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 (MBDA) awarded an $867,365 cooperative agreement to So CAL Corporate Growth Partners to deliver technical assistance, training, education, and advisory services to minority business enterprises affected by COVID-19 through June 2022. The award will support the MBDA Business Center federal grant program (CFDA 11.805), which provides assistance to promote and ensure growth of minority enterprises. Key performance metrics for the award include the number of minority businesses assisted, informed of COVID-19 assistance programs, and submitting applications to such programs with Business Center support, as well as awards and types of minority businesses affected in economically distressed areas that receive assistance. The funding will allow the sub-awardee to serve and provide comprehensive relief to minority business communities in the greater Pasadena area impacted by the pandemic.

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.