Opportunity Information: Apply for PRIME 2010 01
Apply for PRIME 2010 01
- The Small Business Administration in the business and commerce sector is offering a public funding opportunity titled "Program for Investment In Microentrepreneurs Act (PRIME)" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 59.050 Prime Technical Assistance.
- This funding opportunity was created on Jul 14, 2010 and posted on Jun 15, 2010.
- Applicants must submit their applications by Jul 30, 2010 The closing date is July 30, 2010 at 115959 PM EST. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $3,600,000.00 to eligible and selected applicants.
- Each selected applicant is eligible to receive up to $250,000.00 in funding.
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
- A microenterprise development organization or program (or group or Collaborative thereof) that has a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs with specific emphasis on women A private, nonprofit entity serving or seeking to serve microenterprise development organizations A mircroenterprise development organization or program that is accountable to a local community, working with a State or local government or Indian Tribe or An Indian tribe acting on its own, if the Indian tribe can certify that no private organization or program referred to in paragraph in paragraphs (1) exists within its jurisdiction.
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Opportunity Summary:
The Program for Investment in Microentrepreneurs Act (PRIME) grant opportunity (Funding Opportunity Number PRIME 2010 01) is a discretionary SBA grant program focused on strengthening the organizations that serve very small, disadvantaged entrepreneurs. Through this announcement, the U.S. Small Business Administration is offering funding primarily for training and capacity-building efforts aimed at microenterprise development organizations (MDOs). In practical terms, the goal is to improve the ability of these local and regional organizations to deliver effective microenterprise services, especially services that help people start, stabilize, or grow very small businesses when they face barriers to traditional financing or business support.
The opportunity also reflects broader authorities under the PRIME Act beyond direct training. The Act allows SBA-supported work in areas such as research and the development of best practices for microenterprise development, as well as technical assistance programming for disadvantaged entrepreneurs and other related activities that SBA determines fit within the intent of the law. The announcement notes that PRIME has multiple legislative purposes, and SBA may release separate program announcements tailored to particular purposes under the Act. This specific announcement is one of those solicitations and directs applicants to review the full program announcement for requirements and details.
Funding under this opportunity was estimated at a total of $3,600,000. Individual awards were expected to fall between $50,000 (award floor) and $250,000 (award ceiling). The funding instrument is a grant, and the activity category is listed as Business and Commerce under CFDA 59.050 (PRIME Technical Assistance). A cost-sharing or matching requirement applies, meaning applicants should be prepared to contribute non-federal resources in addition to the grant funds, consistent with the terms described in the full announcement.
Eligible applicants are specialized entities connected to microenterprise development. This includes: (1) a microenterprise development organization or program, or a group/collaborative of such organizations, with a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs, with specific emphasis on women; (2) a private, nonprofit entity that serves or seeks to serve microenterprise development organizations; (3) an MDO or program that is accountable to a local community and works with a state or local government or an Indian Tribe; and (4) an Indian Tribe applying on its own, but only if the Tribe can certify that no qualifying private organization or program exists within its jurisdiction. Because the eligibility category is labeled broadly as "Others (see text)," the eligibility narrative is especially important and effectively defines who can apply.
Key dates for this announcement show it was posted June 15, 2010, with an original closing date of July 15, 2010 at 11:59:59 PM Eastern Time, later extended to July 30, 2010 at 11:59:59 PM Eastern Time. The archive date is listed as July 31, 2010, indicating the opportunity was time-limited and then closed.
For applicants or interested organizations seeking more information or needing help accessing the full announcement, SBA directed questions to its Office of Financial Assistance at prime@sba.gov. The related program page link provided is http://www.sba.gov/financialassistance/prospectivelenders/prime/index.html, which was intended to host the detailed announcement materials and any supporting guidance.
PRIME (Program for Investment in Microentrepreneurs Act) Grant Opportunity FAQs (PRIME 2010 01)
What is the PRIME grant opportunity (Funding Opportunity Number PRIME 2010 01)?
PRIME 2010 01 is a discretionary grant opportunity from the U.S. Small Business Administration (SBA) under the Program for Investment in Microentrepreneurs Act (PRIME). It is focused on strengthening organizations that support very small, disadvantaged entrepreneurs by funding training and capacity-building efforts aimed at improving microenterprise services.
What is the main goal of this PRIME announcement?
The goal is to improve the ability of local and regional microenterprise development organizations (MDOs) to deliver effective services that help people start, stabilize, or grow very small businesses, especially when those entrepreneurs face barriers to traditional financing or business support.
What types of activities does this funding primarily support?
This announcement emphasizes training and capacity-building efforts for microenterprise development organizations (MDOs). In practical terms, the funding is meant to strengthen the organizations that deliver microenterprise services so they can better serve disadvantaged entrepreneurs.
Does the PRIME Act allow activities beyond training and capacity-building?
Yes. The PRIME Act includes broader authorities beyond direct training. The announcement notes that the Act allows SBA-supported work in areas such as research, development of best practices for microenterprise development, and technical assistance programming for disadvantaged entrepreneurs, along with other related activities SBA determines align with the intent of the law.
Could SBA release other PRIME funding announcements separate from PRIME 2010 01?
Yes. The announcement explains that PRIME has multiple legislative purposes and SBA may release separate program announcements tailored to particular purposes under the Act. PRIME 2010 01 is one specific solicitation and applicants are directed to review the full program announcement for detailed requirements.
How much total funding was expected to be available under this opportunity?
The total estimated funding for this opportunity was $3,600,000.
What was the expected award size for individual grants?
Individual awards were expected to range from $50,000 (award floor) to $250,000 (award ceiling).
What type of funding instrument is used for PRIME 2010 01?
The funding instrument is a grant.
What is the program category and CFDA number listed for this opportunity?
The activity category is listed as Business and Commerce. The CFDA listing provided is 59.050, described as PRIME Technical Assistance.
Is there a cost-sharing or matching requirement?
Yes. A cost-sharing or matching requirement applies. Applicants were expected to contribute non-federal resources in addition to the grant funds, consistent with the terms described in the full program announcement.
Who is eligible to apply for PRIME 2010 01?
Eligibility is defined in the narrative (labeled broadly as "Others (see text)") and includes specialized entities connected to microenterprise development, including:
- A microenterprise development organization or program (or a group/collaborative of such organizations) with a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs, with specific emphasis on women.
- A private, nonprofit entity that serves or seeks to serve microenterprise development organizations.
- An MDO or program accountable to a local community that works with a state or local government or an Indian Tribe.
- An Indian Tribe applying on its own, but only if the Tribe can certify that no qualifying private organization or program exists within its jurisdiction.
What does it mean that eligibility is listed as "Others (see text)"?
It means the standard eligibility category label is not specific by itself, and the eligibility narrative is what effectively defines who can apply. Applicants needed to rely on the narrative eligibility criteria described in the announcement and the full program announcement.
Is there an emphasis on serving any particular group of entrepreneurs?
Yes. The eligibility description highlights a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs, with specific emphasis on women.
When was this opportunity posted?
The opportunity was posted on June 15, 2010.
What was the original application deadline?
The original closing date was July 15, 2010 at 11:59:59 PM Eastern Time.
Was the application deadline extended?
Yes. The closing date was extended to July 30, 2010 at 11:59:59 PM Eastern Time.
What does the archive date indicate?
The archive date is listed as July 31, 2010, indicating the opportunity was time-limited and then closed and archived after the deadline period.
Where could applicants find the full program announcement and supporting materials?
The related program page link provided was http://www.sba.gov/financialassistance/prospectivelenders/prime/index.html, which was intended to host the detailed announcement materials and any supporting guidance.
How could applicants ask questions or request help related to the announcement?
SBA directed questions to its Office of Financial Assistance via email at prime@sba.gov.
What is an MDO in the context of this opportunity?
In this announcement, an MDO refers to a microenterprise development organization or program that delivers microenterprise services designed to help disadvantaged entrepreneurs start, stabilize, or grow very small businesses.
Can a collaborative or group of microenterprise organizations apply?
Yes. The eligibility description includes a group or collaborative of microenterprise development organizations or programs, as long as they have a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs, with specific emphasis on women.
Can an Indian Tribe apply directly for PRIME funding under this announcement?
Yes, an Indian Tribe may apply on its own, but only if it can certify that no qualifying private organization or program exists within its jurisdiction.
Does this opportunity focus on direct funding to microentrepreneurs?
This announcement is focused on strengthening the organizations that serve microentrepreneurs, primarily through training and capacity-building. The stated aim is to improve the ability of those organizations to deliver microenterprise services that support disadvantaged entrepreneurs.
What should applicants do to understand all requirements for PRIME 2010 01?
Applicants were directed to review the full program announcement for requirements and details, including the specific cost-sharing or matching terms and any other compliance or application instructions.
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