Program for Investment in Microentrepreneurs Act ("PRIME")

The summary for the Program for Investment in Microentrepreneurs Act ("PRIME") 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.

Program for Investment in Microentrepreneurs Act ("PRIME"): The U.S. Small Business Administration (SBA) has issued Program Announcement No.PRIME-2011-01 to provide training and capacity building grant programs to microenterprise development organizations ("MDOs"). PRIME has several tracks for which SBA will consider granting awards under this program announcement. Track 1 - Technical Assistance calls for applications from qualified organizations wishing to obtain grant funding for the purpose of providing training and technical assistance programs for disadvantaged microentrepreneurs.Track 2 - Capacity Building calls for applications from qualified organizations wishing to obtain grant funding for the purpose of providing training and capacity building services to microenterprise development organizations, programs and groups of such organizations to assist them in developing microenterprise training and services. The Act also authorizes a third track, Track 3, for the purpose of pursuing research and development and the establishment of best practices in the field of microenterprise and technical assistance programs for disadvantaged microentrepenurs. However, SBA will not seek Track 3 applications as part of this FY 2011 Program Announcement. See Program Announcement for complete details.Questions about this program announcement should be directed to the Office of Financial Assistance at [email protected].