Synopsis for FOA No. OWBO-2017-01-2.pdf

Synopsis

Document Type: Grants Notice

Funding Opportunity Number: OWBO-2017-01-2

Opportunity Category: Discretionary

Posted Date: Dec 29, 2017

Creation Date: Dec 29, 2017

Original Closing Date for Applications: Feb 12, 2018

Current Closing Date for Applications: Feb 12, 2018

Archive Date: Feb 13, 2018

Funding Instrument Type: Cooperative Agreement

Category of Funding Activity: Business and Commerce

Category Explanation:

Expected Number of Awards: 7

Estimated Total Program Funding: $525,000

Award Ceiling: $75,000

Award Floor: $0

CFDA Number(s): 59.043 -- Women’s Business Ownership Assistance

Cost Sharing or Matching Requirement: Yes

Eligible Applicants - (Organizations only)

Others (see text field entitled "Additional Information on Eligibility" for clarification)

Additional Information on Eligibility:

Eligible applicants must be existing private non-profit organizations (host organizations) of a Women’s Business Center (WBC) that have met their performance goals for the past 2 years and is in good standing with both performance and compliances.

The WBC must be located in an area that is not being served or adequately served. The host organization must have sufficient match to meet the match requirements of any existing grants along with any new grants.

Agency Name

Small Business Administration

Description

The purpose of this funding opportunity announcement is to provide funding for up to seven existing private non-profit organizations (host organizations) of a Women’s Business Center (WBC) that have met their performance goals for the past 2 years and is in good standing with both performance and compliances to start a new, community-based WBC.

As outlined in this funding opportunity announcement, eligible applicants may apply for a five year Women's Business Center (WBC) grant. The SBA Women's Business Center is a program or project funded, in part, by a grant from the SBA to provide technical assistance to women entrepreneurs, both nascent and established in the areas of finance, management, and marketing, and other areas as defined in the announcement.

A representative number of clients served by a WBC must be socially and economically disadvantaged. The WBC may exist within the framework of a larger economic development organization and may make use of the resources provided by that organization but must be a clearly identifiable separate program or project of that entity. Successful applicants will receive an award in the form of a cooperative agreement for the base period of 6-months. Four additional option years of 12-months each may be exercised, subject to the availability of funding and the WBC's performance during the previous year. Program authority is detailed in the Small Business Act, Sections 2(h) and 29 (15 U.S.C. Sections 631(h) and 656), as amended. Non-Federal entities must provide non- Federal matching funds as follows: one non-Federal dollar for each two Federal dollars for the base period and the first Option Year, and one non-Federal dollar for each Federal dollar for years three through five. At least 50% of the non-Federal matching funds must be in the form of cash to include program income (e.g., fees generated from services). The remaining 50% may be made up of in-kind contributions.

If you have difficulty accessing the full announcement electronically, please contact:

U.S. Small Business Administration Office of Women's Business Ownership Phone: 202-205-6673