Program for Investment in Microentrepreneurs Act ("PRIME")

The summary for the Program for Investment in Microentrepreneurs Act ("PRIME") 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:	Program for Investment in Microentrepreneurs Act ("PRIME")
	CFDA Number:	59.050
	CFDA Description:	Prime Technical Assistance
	Federal Agency Name:	Small Business Administration
	Category of Funding Activity:	Business and Commerce
	Category Explanation:	Information not provided
	Opportunity Category:	Discretionary
	Funding Opportunity Number:	PRIME-2011-01
	Document Type:	Modification to Previous Grants Notice
	Funding Instrument Type:	Grant
	Posted Date:	Jun 23, 2011
	Creation Date:	Jun 23, 2011
	Original Closing Date for Applications:	Jul 23, 2011
	Current Closing Date for Applications:	Jul 23, 2011 The closing date is July 23, 2011 at 11:59 P.M. Eastern Time
	Archive Date:	Aug 22, 2011
	Expected Number of Awards:	100
	Estimated Total Program Funding:	8,000,000
	Federal Grant Award Ceiling:	250,000
	Federal Grant Award Floor:	50,000
	Cost Sharing or Matching Requirement:	Yes

Applicants Eligible for this Grant: Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on 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.
Grant Description: 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 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.
Link to Full Grant Announcement: http://www.sba.gov/financialassistance/prospectivelenders/prime/index.html
Grant Announcement Contact: David De Leva Grants Management Officer Phone 202-205-7051

david.deleva@sba.gov [david.deleva@sba.gov]
Similar Government Grants: • Program for Investment In Microentrepreneurs Act ("PRIME"); • Program for Investment in Microentrpreneurs Act ("PRIME"); • Financial Services Implementation Grant Program