Opportunity Information: Apply for OWBO 2010 01 1
Apply for OWBO 2010 01 1
- The Small Business Administration in the business and commerce sector is offering a public funding opportunity titled "Womens Business Center Initial Grant" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 59.043 Womens Business Ownership Assistance.
- This funding opportunity was created on Jul 9, 2010 and posted on Jul 6, 2010.
- Applicants must submit their applications by Aug 5, 2010. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $150,000.00 in funding.
- The number of recipients for this funding is limited to 3 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
- Only private nonprofit organizations certified under 501(c) of the Internal Revenue Code of 1986 that have been providing technical services to women entrepreneurs and that meet the program criteria as provided in the Eligibility section of this Program Announcement may apply for this award.
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Opportunity Summary:
The Womens Business Center Initial Grant (Funding Opportunity No. OWBO 2010 01 1) is a U.S. Small Business Administration (SBA) competitive funding opportunity intended to help launch new, community-based Womens Business Centers (WBCs). The goal is to expand access to practical business training and counseling for women entrepreneurs, including both nascent entrepreneurs who are still preparing to start a business and established owners who want to grow or stabilize their companies. The centers funded under this announcement are expected to deliver hands-on technical assistance in core small business areas such as financing, management, marketing, and other related topics laid out in the program announcement.
This competition is geographically limited. Only nonprofit organizations located in Arkansas, Idaho, Kentucky, Texas, Guam, and the U.S. Virgin Islands are invited to apply, and the proposed WBC must provide services within one of those eligible states or territories. A key program expectation is that a representative portion of the clients served by each WBC must be socially and economically disadvantaged, reflecting the SBA focus on reaching women who face barriers to capital, networks, and business support.
Awards are made as cooperative agreements rather than standard grants, which generally signals a closer working relationship with SBA during implementation and oversight. The funding is structured with a one-year base period, with the possibility of up to four additional option years. Those option years are not automatic; they depend on annual funding availability and on the WBCs performance in the prior year.
The award ceiling listed for this opportunity is $150,000, with no stated minimum award amount (award floor of $0). SBA anticipated making about three awards under this announcement. The program falls under CFDA 59.043 (Womens Business Ownership Assistance) and is categorized under Business and Commerce. The legal authority for the program is cited as sections 2(h) and 29 of the Small Business Act (15 U.S.C. 631(h) and 656), as amended.
Eligibility is limited to private nonprofit organizations certified under section 501(c) of the Internal Revenue Code. Beyond nonprofit status, applicants must already have experience providing technical services to women entrepreneurs and must meet the specific program criteria described in the announcements eligibility section. The WBC itself can be housed within a larger economic development organization and can leverage that organizations resources, but it must be clearly identifiable as a separate program or project, not an informal add-on.
Cost sharing is required and increases the applicants financial responsibility over time. Recipients must match SBA funds at a 1:2 ratio for the first two years (meaning the organization contributes two dollars for every one dollar of SBA funding), and then at a 1:1 ratio for the next three years. This matching requirement is a central feature of the program and should be treated as a core part of the financial plan for any applicant considering the full multi-year project.
Key dates for this specific posting show it was posted July 6, 2010, with an application deadline of August 5, 2010, and archived August 6, 2010. For assistance accessing the full announcement, the SBA Office of Womens Business Ownership can be contacted at OWBO@sba.gov or 202-205-6673.
Frequently Asked Questions (FAQs) - Womens Business Center Initial Grant (Funding Opportunity No. OWBO 2010 01 1)
What is the Womens Business Center (WBC) Initial Grant?
The Womens Business Center Initial Grant (Funding Opportunity No. OWBO 2010 01 1) is a competitive U.S. Small Business Administration (SBA) funding opportunity intended to help launch new, community-based Womens Business Centers (WBCs). The funded centers are expected to provide practical business training and counseling to women entrepreneurs.
What is the main purpose of this funding opportunity?
The purpose is to expand access to hands-on business training and counseling for women entrepreneurs, including women who are preparing to start a business (nascent entrepreneurs) and women who already own businesses and want to grow or stabilize them.
What types of services are WBCs expected to provide?
Centers funded under this announcement are expected to deliver hands-on technical assistance in core small business areas such as financing, management, marketing, and other related topics identified in the program announcement.
Is this opportunity open nationwide?
No. This competition is geographically limited. Only nonprofit organizations located in Arkansas, Idaho, Kentucky, Texas, Guam, and the U.S. Virgin Islands are invited to apply, and the proposed WBC must provide services within one of those eligible states or territories.
Which organizations are eligible to apply?
Eligibility is limited to private nonprofit organizations certified under section 501(c) of the Internal Revenue Code.
Does an applicant need prior experience serving women entrepreneurs?
Yes. Beyond having 501(c) nonprofit status, applicants must already have experience providing technical services to women entrepreneurs and must meet the program criteria described in the announcements eligibility section.
Can the Womens Business Center be part of a larger organization?
Yes. The WBC can be housed within a larger economic development organization and can leverage that organizations resources. However, it must be clearly identifiable as a separate program or project and not an informal add-on.
Is there an expectation about who the WBC must serve?
Yes. A key program expectation is that a representative portion of the clients served by each WBC must be socially and economically disadvantaged, reflecting SBAs focus on reaching women who face barriers to capital, networks, and business support.
What type of award is provided (grant vs. cooperative agreement)?
Awards are made as cooperative agreements rather than standard grants, which generally signals a closer working relationship with SBA during implementation and oversight.
How long is the funding period?
The funding is structured with a one-year base period, with the possibility of up to four additional option years.
Are the option years guaranteed?
No. Option years are not automatic. They depend on annual funding availability and on the WBCs performance in the prior year.
What is the maximum award amount?
The award ceiling listed for this opportunity is $150,000.
Is there a minimum award amount?
No stated minimum award amount is provided. The award floor is listed as $0.
How many awards did SBA anticipate making?
SBA anticipated making about three awards under this announcement.
Is cost sharing (matching funds) required?
Yes. Cost sharing is required and increases the recipients financial responsibility over time. This matching requirement is described as a central feature of the program.
What is the required match in years 1 and 2?
Recipients must match SBA funds at a 1:2 ratio for the first two years, meaning the organization contributes two dollars for every one dollar of SBA funding.
What is the required match in years 3 through 5?
For the next three years, recipients must match SBA funds at a 1:1 ratio.
What program category does this opportunity fall under?
The opportunity is categorized under Business and Commerce.
What is the CFDA number for this program?
The program falls under CFDA 59.043 (Womens Business Ownership Assistance).
What legal authority is cited for this program?
The legal authority is cited as sections 2(h) and 29 of the Small Business Act (15 U.S.C. 631(h) and 656), as amended.
When was this opportunity posted and when was the deadline?
Key dates for this posting show it was posted July 6, 2010, with an application deadline of August 5, 2010.
When was the opportunity archived?
The posting indicates it was archived on August 6, 2010.
Who can be contacted for help accessing the full announcement?
For assistance accessing the full announcement, the SBA Office of Womens Business Ownership can be contacted at OWBO@sba.gov or 202-205-6673.
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