Accelerate_CA_Fiscal_Agent_Questions.pdf

This document comprises questions and responses related to the Accelerate California Innovation Grant Program Fiscal Agent Request for Proposals, issued by CalOSBA (California Office of Small Business Advocates). CalOSBA seeks a third-party administrator to serve as Fiscal Agent and administer the grantmaking component of the program for the remaining program term through March 31, 2028. The Fiscal Agent will be responsible for disbursing grants of up to $100,000 to eligible small businesses throughout California. The proposal submission deadline is fixed with no extensions permitted.

Regarding payment terms, the agency indicated that payment options will depend on the capabilities of the selected awardee, with preference given to methods that ensure rapid fund distribution through secure mechanisms such as Automated Clearing House (ACH) transfers and wire transfers. The contract term extends through March 31, 2028, during which the Fiscal Agent must complete all grant disbursements to eligible California small businesses under the program parameters.