Program for Investment in Microentrpreneurs Act ("PRIME")

The summary for the Program for Investment in Microentrpreneurs 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 Microentrpreneurs Act ("PRIME"): The U.S. Small Business Administration (SBA) has issued Program Announcement No. PRIME-2009-01 to establish a microenterprise training and technical assistance program for disadvantaged microentrepreneurs and to provide training and capacity building grant programs to microenterprise development organizations ("MDOs"). Additionally, the Act authorizes research and development of best practices for microenterprise development and technical assistance programs for disadvantaged entrepreneurs and other activities as the administrator of SBA determines are consistent with the Act.PRIME has several purposes for which SBA will issue separate program announcements soliciting applications geared toward a particular legislative purpose. Program Announcements called for under the Act solicit, from eligible organizations, applications for grant funding to be used to carry out the purposes of the Act. See Program Announcement for complete details.Questions about this program announcement should be directed to the Office of Financial Assistance at [email protected] .