PRIME Technical Assistance

To increase the number of microenterprises and to enhance the management capability of microentrepreneurs to provide training and technical assistance at little or no cost to microentrepreneur and/or microenterprises to assist in starting, expanding and/or growing their business; to provide training

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and capacity building services to enhance existing MDOs and expand the universe of MDOs that provide microenterprise development training programs and services; and to fund research and development of best practices for training and technical assistance consistent with the PRIME Act.

Agency - Small Business Administration

The Small Business Administration maintains and strengthens the nation's economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters.

Website Address

http://www.sba.gov/inv


Relevant Nonprofit Program Categories



Top Districts Receiving Funds for CFDA 59.050

Congressional District
Obligated Money
Congressional District
Obligated Money
CA08
$ 930,100
ZZ
$ 921,963
NY00
$ 582,306
NY10
$ 518,500
MO08
$ 511,191
WV03
$ 478,910
NY15
$ 446,863
LA02
$ 417,500
CA17
$ 417,500
VA08
$ 414,794



Congressional District - '00' indicates state level funding
Congressional District - '90' indicates unknown

Fiscal Year Spending for CFDA 59.050

2006
1,700,711
2009
50,000
2010
7,093,636
2011
7,621,892
2012
3,155,464


Contracting Agencies for CFDA 59.050

SMALL BUSINESS ADMINISTRATION
$ 19,621,703

Top Recipients Receiving Funds for CFDA 59.050

Recipient
Obligated Money
Recipient
Obligated Money
EL PAJARO COMMUNITY DEVELOPMENT CORPORATION
$ 518,500
SOUTHEAST MISSOURI STATE UNIVERSITY
$ 511,191
INTERNATIONAL INSTITUTE OF BOSTON
$ 385,439
DEL MAR COLLEGE DISTRICT
$ 373,320
INSTITUTE FOR SOCIAL AND ECONOMIC DEVELOPMENT
$ 371,300
UNIVERSITY OF ALASKA ANCHORAGE
$ 348,800
SNAP FINANCIAL ACCESS
$ 328,286
CAMBA, INC
$ 319,410
EAST HARLEM BUSINESS CAPITAL CORPORATION
$ 312,863
RENAISSANCE ENTREPENEURSHIP CENTER
$ 311,100





Program Accomplishments

None.

Uses and Use Restrictions

The recipients of the services provided by the grantees are those persons/businesses who satisfy the eligibility criteria as defined in the Act.


Eligibility Requirements

Applicant Eligibility

Grant recipients shall be non-profit microenterprise development or program (or a collaborative thereof) that has a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs, an intermediary, a microenterprise development organization or program that is accountable to a local community, working in conjunction with a State or local government or Indian tribe, or an Indian tribe acting on its' own, if the tribe can certify that no private organization or program referred to in this paragraph exists within its' jurisdiction.

Beneficiary Eligibility

Disadvantaged entrepreneurs, microenterprises, and microenterprise development organizations as defined in the Act.

Credentials/Documentation

None.

Aplication and Award Process

Preapplication Coordination

Not applicable.

This program is excluded from coverage under E.O.

12372.

Application Procedures

Subject to the availability of funds, SBA will issue a Notice of Funds Availability (NOFA) soliciting responses from qualified organizations for the services to be provided under the Act.

Award Procedures

Successful offerors will be notified of a decision by letter from the Office of Financial Assistance.

Deadlines

The deadlines for applications will be stated in the NOFA.

Authorization

Riegle Community Development and Regulatory Improvement Act of 1994, 15 U.S.C. 6901 et seq., as amended; Gramm-Leach -Bliley Act, Title VIII, Public Law 106-102.

Range of Approval/Disapproval Time

Sixty to 90 days.

Appeals

None.

Renewals

The period of performance for grants awarded under the Act is for one year with four twelve month options exercised at the discretion of the government.

Assistance Considerations

Formula and Matching Requirements

Grant recipients are expected to provide a 50 percent match which may come from fees, nonfederal grants, loan sources, and in-kind resources.

Length and Time Phasing of Assistance

None.

Post Assistance Requirements

Reports

Grant recipients are required to provide performance and financial reports.

Audits

SBA reserves the right to perform pre- and post award audits. Grant recipients are required to provide audited financial statements on an annual basis.

Records

Grant recipients are required to collect and maintain data on recipients of technical assistance which shall be included in the grant recipient's performance reports.

Financial Information

Account Identification

73-0100-0-1-376.

Obigations

Grants: FY 07 $1,835,000; FY 08 $3,000,000; and FY 09 $0. Administration: FY 07 $28,000; FY 08 $28,000; and FY 09 $0.

Range and Average of Financial Assistance

Seventy-five percent of the funds appropriated shall be used for training and technical assistance of microentrepreneurs with no one organization receiving a single grant in excess of ten percent of the total funds appropriated for training and technical assistance, 15 percent of the total appropriated funds shall be directed to training and capacity building services to existing MDOs, and the remaining funds may be used for the research and development of best practices and other activities as the Administrator determines are consistent with the purposes of the Act.

Regulations, Guidelines, and Literature

The regulations are available in 13 CFR.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Office of Financial Assistance Small Administration, 409 3rd Street, S.W., Washington, DC 20416. Program Contact: George Dale, Telephone: (202) 205-6515. www.sba.gov/financing/sbaloan/microloans.html.

Criteria for Selecting Proposals

Past performance, approach, personnel, and cost.


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Edited by: Michael Saunders

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