Initiative foundation, MN the program for investment in microentrepreneurs act of 1999 (the prime act) became law on november 12, 1999 with the passage of PUB
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ21PR0007
- Recipient
-
Initiative Foundation UEI DE5YPFF35C38
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $200,000
Award facts
- Assistance listing
- 59.050 Prime Technical Assistance
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Little Falls, MN 56345, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration Office of Capital Access awarded Initiative Foundation $200,000 under the Prime Technical Assistance federal grant program (CFDA 59.050) on September 30, 2021. The one-year project grant will support Initiative Foundation in delivering training and capacity building services to microentrepreneurs through September 29, 2022. Specifically, Initiative Foundation will provide training, technical assistance, and capacity building to disadvantaged entrepreneurs and microenterprises in Little Falls, Minnesota, to increase the number of microenterprises and enhance the management capabilities of business owners. The services aim to help microentrepreneurs start, expand, or grow small businesses. Initiative Foundation will leverage the $200k in SBA funding to deliver outreach and assistance aligned with the goals of the Prime program to strengthen the economic prospects of local disadvantaged entrepreneurs and microenterprises.
Description
L. No. 106-102 (15 U.S.C. 6901 note). The prime act authorizes the SBA administrator to establish a program for the purposes of: (i) providing training and technical assistance to disadvantaged entrepreneurs; (II) providing training and c
Quick answers
Who received award SBAHQ21PR0007?
SBAHQ21PR0007 was awarded to Initiative Foundation by Office of the Chief Operating Officer (Small Business Administration) on September 30, 2021.
How much is award SBAHQ21PR0007 worth?
$200,000 has been obligated on SBAHQ21PR0007.
Which agency awarded SBAHQ21PR0007?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21PR0007, with funding from Office of Capital Access (Small Business Administration).
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