Minority Business Opportunity Center

The summary for the Minority Business Opportunity Center Federal Grant is detailed below. It contains information such as the Catalog of Federal Domestic Assistance (CFDA) number, who is eligible for the grant, how much grant money will be awarded, important deadlines, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed in the Grant Announcement Contact section. If these sections are incomplete, please visit the website of the government agency that is offering this grant.


	Federal Grant Title:	Minority Business Opportunity Center
	CFDA Number:	11.803
	CFDA Description:	Minority Business Opportunity Center (MBOC)
	Federal Agency Name:	Department of Commerce
	Category of Funding Activity:	Other Regional Development Community Development Business and Commerce
	Category Explanation:	Minority Business Development.
	Opportunity Category:	Discretionary
	Funding Opportunity Number:	1180312112007
	Document Type:	Grants Notice
	Funding Instrument Type:	Cooperative Agreement
	Posted Date:	Dec 11, 2007
	Creation Date:	Dec 11, 2007
	Original Closing Date for Applications:	Jan 18, 2008 All applications must be received by MBDA no later than 5:00p.m. EST.
	Current Closing Date for Applications:	Information not provided
	Archive Date:	Jan 19, 2008
	Expected Number of Awards:	8
	Estimated Total Program Funding:	$1,750,000
	Federal Grant Award Ceiling:	$375,000
	Federal Grant Award Floor:	$162,500
	Cost Sharing or Matching Requirement:	Yes

Applicants Eligible for this Grant: Public and State controlled institutions of higher education Individuals Private institutions of higher education Special district governments County governments For profit organizations other than small businesses State governments Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education Small businesses Native American tribal organizations (other than Federally recognized tribal governments) Native American tribal governments (Federally recognized) Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education City or township governments
Additional Information on Eligibility: Information not provided
Grant Description: MBDA currently funds a network of eight (8) MBOC projects located across the United States. MBDA will compete in the following geographical service areas: Alabama MBOC Chicago MBOC Florida MBOC Gary, Indiana MBOC Los Angeles, California MBOC Washington, DC MBOC Wisconsin MBOC. MBOC projects provide technical assistance and brokering services to eligible minority business enterprises (MBEs), with an emphasis on firms with $500,000 or more in annual revenues or firms with "rapid growth potential" (collectively, the "Strategic Growth Initiative" or "SGI" firms). In addition, MBOCs provide access to procurement and financing opportunities within the public and private sectors. MBOC operators and executive directors should have experience in and knowledge of the local minority business sector and demonstrated ability to access key decision makers. MBOCs are supported by a volunteer advisory committee that assists the MBOC in implementing program requirements and providing contract and financing opportunities to MBEs. Specific performance requirements and metrics are used by MBDA to evaluate each project and are a key component of the MBOC Program. The MBOC Programs primary evaluation criterion is the dollar value of contracts and financial transactions awarded to MBEs. See Section I.C., Program Work Requirements and Section I.E., Minimum Performance Goals, of this Announcement of Federal Funding Opportunity (FFO) for applicable programmatic requirements.
Link to Full Grant Announcement: http://www.mbda.gov http://www.mbda.gov
Grant Announcement Contact: Efrain Gonzalez
Chief MBDA Office of Business Development
Phone 202-482-1940 egonzalez@mbda.gov egonzalez@mbda.gov