assistance awards for projects that affect or contribute to the establishment, preservation and strengthening of minority business enterprises (MBEs) as directed by congressional mandate, and 2) promote the development of novel approaches to increasing the strategic growth and global competitiveness of MBEs through the administration of pilot or demonstration projects.

Active 11.802 Minority Business Development Agency, Department of Commerce B - Project Grants Fiscal Year 2016 Exceeded Performance Goals
Fiscal Year 2017 Met Performance Goals
Fiscal Year 2018 Will meet Performance Goals
Fiscal Year 2020 Exceed Performance Goals
Fiscal Year 2021 Will meet Performance Goals
Fiscal Year 2022 Will meet Performance Goals
Fiscal Year 2023 Will meet Performance Goals 11625, October 13, 1971, 15 U.S.C. 1512 Applicants eligible to provide services under pilot or demonstration projects are nonprofit organizations, for-profit firms, State and local governments, Native American Tribal entities, and educational institutions. Applicants for congressionally mandated projects are those specifically identified in applicable legislation. Congressionally mandated award beneficiaries are members of the minority business community. Pilot or demonstration project beneficiaries are minority business enterprises. Recipients are subject to the administrative requirements contained in 15 CFR Part 14 or 15 CFR Part 24, depending on the type of recipient. Eligible costs under the award will be determined in accordance with 2 CFR part 220 (2007) (OMB Circular A-21, "Cost Principles for Educational Organizations), 2 CFR part 225 (2007) (OMB Circular A-87, "Cost Principles for State, Local and Indian Tribal Governments) and 2 CFR part 230 (2007) (OMB Circular A-122, "Cost Principles for Nonprofit Organizations). Preapplication coordination is required. MBDA will conduct pre-application conferences for all grant competitions. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Application packages will be made available on Grants.gov. Applicants must submit the required program narrative, applicable federal standard forms (SF) and Department of Commerce (DOC) forms through the grants.gov portal during open application periods. MBDA makes award recommendations to the agency's Selecting Official, based on the results of the panel evaluation. The Selecting Official (or his/her designee) makes the final decision. The agency's Grants Officer processes the award decisions, the funding request and executes the notice of award to the grant recipient. Name checks, verification of academic credentials and pre-award audits may be required of the recipient prior to award. Electronic notification of award will be generated and forwarded to the selected recipient by the Grants Officer. Contact the headquarters or regional location, as appropriate for application deadlines From 90 to 120 days. Both unsuccessful and successful applicants shall be notified in writing after the award competition has ended. All decisions are final. There are no administrative appeals, however, unsuccessful applicants may request a debriefing from MBDA. Renewals are not anticipated, but may be considered based on Agency priorities, funding availability and recipient performance. Awards are made based on a panel evaluation and merit selection review of the applications. This evaluation includes such factors as capability of applicant, prior experience of organization and staff assigned to the project, techniques and methodology, and budget. Program funds in this category are restricted to the uses stipulated by congressional mandate, or for the specific uses identified as part of a pilot or demonstration project. Performance Reports: MBDA conducts periodic performance monitoring reviews. In addition, audits may be conducted by the Department of Commerce's Office of Inspector General and by other authorized federal agencies. Documents, papers and financial records of grantees or subrecipients relating to the award are required to remain available to the Federal Government for three years from the date of submission of the final financial status report. Statutory formula is not applicable to this assistance listing.

Matching is mandatory. 30%. Congressionally mandated awards typically do not require matching funds. Pilot projects may require non-Federal cost-sharing in the form of in-kind contributions, cash and/or program fees. Cost share requirements are outlined in the applicable Federal Register notice, Notice of Funding Opportunity announcement and Grants.gov.

MOE requirements are not applicable to this assistance listing. Congressionally mandated awards are typically funded for a one-year period. Pilot or demonstration projects may be funded as single-year or multi-year awards. Monthly drawdown of funds available Contact Minority Business Development Agency Headquarters Tamara Marshall-Jones
1401 Constitution Avenue NW
Washington, DC 20230 US
TMarshall-jones@mbda.gov
Phone: 2024825678 http://www.mbda.gov 13-0201-0-1-376 (Project Grants) FY 22$5,900,000.00; FY 23 est $5,900,000.00; FY 24 est $5,900,000.00; FY 21$5,900,000.00; FY 20$6,000,000.00; FY 19$4,510,000.00; FY 18$10,101,473.00; FY 17$407,668.00; - Not applicable Not applicable. Fiscal Year 2022 https://www.mbda.gov/entrepreneurship-education-formerly-incarcerated-persons https://www.mbda.gov/access-capital-innovative-finance-projects https://www.mbda.gov/mbe-equity-multiplier-project