Minority Business Enterprise Center - El Paso

The summary for the Minority Business Enterprise Center - El Paso 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.

Minority Business Enterprise Center - El Paso: MBDA currently funds a network of 31 MBEC projects located across the United States. Each MBEC leverages project staff and professional consultants to provide a wide-range of direct business assistance services to eligible minority-owned firms. MBEC services include, but are not limited to, initial consultations and assessments, business technical assistance and access to federal and non-federal procurement and financing opportunities. Specific performance requirements and metrics are used by MBDA to evaluate each project and are a key component of the MBEC program. See Section I.C., Program Work Requirements and Section I.E., Minimum Performance Goals, of this Announcement of Federal Funding Opportunity (FFO) for applicable programmatic requirements. For-profit entities (including sole proprietorships, partnerships and corporations), non-profit organizations, state and local government entities, American Indian Tribes and educational institutions are eligible to operate MBECs. The total award period for the El Paso MBEC project funded is expected to be twenty-one (21) months (April 1, 2008 - December 31, 2009) and the total amount of the financial assistance award for this project, including the minimum 20% non-federal cost share, is anticipated to be $190,969 for the first funding period (April 1 - December 31, 2008) and $254,625 for the second funding period (January 1, 2009 - December 31, 2009). The project will initially be funded for the first funding period and the operator will not have to compete for funding for the second funding period. However, should the operator fail to achieve a "satisfactory" or better performance rating for the first funding period it may be denied funding for the second funding period. Applicants are hereby given notice that FY 2008 funds have not yet been appropriated for this program. See Section II.A., Funding Availability, Award Period and Renewals, for additional funding information.