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 Program for Investment in Microentrepreneurs Act of 1999 (the PRIME Act) became law on November 12, 1999 with the passage of Pub. L. No. 106-102 (15 U.S.C. § 6901 note). The PRIME Act authorizes the SBA Administrator to establish a program for the purposes of: (i) providing training and technical assistance to disadvantaged entrepreneurs; (ii) providing training and capacity building assistance to microenterprise development organizations (MDOs) and programs; (iii) aiding in Research and development of best practices for microenterprise and technical assistance programs for disadvantaged entrepreneurs; and (iv) for other activities as the SBA Administrator determines.
This year, SBA will concentrate resources in the use of (1) training and technical assistance to strengthen cooperatives serving economically disadvantaged entrepreneurs and areas; and (2) training and technical assistance to support entrepreneurship among ex-offenders in the criminal justice system, especially those on parole, probation or incarcerated persons soon to be released.
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-2016-02
Type of Funding: Cooperative Agreement
CFDA Numbers: 320370
CFDA Descriptions: Prime Technical Assistance
Current Application Deadline: Apr 29, 2016 The closing date is 04/29/2016 at 11
Original Application Deadline: Apr 29, 2016 The closing date is 04/29/2016 at 11
Posted Date: Mar 29, 2016
Creation Date: Mar 29, 2016
Archive Date: May 2, 2016
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
See Synopsis
Grant Announcement Contact
Jamie Davenport, Chief Community Advantage Division Phone 202-205-7516
[email protected]

Small Business Administration 202-205-7140