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MBDA announces over $11 million in new funding grants
Kirill Abbakumov   on Monday, June 18, 2018 at 12:00:00 am

On June 12, 2018, the Minority Business Development Agency (MBDA) within the Department of Commerce announced that it is soliciting proposals that will positively impact minority-owned businesses and the communities they serve. This will be accomplished through projects that increase access to capital to resources that increase disaster preparedness and relief.

MBDA expects to award up to $11.65 million in grants to fund and implement innovative projects across the country. It is open to 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, individuals, state and local government entities, or Indian Tribal governments.

The focal points of this funding opportunity are aligned with the Agency’s key priorities in support of minority-owned businesses. Priorities include:

  • Access to Capital
  • American Indian, Alaska Native, Native Hawaiian Entities and/or Initiatives
  • Aquaculture
  • Disaster Readiness
  • Disaster Recovery
  • Entrepreneurship Education Program for Formerly Incarcerated Persons
  • Global Minority Women Economic Empowerment Initiative
  • Historically Black Colleges & Universities Initiative
  • Inclusive Infrastructure Initiative
  • Research
  • Space Commerce
  • Sustainable Business Model
  • Technology Transfer and Commercialization
  • Virtual Business Centers

The deadline to submit completed applications for the broad agency announcement is 11:59 pm Eastern Time on July 11, 2018. Applicants are encouraged to submit applications as soon as possible to receive funding for Fiscal Year 2018. For more information and to register for a pre-application teleconference visit www.mbda.gov/page/2018-mbda-broad-agency-announcement or www.mbda.gov.