Program for Investment in Microentrepreneurs (PRIME)

The summary for the Program for Investment in Microentrepreneurs (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 (PRIME): The U.S. Small Business Administration (SBA) has issued Program Announcement No. PRIME-2015-01 to provide training and capacity building grant programs to microenterprise development organizations (MDOs). SBA will evaluate applications for funding in accordance with the purposes of the Act, including an application’s ability to demonstrate mission-oriented and culturally competent projects and/or services that reflect local community demographics. Section 5.0 of the Program Announcement more fully defines the specific evaluation criteria. PRIME has two tracks for which SBA will consider granting awards under this program announcement. • Track 1 - seeks applications for funding to provide training and technical assistance programs to disadvantaged entrepreneurs including training specifically designed to implement automated financial accounting, financial reporting, and inventory management systems, etc.• Track 2 (Capacity Building) – seeks applications for funding to provide training and capacity building services to MDOs, microenterprise development programs, and groups of such organizations to assist them in developing microenterprise training and services, including services geared towards building MDO capacity to provide business training and technical assistance that will improve the ability of small businesses.

Federal Grant Title:	Program for Investment in Microentrepreneurs (PRIME)
Federal Agency Name:	Small Business Administration
Grant Categories:	Business and Commerce
Type of Opportunity:	Discretionary
Funding Opportunity Number:	PRIME-2015-01
Type of Funding:	Cooperative Agreement
CFDA Numbers:	59.050
CFDA Descriptions:	Prime Technical Assistance
Current Application Deadline:	Jun 29, 2015 The closing date is 06/29/2015 at 11
Original Application Deadline:	Jun 29, 2015 The closing date is 06/29/2015 at 11
Posted Date:	May 18, 2015
Creation Date:	May 20, 2015
Archive Date:	Jul 1, 2015
Total Program Funding:	$5,000,000
Maximum Federal Grant Award:	$250,000
Minimum Federal Grant Award:	$50,000
Expected Number of Awards:	35
Cost Sharing or Matching:	Yes

Applicants Eligible for this Grant: Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility: An applicant must clearly demonstrate that it is one of the following:• A microenterprise development organization or program (or group or Collaborative thereof) such as a non-profit Community Development Financial Institution or similar entity, that has a demonstrated record of delivering microenterprise services to disadvantaged entrepreneursor • An Intermediary (as defined in Section 8.1) which has experience in delivering technical assistance to disadvantaged entrepreneurs; or• A microenterprise development organization or program (as defined in Section 8.1) that is accountable to a local community, working in conjunction with a State or local government or Indian Tribe; or • An Indian tribe acting on its own, if it can certify that no private organization or program referred to in paragraph in paragraphs (1) exists within its jurisdiction.
Grant Announcement Contact: Jamie Davenport Chief, Community Advantage Division Email: [email protected] Financial Analyst Phone 202-205-7516
[email protected]

Small Business Administration 202-205-7140
Similar Government Grants: • PRIME 2024; • PRIME 2023-01; • PRIME 2022-01; • PRIME-2021-01; • PRIME-2020-01; • Financial Services Implementation Grant Program; • Program for Investment in Microentrpreneurs Act ("PRIME"); • Program for Investment In Microentrepreneurs Act ("PRIME")
More Grants from the Small Business Administration: • PRIME 2024; • Women Veteran Entrepreneurship Training Program (wvetp) 2024; • OWBO 2024 WBC Initial Phase for Tennessee, Connecticut, and Idaho; • SCORE-2024-01; • FY 2024 SBDC Program