MBDA Announces Grant Competition

    March 30, 2011 21:45 UTC

    MBDA Announces Grant Competition

    Agency seeks candidates to operate Minority Business Centers in Upper
    Midwest, Northeast and Southern California

    The U.S. Commerce Department?s Minority Business Development Agency
    (MBDA) today opened a grant competition to candidates interested in
    operating MBDA Business Centers in three U.S. regions: the Upper
    Midwest, the Northeast and Southern California. Selected candidates will
    receive funding to support business center operations and will join a
    national network of 27 other MBDA Business Centers.

    The primary objective of MBDA Business Centers is to provide strategic
    business consulting services to minority firms that will result in
    increased public and private sector contracting opportunities and
    capital investments, ultimately leading to the creation of new U.S. jobs.

    ?Minority-owned firms generate a trillion dollars in economic output and
    are responsible for employing more than 5.9 million Americans. Our goal
    is to unleash their competitive advantages so they can help America win
    the future,? said Alex Do??, associate director for business development
    at MBDA. ?The leaders of our MBDA Business Centers are key partners in
    achieving MBDA?s mission and helping minority-owned firms to grow
    through assistance with exports, mergers and acquisitions, joint
    ventures and strategic partnerships.?

    MBDA intends to award three (3) individual cooperative agreements to
    manage and run the MBDA Business Centers beginning September 1, 2011.
    The grant award covers a five-year period, and selected candidates will
    initially be funded for the first award year with subsequent funding
    periods subject to MBDA Business Center performance and funding
    availability. Awards will range from $225,000 to $355,000 annually.

    Each MBDA Business Center is strategically located in areas with
    substantial minority populations and minority-owned firms. However, MBDA
    Business Centers are not limited by geographic region and may serve
    minority businesses in all fifty states and Puerto Rico.

    Eligible Applicants:

    For-profit entities (including but not limited to sole-proprietorships,
    partnerships, limited liability companies and corporations), non-profit
    organizations, state and local government entities, American Indian
    Tribes and educational institutions are all eligible to apply to operate
    MBDA Business Centers. Entities may apply to operate more than one MBDA
    Business Center, however, an individual application for each location is

    Submission Requirements:

    Applicants must review and adhere to the program details and
    instructions for submitting an application identified in the Announcement
    of Federal Funding Opportunity
    (FFO). The FFO can be accessed at www.Grants.gov
    or www.mbda.gov.

    Applications must be submitted electronically and time-stamped at www.Grants.gov
    by 11:59 p.m. EDT on May 5, 2011. Applications time-stamped after the
    deadline will not be considered.

    Pre-application teleconference:

    MBDA will conduct a pre-application teleconference on Thursday, April 7.
    The teleconference will provide a background and summary of the MBDA
    Business Center program, and offer potential applicants an opportunity
    to ask questions about the program and the application process. The time
    and registration instructions for the teleconference will be posted on
    MBDA?s website shortly. Applicants should visit MBDA at www.mbda.gov
    for more information.

    Note: The MBDA Business Center program is not a grant program to
    start or expand an individual business. Applications must be to operate
    an MBDA Business Center and provide business consulting services to
    eligible minority-owned firms as set forth in the Announcement of
    Federal Funding Opportunity.
    Applications that do not meet these
    requirements will not be considered by MBDA.

    About the Minority Business Development Agency (MBDA)

    MBDA (mbda.gov), a bureau at the U.S. Department of Commerce, serves
    minority entrepreneurs across America who are building and growing
    enterprises. MBDA helps minority-owned firms become better equipped to
    create jobs, impact local economies and compete successfully in domestic
    and global marketplaces. With a nationwide network of business centers
    and strategic partners, MBDA assists minority entrepreneurs and business
    owners with consulting services, contract and financing opportunities,
    bonding and certification services, building business-to-business
    alliances and executive training.


    Minority Business Development Agency
    Bridget Gonzales, 202-482-6272

    Source: Minority Business Development Agency