Grants / Department of Commerce / Department of Commerce

MBDA-OBD-2022-2007329: Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance

Closed Closed June 8, 2022 Opportunity MBDA-OBD-2022-2007329 ☆ Save

This grant is closed. Who won this program's grants before is below, and similar open grants are at the end of the page. It is in our archive of Department of Commerce notices from 2022.

• Award ceiling$884,559
• Award floor$884,559
• Total funding$884,559
• Expected awards1
• Cost sharingRequired
• Funding typeGrant

Key dates

Who can apply

This opportunity was open to the applicants described in the notice.

• 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.

Is this a realistic fit?

• Past MBDA Specialty Center Program awards averaged $985,563; this notice allows up to $884,559 per award.
• Most of the program's money (50% over five years) went to nonprofits.
• The notice requires cost sharing or matching funds, so you must contribute part of the project cost.

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.

Category: Environment, Natural Resources, Science and Technology and other Research and Development.

Applying now

This notice no longer takes applications. Agencies often post the same opportunity again under a new number, so check the program's notices on Grants.gov and the similar open grants below.

The notice on Grants.gov keeps its full text and attachments, which is useful for planning a resubmission.