Virtual Business Center

The summary for the Virtual Business Center 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.

Virtual Business Center: This notice requests applications for the development of a Minority Business Development Agency Virtual Business Center (VBC). The VBC is a new business assistance program designed to maximize the use of technology in serving Minority Business Enterprises (MBEs). The VBC will leverage partner resources to deliver robust tools and services. This program can support the use of a fee for service model. This notice also provides the public with information and guidelines on how MBDA will select proposals and administer Federal financial assistance under this Announcement. The funding instrument is a Cooperative Agreement and includes substantial Federal government programmatic involvement. Substantial involvement means that, after award, MBDA program staff will assist and guide the provision of VBC activities. This Notice of Federal Funding Opportunity (NOFO) is not to start an individual business. Applications must be submitted for the operation of the VBC that will provide business development services to eligible minority-owned firms as set forth in this Announcement. Applications that do not meet these requirements will not be considered.