Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance
The summary for the Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance 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 Department of Commerce, which is the U.S. government agency offering this grant.
Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance: This notice requests applications from qualified organizations for projects addressing historical barriers to capital minority business enterprises (MBEs) face by leveraging non-traditional financial resources. The projects can utilize technical assistance models, pilot innovative solutions, leverage technology, advance research and data, or provide education to non-traditional lenders. MBDA seeks market solutions to the barriers of access to capital that acknowledge lack of traditional collateral/assets as an impediment for MBEs. The projects align with the Minority Business Development Agency (MBDA) strategic mission to support the growth and global competitiveness of minority business enterprises (MBEs) and the Administration's strategic priority to advance racial equity and support underserved communities through the Federal government.Pre-Application Teleconference: MBDA will conduct a series of pre-application teleconferences on May 16, 23 and 26, 2022 Eastern Time. The time of the pre-application teleconferences are 2:00pm – 3:00pm Eastern Daylight Time. Participants must register at least 24 hours in advance of the teleconference. Please visit the MBDA website at www.mbda.gov for more information.
| Federal Grant Title: | Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance |
| Federal Agency Name: | Department of Commerce (DOC) |
| Grant Categories: | Environment Natural Resources Science and Technology |
| Type of Opportunity: | Discretionary |
| Funding Opportunity Number: | MBDA-OBD-2022-2007329 |
| Type of Funding: | Grant |
| CFDA Numbers: | 11.802 |
| CFDA Descriptions: | Information not provided |
| Current Application Deadline: | June 8th, 2022 |
| Original Application Deadline: | June 8th, 2022 |
| Posted Date: | May 5th, 2022 |
| Creation Date: | May 5th, 2022 |
| Archive Date: | July 6th, 2022 |
| Total Program Funding: | $884,559 |
| Maximum Federal Grant Award: | $884,559 |
| Minimum Federal Grant Award: | $884,559 |
| Expected Number of Awards: | 1 |
| Cost Sharing or Matching: | Yes |
| Last Updated: | June 2nd, 2022 |
- Applicants Eligible for this Grant
- Others (see text field entitled "Additional Information on Eligibility" for clarification.)
- Additional Information on Eligibility
- Eligible applicants include for-profit entities (including but not limited to partnerships, limited liability companies, and corporations), non-profit organizations, institutions of higher education, or commercial organizations. Government or quasi-governmental organizations are not eligible. The successful applicant and program partners should have knowledge and experience working in the core areas listed under Program Objectives and should expect to work on behalf of MBEs. It is also anticipated that the mission of the successful project applicant will align with both the mission of MBDA and the BAA objectives. Note: Project must be located in the U.S. or any U.S. territory, including Guam, Puerto Rico, and the Virgin Islands. MBDA is not authorized to provide awards to individuals under this BAA, and applications from individuals will not be considered under this request.Note: Current Operators of a MBDA Business Center and/or Project are not eligible to apply for this Broad Agency Announcement.
- Grant Announcement Contact
- Nakita Chambers
1401 Constitution Ave., NW
Washington, DC 20230
202-482-0065
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