Womens Business Center Initial Grant

The summary for the Womens Business Center Initial Grant grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, 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 as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Small Business Administration, which is the U.S. government agency offering this grant.

Womens Business Center Initial Grant: 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.