# Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance

Source: https://welltoldgrants.com/grants/mbda-obd-2022-2007329-fiscal-year-2022-broad-agency-announcement-access-to/  
Official notice: https://www.grants.gov/search-results-detail/340105

> Department of Commerce offered grants of up to $884,559 (at least $884,559) to the applicants described in the notice. It expected to make one award worth $884,559 in total. Applications closed on June 8, 2022.

| Field | Value |
|---|---|
| Opportunity number | MBDA-OBD-2022-2007329 |
| Agency | Department of Commerce |
| Status | Forecast |
| Deadline | June 8, 2022 |
| Award ceiling | $884,559 |
| Award floor | $884,559 |
| Expected awards | 1 |
| Total funding | $884,559 |
| Cost sharing | required |
| Assistance Listings | 11.802 |

## Who can apply

- Others (see text field entitled "Additional Information on Eligibility" for clarification)

Eligible applicants include for-profit entities (including but not limited to partnerships, limited liability companies, and corporations), non-profit organizations, institutions of higher education, or commercial organizations. Government or quasi-governmental organizations are not eligible. The successful applicant and program partners should have knowledge and experience working in the core areas listed under Program Objectives and should expect to work on behalf of MBEs. It is also anticipated that the mission of the successful project applicant will align with both the mission of MBDA and the BAA objectives. Note: Project must be located in the U.S. or any U.S. territory, including Guam, Puerto Rico, and the Virgin Islands. MBDA is not authorized to provide awards to individuals under this BAA, and applications from individuals will not be considered under this request. Note: Current Operators of a MBDA Business Center and/or Project are not eligible to apply for this Broad Agency Announcement.

## What the grant funds

This notice requests applications from qualified organizations for projects addressing historical barriers to capital minority business enterprises (MBEs) face by leveraging non-traditional financial resources. The projects can utilize technical assistance models, pilot innovative solutions, leverage technology, advance research and data, or provide education to non-traditional lenders. MBDA seeks market solutions to the barriers of access to capital that acknowledge lack of traditional collateral/assets as an impediment for MBEs. The projects align with the Minority Business Development Agency (MBDA) strategic mission to support the growth and global competitiveness of minority business enterprises (MBEs) and the Administration’s strategic priority to advance racial equity and support underserved communities through the Federal government. Pre-Application Teleconference: MBDA will conduct a series of pre-application teleconferences on May 16, 23 and 26, 2022 Eastern Time. The time of the pre-application teleconferences are 2:00pm – 3:00pm Eastern Daylight Time. Participants must register at least 24 hours in advance of the teleconference. Please visit the MBDA website at www.mbda.gov for more information.

## Questions people ask

### Is MBDA-OBD-2022-2007329 still open?

No. It closed on June 8, 2022.

### Who can apply for Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance?

Department of Commerce accepted applications from the applicants described in the notice. The notice adds further conditions, so read its eligibility section.

### What is the deadline for Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance?

Closed June 8, 2022. Applications are no longer accepted; the program's newer notices are on this page when there are any.

### How much funding is available?

Awards of up to $884,559 each. About $884,559 in total for one award.

### Who has won MBDA Specialty Center Program grants before?

The largest recipients over five fiscal years were Capital Region Minority Supplier Development Council, Inc., National Minority Supplier Development Council Inc, Labstart Innovations Inc. The program made 50 awards worth $49.3 million in that time.