Womens Business Center Initial Grant

The summary for the Womens Business Center Initial Grant Federal 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 government agency that is offering this grant.
Federal Grant Title: Womens Business Center Initial Grant
Federal Agency Name: Small Business Administration
Grant Categories: Business and Commerce
Type of Opportunity: Discretionary
Funding Opportunity Number: OWBO-2010-01-1A
Type of Funding: Cooperative Agreement
CFDA Numbers: 59.043
CFDA Descriptions: Women's Business Ownership Assistance
Current Application Deadline: Aug 27, 2010
Original Application Deadline: Aug 27, 2010
Posted Date: Aug 16, 2010
Creation Date: Aug 16, 2010
Archive Date: Aug 28, 2010
Total Program Funding:
Maximum Federal Grant Award: $150,000
Minimum Federal Grant Award: $0
Expected Number of Awards: 3
Cost Sharing or Matching: Yes
Grant Description
The U.S. Small Business Administration (SBA) has reopened Program Announcement No. OWBO-2010-01-1A to invite non-profit organizations located within the following states and territories: Arkansas, Idaho, Kentucky, Texas, Guam & Virgin Island to start a new, community-based Women's Business Center to provide technical assistance (within one of the states or territories listed above) 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. Successful applicants will receive award in the form of a cooperative agreement for the base year. 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 funding, 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.
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 this Program Announcement may apply for this award.
Link to Full Grant Announcement
http://www.sba.gov/aboutsba/sbaprograms/onlinewbc/wbc_2010_grant_announcement.html
Grant Announcement Contact
Office of Women's Business Ownership (202) 205-6673

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