This Federal Funding Opportunity (FFO) announces the anticipated availability for funding for the MBDA Business Center (MBC) program, and solicits competitive applications for operators of MBDA Business Centers in the specified locations.
The services provided will be implemented to generate increased
credit:
financing and contract opportunities and related awards to minority business enterprises (MBEs).
In addition, the services provided will assist MBEs to create and retain jobs.MBDA intends to award three (3) individual cooperative agreements pursuant to this FFO.
The total award period for each of the MBC projects is expected to be five (5) years.
Specific locations and funding amounts for the MBC projects are detailed in the table below and in Appendix A of the full text of the announcement.Funding for this program has not yet been appropriated.
MBDA anticipates a total of $855,000 in FY 2011 funds will be available to fund the financial assistance awards for the MBC projects identified in this FFO.
The Agency also anticipates that $855,000 will be available in FY 2012 through FY 2015 to support continuation funding for this project.Note:
The MBC program is not a grant program to start or to expand an individual business.
Applications must be to operate a MBC and to provide business consulting services to eligible minority-owned firms as set forth in this FFO.
Applications that do not meet these requirements will not be considered by MBDA for funding.