MBDA Business Center

The purpose of the MBDA Business Center program is to provide strategic deal-making and business consulting services to eligible Minority Business Enterprises (MBEs).

This program supports the Agency mission of promoting the growth and global competitiveness of U.S.

businesses that are
minority-owned.

The MBC program is a key component of MBDA?s overall portfolio of minority business development services, focusing on securing large public and/or private contracts and financing transactions, stimulating job creation and retention, and facilitating entry to global markets for eligible minority-owned businesses.

Agency - Department of Commerce

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.

Office - None.

MBDA has a Headquarter Office.
Website Address

http://www.mbda.gov




Selected Recipients for this Program


RecipientAmount Start DateEnd Date
Ywca Of Oahu $ 500,000   2020-09-012022-08-31
Operation Hope, Inc. $ 450,000   2020-09-012022-08-31
Women's Business Enterprise Council South $ 500,000   2020-09-012022-08-31
Washington Area Community Investment Fund $ 500,000   2020-09-012022-08-31
Mp Services L.l.c. $ 500,000   2020-09-012022-08-31
Nevada System Of Higher Education $ 270,727   2020-09-012021-08-31
Albuquerque, City Of $ 300,000   2020-09-012021-08-31
$ 0   
$ 0   
$ 0   



Program Accomplishments

Fiscal Year 2016: Exceed Performance Goals. Fiscal Year 2017: Met Performance Goals. Fiscal Year 2018: Will meet Performance Goals.

Uses and Use Restrictions

Program funds in this category are to be used by MBDA Business Center 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 MBEs; execution of relationship management and deal sourcing initiatives; assisting MBEs in accessing global market opportunities; identification and securing of alternative sources of capital for MBEs; promotion of the advantages of achieving size and scale; educating MBEs on the benefits of strategic alternatives (i.e.

mergers, acquisitions, joint ventures and/or divestitures); and provision of service referrals to MBEs of all sizes.

The uses and use restrictions are more specifically defined in the applicable Announcement of Federal Funding Opportunity (FFO).

Eligibility Requirements

Applicant Eligibility

Applicants eligible to operate MBC projects are nonprofit organizations, for-profit firms, State and local governments, Native American Tribal entities, and educational institutions.

Beneficiary Eligibility

The Minority Business Center program serves all eligible minority business enterprises through direct services or through strategic partner referral. Eligible beneficiaries of this program are: African Americans, Hispanic Americans, Asian and Pacific Islander Americans, Native Americans (including Alaska Natives, Alaska Native Corporations and Tribal entities), Asian Indians and Hasidic Jews. See 15 C.F.R. § 1400.1-.2 and Executive Order 11625.

Credentials/Documentation

No Credentials or documentation are required. 2 CFR 200, Subpart E - Cost Principles applies to this program.

Aplication and Award Process

Preapplication Coordination

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.

12372.

Application Procedures

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.

Award Procedures

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.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Authorization

Executive Order 11625, 15 U.S.C 1512.

Range of Approval/Disapproval Time

From 120 to 180 days. Unsuccessful applicants shall be notified in writing within ten days of notification to the successful applicant.

Appeals

All decisions are final. There are no administrative appeals; however, unsuccessful applicants may request a debriefing from MBDA.

Renewals

From 60 to 90 days. MBC 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 MBC?s performance level, and Agency priorities.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula. Matching Requirements: Cost share requirements are outlined in the applicable 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: Awards are awarded annually.

Post Assistance Requirements

Reports

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.

Financial.

Performance monitoring will be conducted by MBDA throughout the duration of the award.

Audits

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.

Records

(i) Financial reports are to be submitted to the Department of Commerce Grants Office on a semi-annual basis. A final financial report is due within ninety (90) days after expiration of the award. (ii) Performance narrative reports are to be submitted to the Federal Program Officer within forty-five (45) days after the end of the second program quarter of each funding period. (iii) An annual or final performance report is due forty-five (45) days after the end of each funding period. (iv) Expense summary reports are to be submitted to Federal Program Officer within forty-five (45) days after the end of each quarter of each funding period. (v) Additional reporting requirements are set forth in the FFO. Failure to submit reports on time may result in MBDA award enforcement action or delay in access to federal funds.

Financial Information

Account Identification

13-0201-0-1-376.

Obigations

(Cooperative Agreements) FY 16 $8,157,505; FY 17 est $7,846,955; and FY 18 est $7,846,955

Range and Average of Financial Assistance

$225,000 to $500,000.

Regulations, Guidelines, and Literature

MBDA is in compliance with 2 CFR 200

Information Contacts

Regional or Local Office

None. MBDA has a Headquarter Office.

Headquarters Office

Nakita Chambers 1401 Constitution Avenue NW, Washington, District of Columbia 20230 Email: nchambers@mbda.gov 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 MBC award.


Chris Blackwood is the founder of Helping Neighbourhoods Implement Change, a social enterprise that offers transformational mentoring to help change the lives of at-risk youth within the Canadian society.




Social Services Jobs in Minnesota

  Substance Abuse Jobs
  Social Services Jobs
  Fundraising & Development Jobs
  Social Work Jobs
  Executive Director Jobs