The minority business development agency will use the coronavirus response and relief funding to serve and provide a more comprehensive relief to minority business enterprises to prevent, prepare for,…

The Minority Business Development Agency will provide $867,365 in cooperative agreement funding under the Minority Business Resource Development program (CFDA 11.802) to the California Asian Pacific Chamber of Commerce from July 2021 to June 2022. The funding will support technical assistance, training, education, and advisory services to minority business enterprises affected by COVID-19. Performance metrics include the number of minority businesses assisted, informed of COVID relief programs, submitting applications to programs, and receiving awards, with a focus on economically distressed areas. The funding aims to serve and provide comprehensive relief to minority business communities and prevent, prepare for, and respond to the effects of the COVID-19 pandemic, as directed by the Department of Commerce Minority Business Development Agency under the overall program objectives.

The minority business development agency will use the coronavirus response and relief funding to serve and provide a more comprehensive relief to minority business enterprises to prevent, prepare for, and respond to effects of covid-19. Such assistance will include technical assistance, training, education, and advisory services to minority business enterprises. The performance goals and metrics include: number of minority business enterprises affected by covid-19 that are assisted by the business center; number of minority business enterprises informed and/or referred by the business center to covid-related local, state, and federal government assistance programs; number of MBE applications submitted to local, state, and federal government assistance programs as a result of business center assistance; number of awards issued by local, state, and federal programs to minority business enterprises assisted by the business center; and number and type (small, medium, large, ) of minority business enterprises affected by covid-19, in economically distressed areas, assisted by the business center.