synopsis - owbo-2015-01.pdf

Synopsis

Document Type: Grants Notice

Funding Opportunity Number: OWBO-2015-01

Opportunity Category: Discretionary

Posted Date: Apr 20, 2015

Creation Date: Apr 20, 2015

Original Closing Date for Applications: Jun 18, 2015

Current Closing Date for Applications: Jun 18, 2015

Archive Date: Jul 18, 2015

Funding Instrument Type: Cooperative Agreement

Category of Funding Activity: Business and Commerce

Category Explanation:

Expected Number of Awards: 6

Estimated Total Program Funding: $900,000

Award Ceiling: $900,000

Award Floor: $0

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

Cost Sharing or Matching Requirement: Yes

Eligible Applicants

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

Additional Information on Eligibility:

Only private, 501(c)- certified non-profit organizations that are located within and will provide services to the population of Alaska, Illinois, Indiana, Mississippi, Missouri, New Jersey, Ohio, Vermont, West Virginia, Guam, and the U.S. Virgin Islands as outlined in Program Announcement No. OWBO-2015-01, Section III will be considered.

Agency Name

Small Business Administration

Description

The U.S. Small Business Administration (SBA) has issued Program Announcement No. OWBO-2015-01 to invite private, 501(c)- certified non-profit organizations that are located within and will provide services to the population of Alaska, Illinois, Indiana, Mississippi, Missouri, New Jersey, Ohio, Vermont, West Virginia, Guam, and the U.S.

Virgin Islands as outlined in Program Announcement No. OWBO-2015-01 to 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 Program Announcement OWBO- 2015-01. 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 year.

Four additional option years 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 years one and two, 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. Note: An organization that previously operated an SBA-funded women’s business center within the past five years of the application, and previously operated an SBA-funded women’s business center within 50 miles of the proposed territory of the application may be eligible to apply, but if awarded, would be awarded as a Renewal Phase Project. Non-Federal entities awarded as a Renewal Phase Project will receive an award in the form of a cooperative agreement for the base year. Two additional option years may be exercised, subject to the availability of funding and the WBC's performance during the previous year. Renewal Phase non-Federal entities must provide non-Federal matching funds as follows: one non- Federal dollar for each Federal dollar for all three years of the project. 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