Program for Investment in Microentrepreneurs Act ("PRIME")

The U. S. Small Business Administration (SBA) has issued Program Announcement No.PRIME-2011-01 to provide training and capacity building grant programs to microenterprise development organizations ("MDOs").

PRIME has several tracks for which SBA will consider granting awards under this program

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announcement.

Track 1 - Technical Assistance calls for applications from qualified organizations wishing to obtain grant funding for the purpose of providing training and technical assistance programs for disadvantaged microentrepreneurs.Track 2 - Capacity Building calls for applications from qualified organizations wishing to obtain grant funding for the purpose of providing training and capacity building services to microenterprise development organizations, programs and groups of such organizations to assist them in developing microenterprise training and services.

The Act also authorizes a third track, Track 3, for the purpose of pursuing research and development and the establishment of best practices in the field of microenterprise and technical assistance programs for disadvantaged microentrepenurs.

However, SBA will not seek Track 3 applications as part of this FY 2011 Program Announcement.

See Program Announcement for complete details.Questions about this program announcement should be directed to the Office of Financial Assistance at prime@sba.gov.

Related Programs

Prime Technical Assistance

Small Business Administration


Agency: Small Business Administration

Office: None

Estimated Funding: $8,000,000


Who's Eligible


Relevant Nonprofit Program Categories



Obtain Full Opportunity Text:
http://www.sba.gov/financialassistance/prospectivelenders/prime/index.html

Additional Information of Eligibility:
A microenterprise development organization or program (or group or Collaborative thereof) that has a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs with specific emphasis on women; A private, nonprofit entity serving or seeking to serve microenterprise development organizations; A mircroenterprise development organization or program that is accountable to a local community, working with a State or local government or Indian Tribe; or An Indian tribe acting on its own, if the Indian tribe can certify that no private organization or program referred to in paragraph in paragraphs (1) exists within its jurisdiction.



Full Opportunity Web Address:
http://www.sba.gov/financialassistance/prospectivelenders/prime/index.html

Contact:
David De LevaGrants Management Officer Phone 202-205-7051

Agency Email Description:
david.deleva@sba.gov

Agency Email:
david.deleva@sba.gov

Date Posted:
2011-06-23

Application Due Date:
2011-07-23

Archive Date:
2011-08-22


The 2014 Social Enterprise Awards, now on is 2nd year, has revealed its finalists, which include “businesses that turn household waste into wages, employ the disadvantaged through the baking of artisan breads, or transform the purchasing power of toilet paper into life-saving sanitation.”




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