The Department of Commerce fosters and promotes the nation's economic development and technological advancement through vigilance in international trade policy, domestic business policy and growth, and promoting economic progress at all levels.
|Recipient||Amount||Start Date||End Date|
|New Mexico State University||$ 130,585||   ||2019-09-01||2021-08-31|
|Arizona Hispanic Chamber Of Commerce, Inc.||$ 332,166||   ||2019-09-01||2021-08-31|
|Asian, Inc.||$ 300,000||   ||2019-09-01||2021-08-31|
|Rural Enterprises Of Oklahoma, Inc.||$ 300,000||   ||2019-09-01||2021-08-31|
|Oregon Native American Business And Entrepeneurial||$ 298,740||   ||2019-09-01||2021-08-31|
|Native American Development Corp||$ 286,725||   ||2019-09-01||2021-08-31|
|Southwest Business Development Consultants Llc||$ 275,000||   ||2019-09-01||2021-08-31|
|Sault Sainte Marie Tribe Of Chippewa Indians||$ 246,371||   ||2019-09-01||2021-08-31|
|Rural Community Assistance Corporation||$ 237,435||   ||2019-09-01||2021-08-31|
|Taala Fund||$ 200,000||   ||2019-09-01||2021-08-31|
Uses and Use Restrictions
Program funds in this category are to be used by program operators to provide services including, but not limited to, development of a pool of contracting and financing opportunities; direct matching of opportunities with qualified/vetted AIAN firms and MBEs; execution of relationship management and deal sourcing initiatives by industry; assisting AIAN firms and MBEs in accessing global market opportunities; identification and securing of alternative sources of capital for AIAN firms and MBEs; promotion of the advantages of achieving size and scale; educating AIAN firms and MBEs on the benefits of strategic alternatives (i.e.
mergers, acquisitions, joint ventures and/or divestitures); and provision of service referrals to AIAN firms and MBEs of all sizes.
The uses and use restrictions are more specifically defined in the applicable Federal Funding Opportunity announcement.
Applicants eligibile to operate an MBDA Business Center are nonprofit organizations, for-profit firms, State and local governments, Native American Tribal entities, and educational institutions.
The MBDA Business Center program serves all eligible minority business enterprises through direct services or through strategic partner referral. Eligible beneficiaries of this program are: Native Americans and Alaska Natives (including Alaska Natives, Alaska Native Corporations and Tribal entities), African Americans, Hispanic Americans, Asian and Pacific Islander Americans, Asian Indians and Hasidic Jews. See 15 C.F.R. § 1400.1-.2 and Executive Order 11625.
Applicants must submit proof of legal entity, for example, State-issued Certificate of Good Standing, copy of registered Articles of Incorporation, by-laws, IRS 501 (c)(3) tax-exempt letter, authorizing legislation or other evidence of applicant entity legal status. 2 CFR 200, Subpart E - Cost Principles applies to this program.
Aplication and Award Process
Preapplication conferences will be scheduled for most MBDA program competitions.
Environmental impact information is not required for this program.
This program is excluded from coverage under E.O.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. All applications must be submitted electronically via Grants.Gov. Applicants must submit a program narrative, detailed budget and budget narrative and applicable standard forms (SF) and Department of Commerce (CD) forms. Application packages will be made available on Grants.gov.
Each application will be reviewed and evaluated by MBDA. The Agency will make funding recommendations to the Grants Officer. The Grants Officer will review the recommendations, process the funding requests and execute the notices of award. Name checks, verification of academic credentials and pre-award audits may be required of the recipient prior to or following an award. Electronic notification of award will be generated and forwarded to the selected recipient by the Grants Officer.
Contact the headquarters or regional office, as appropriate, for application deadlines.
Executive Order 11625, 15 U.S.C 1512.
Range of Approval/Disapproval Time
From 120 to 180 days. Unsuccessful applicants will be notified in writing within ten days of notification to the successful applicant.
All decisions are final. There are no administrative appeals; however, unsuccessful applicants may request a debriefing from MBDA.
From 60 to 90 days. MBDA Business Center awards are typically made for a period of five years, with funding renewed on an annual basis at the discretion of MBDA and the Department of Commerce based upon the availability of funds, the recipient?s performance level, and Agency priorities.
Formula and Matching Requirements
This program has no statutory formula. Matching Requirements: Cost share requirements are outlined in the applicable Federal Register Notice and the Announcement of Federal Funding Opportunity. MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Awards are generally made for a five-year period, but may be made for a shorter period at the discretion of MBDA. See the following for information on how assistance is awarded/released: Renewals are awarded annually and draw-downs are expenses at the applicant's request from ASAP.
Post Assistance Requirements
Program compliance reports are required.
Financial (semi-annual and annual) reports are required.
Performance progress reports (semi-annual and annual/final) are required for each program year.
Expenditure reports are not applicable.
Performance monitoring will be conducted by MBDA throughout the duration of the award.
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. Audits shall be performed in accordance with audit requirements contained in the Uniform Administrative Requirements, Cost Principles and Audit Requirements found in 2 CFR part 200, Subsection F. Recipients expending $750,000 or more in federal funds during the recipient?s fiscal year must conduct a single audit in accordance with guidelines outlined in 2 CFR §§200.500-.520. For-profit organizations not covered by the audit requirements in 2 CFR §§200.500-.520 are subject to the audit requirements set forth in the terms and conditions of the award. Recipients that expend less than $750,000 during the recipient?s fiscal year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of the Federal agency, pass-through entity, and Government Accountability Office (GAO). Applicants are also reminded that other audits may be conducted by the Department of Commerce 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, unless a longer retention period is required under 15 CFR Section 14.53 or 15 CFR Section 24.42 (depending on the type of recipient).
(Cooperative Agreements) FY 16 $1,320,000; FY 17 est $1,320,000; and FY 18 est $1,320,000
Range and Average of Financial Assistance
$255,000 to $300,000.
Regulations, Guidelines, and Literature
Regional or Local Office
Nakita Chambers 1401 Constitution Avenue NW, Washington, District of Columbia 20230 Email: email@example.com Phone: 2024820065
Criteria for Selecting Proposals
Applications submitted are competitively evaluated and awarded. Selection criteria includes such factors as capability and experience of staff assigned to the project, techniques and methodology, resources, costs, and alignment with program priorities. Past performance under an MBDA, Department of Commerce or other federal award may also be considered when selecting proposals for an MBDA Business Center award.
Millennials often get flak for being picky,Ā narcissistic and fickle, especially when it comes to doing business. While unemployment struggles often reach more people in younger generations,Ā these seven millennial entrepreneurs featured in the Huffington PostĀ are too busy creating positive social impact, changing other peopleās lives and theirs.
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