Womens Business Center Initial Grant

The summary for the Womens Business Center Initial Grant 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:	Womens Business Center Initial Grant
	CFDA Number:	59.043
	CFDA Description:	Women's Business Ownership 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:	OWBO-2010-01
	Document Type:	Grants Notice
	Funding Instrument Type:	Cooperative Agreement
	Posted Date:	Jun 11, 2010
	Creation Date:	Jun 11, 2010
	Original Closing Date for Applications:	Jul 09, 2010
	Current Closing Date for Applications:	Jul 09, 2010
	Archive Date:	Jul 10, 2010
	Expected Number of Awards:	1
	Estimated Total Program Funding:	Information not provided
	Federal Grant Award Ceiling:	$150,000
	Federal Grant Award Floor:	$0
	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: Only private nonprofit organizations certified under § 501(c) of the Internal Revenue Code of 1986 that have been providing technical services to women entrepreneurs and that meet the program criteria as provided in the Eligibility section of Program Announcement OWBO-2010-01 may apply for this award.
Grant Description: The U.S. Small Business Administration (SBA) has issued Program Announcement No. OWBO-2010-01 to invite non-profit organizations located within the State of New Jersey to start a new, community-based Women's Business Center to provide technical assistance within the State of New Jersey to women entrepreneurs, both nascent and established. A representative number of clients served by each WBC must be socially and economically disadvantaged. WBC grant recipients must provide assistance to women entrepreneurs in the areas of finance, management, marketing, and other areas as defined in this Program Announcement. The successful applicant will receive the base year award in the form of a cooperative agreement. Four additional option years may be exercised, subject to the availability of funding and the WBC's performance during the previous year. An SBA women's business center is a project funded, in part, by a grant from the SBA to provide technical assistance, such as training and counseling to women entrepreneurs, both nascent and established. The WBC may exist within the framework of a larger economic development organization and may make use of the resources provided by that organization, and must be a clearly identifiable separate program or project of that entity. The recipient organization is required to match awarded funds on a 1:2 ratio for the first two years of the grant and a 1:1 ratio for the next three years. Program authority is detailed in the Small Business Act §§ 2(h) and 29 (15 U.S.C. §§ 631(h) and 656), as amended.
Link to Full Grant Announcement: http://www.sba.gov/aboutsba/sbaprograms/onlinewbc/
Grant Announcement Contact: Office of Women's Business Ownership OWBO@sba.gov Program Office E-mail Address

Program Office E-mail Address [OWBO@sba.gov]
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