The Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce, has announced a notice for funding opportunity (NOFO) for Enterprising Women of Color.
Enterprising Women of Color – As part of the Administration’s focus on empowering women, MBDA is seeking to promote minority entrepreneurs, with a focus on women entrepreneurs, to become engines of economic growth in their communities. As of 2019, 6.4 million minority-owned women businesses employed nearly 2.4 million people and generated $422.5 billion in revenue according to the American Express State of Women Owned Businesses Report (September 23, 2019).
Eligible applicants include:
> for-profit entities (including but not limited to sole proprietorships, partnerships, limited liability companies, and corporations);
> non-profit organizations, institutions of higher education, commercial organizations, state and local government entities, and
> quasi-government entities in any U.S. State or U.S. Territory.
MBDA will issue awards for a two-year term from September 1, 2020 through August 31, 2022.
Receipt of any prospective funding also is contingent upon the availability of funds from Congress and continued relevance to program objectives and will be at the sole discretion of the Department of Commerce.
Award Ceiling: $ 500,000;
Award Floor: $ 500,000.
Utilize This Offer
Projects must be located in a U.S. State or U.S. Territory, and must provide services that benefit minority-owned businesses in any U.S. state or territory. Applicants are especially encouraged to provide services to women-owned MBEs.
Applications must be submitted electronically via www.grants.gov
All proposals must be received on or before May 30, 2020 at 11:59:59 pm Eastern Daylight Time (EDT).
Applications received after this time will not be reviewed or considered for funding.
For more information, please visit https://www.grants.gov/web/grants/view-opportunity.html?oppId=325873