Minority Business Development Agency (MBDA) Business Center Program

Minority Business Development Agency (MBDA) Business Center Program is sponsored by Department of Commerce. Provides grants to organizations that support minority-owned businesses through technical assistance and access to capital.

Business Center Program I The Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce, will provide Federal assistance to support innovative projects seeking to promote and ensure the growth of minority enterprises. The MBDA Business Center Program provides technical assistance and business development services to minority business enterprises (MBEs).

MBDA leads Federal Government efforts to promote the growth and global competitiveness of MBEs. MBDA has established key priorities designed to overcome the unique challenges faced by MBEs. The primary drivers of a Minority Business Development Center are: (i) business development and (ii) capacity building.

Business development is fostering and securing new opportunities for MBEs that result in revenue generation by: Assisting clients to increase sales and service agreements, product requests, task orders and exports; and matching opportunities and assisting qualified/vetted MBE clients to access, compete, and secure transactions that lead to a financial benefit (e.g., sales).

Capacity building occurs when MBEs are assisted with management capacity, financial capacity, and technological capacity that results in new capabilities, higher productivity, reduced costs, increased profits, workforce improvement, business expansion, and scalability.

The MBDA Business Center will assist MBEs to: improve operational efficiencies; increase resources; build scale; manage risk and increase liability thresholds; strengthen management teams; access and secure financing, equity, and venture capital; raise online capital; - increase profits and owner equity; and implement and integrate new technology and equipment.

The MBDA Business Centers manage relationships and sources of deals by promoting the interests of MBEs; educating MBEs on the benefits of strategic growth alternatives (e.g., mergers, acquisitions, and/or joint ventures); and providing service referrals to MBEs of all sizes.

BUSINESS AND COMMERCE - BS Minority Business Enterprise BUSINESS AND COMMERCE - BK Small Business BUSINESS AND COMMERCE - BL Economic Development Title Minority Business Development Act of 2021, Part Title 15, Section Section 9521, Public Law 117-58 _These funding amounts do not reflect the award amounts that are displayed on USASpending. gov_ **This listing is NOT funded for the current fiscal year. ** Program is not funded for FY26.

F002 - Cooperative Agreement No Credentials or Documentation are required. 2 CFR 200, Subpart E - Cost Principles applies to this program. U.S. State Government (including the District of Columbia), Other Local Government Consortium, Regional Organization (Intrastate), or Other Local Government Combination, Federally Recognized Indian/Native American/Alaska Native Tribal Government, Institutions of higher education.

Eligible applicants include: For-profit entities (including but not limited to sole proprietorships, partnerships, limited liability companies, and corporations), non-profit organizations, institutions of higher education, commercial organizations, state and local government entities, Tribal governmental entities, and quasi-government entities. Beneficiary eligibility is the same as applicant eligibility.

The Minority Business Center program serves all eligible minority business enterprises through direct services or through strategic partner referral. Eligible beneficiaries of this program are: African Americans, Hispanic Americans, Asian and Pacific Islander Americans, Native Americans (including Alaska Natives, Alaska Native Corporations and Tribal entities), Asian Indians and Hasidic Jews. See 15 C.

F. R. § 1400.

1-. 2 and Executive Order 11625. Specific Restrictions Determined at NOFO Level Specific Restrictions Determined at NOFO Level Deadline determined at as part of the Notice of Funding Opportunity (NOFO) The application deadline for all MBDA Programs are listed in the Notice of Funding Opportunity Announcement.

Preapplication coordination is required. Environmental impact information is not required for this program. This program is excluded from coverage under E.

O. 12372. MBDA will conduct a pre-application teleconference on March 1, 2021.

The time of the pre-application teleconference is 2:00 – 3:00 p. m. Eastern Time Participants must register at least 24 hours in advance of the teleconference.

Please visit the MBDA Internet Portal at www. mbda. gov to register and additional information.

2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Opportunity Posted Location: Grants. gov Application Procedures Location: NOFO Applications submitted are competitively evaluated and awarded.

Selection criteria includes such factors as capability and experience of staff assigned to the project, techniques and methodology, resources, budget, and alignment with program priorities. Past performance under an MBDA, Department of Commerce or other federal award may also be considered when selecting proposals for a Business Center award. Each application will be reviewed and evaluated by a review panel.

The panel will make funding recommendations to the Agency's Selecting Official. The Selecting Official or his/her designee will make final decisions on grant awards. The Grants Officer will process and execute the notices of award.

Name checks, verification of academic credentials and pre-award audits may be required of the recipient prior to or following an award. Electronic notification of award will be generated and forwarded to the selected recipient by the Grants Officer. From 90 to 120 days.

Both successful and unsuccessful applicants will be notified in writing after the award competition has ended. | 07/01/2021 | Determined at Time of Award | Annually | - | 1 Years | MBDA expects to expend approximately $14,300,000 in fiscal year (FY) 2021 funds for the financial assistance awards under this Announcement. MBDA anticipates making 36 awards under this announcement.

The funding amount for each award in FY 2021 will range from $375,000 - $415,000. MBDA anticipates that up to $57,200,000 will be available in FY 2022 through FY 2026 to support continuation funding for this program. The funding amounts referenced in this NOFO are subject to the availability of appropriated funds.

Publication of this NOFO does not obligate the U.S. Department of Commerce or MBDA to award any specific cooperative agreement or to obligate all or any part of available funds.

| The following 2CFR policy requirements apply to this assistance listing: Subpart B, General provisions Subpart C, Pre-Federal Award Requirements and Contents of Federal Awards Subpart D, Post Federal; Award Requirements Subpart E, Cost Principles Subpart F, Audit Requirements The following 2CFR policy requirements are excluded from coverage under this assistance listing: **Financial Reports:**The financial report shall include details on the use of Federal funds and contributions of non-Federal funds (if proposed).

The financial reports are to be submitted to the Department of Commerce via Grants Online on a semi-annual and annual basis. The semi-annual and annual reports are due forty-five (45) days after the end of the initial six-month period in each funding period. The final report is due within ninety (90) days after the expiration of each funding period.

, Frequency: Semi-Annually Annually **Progress/Performance Reports :**Progress reports are to be submitted to the Department of Commerce via Grants Online on a semi-annual and annual basis. The semi-annual report is due forty-five (45) days after the end of the initial six-month period in each funding period. The final report is due within ninety (90) days after the expiration of each funding period.

The semi-annual and annual reports must include data and information to determine project progression and success. MBDA will rely on these reports, data, and information as evidence for future program design, policy recommendations, and/or statistical purposes. Note: failure to submit reports in a timely manner may result in MBDA award enforcement and/or delayed access to Federal funds.

, Frequency: Semi-Annually Annually See NOFO for Records Retention. Retention Period: 3 Years Statutory formula is not applicable to this assistance listing. Cost Sharing Requirement Type: Mandatory Description: Cost sharing is not required for Years 1 and 2 of the award (due to financial recovery from the economic impact of COVID-19).

A non-federal cost share of 33% of the Federal Funding is required for years 3 -5. MOE requirements are not applicable to this assistance listing. Domestic Assistance Program that uses Core-Based Statistical Area (CBSA): 1401 Constitution Ave C300, MBDA Business Center Program **To:**MBDA Business Center Program **From:**MBDA Business Center Program (FY21) **To:**MBDA Business Center Program (FY21) **From:**MBDA Business Center