WASHINGTON (July 1, 2016) — The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is seeking proposals to support MBDA’s key initiatives through a Broad Agency Announcement (BAA).
The BAA allows organizations to submit proposals for new programs, education, outreach, innovative projects, or sponsorships not addressed through the existing MBDA business center program.
All proposals must align with the Agency’s key priorities centered around supporting minority businesses that include: Inclusive Innovation, Commercialization and Entrepreneurship; Business and Economic Rehabilitation in the Gulf States; Federal Contracting Transition and Sustainability; MBE Community Business Access to Capital; and Business Innovation for the Next Generation.
“This is an opportunity to leverage MBDA’s resources to support our MBEs beyond just our traditional business center program. We want to encourage innovation and provide a unique platform to launch new ideas and resources,” said MBDA National Director Alejandra Y. Castillo.
MBDA expects a total of approximately $2 million per year to fund the financial assistance awards under this announcement through FY 2017. Awards are subject to funding availability.
The BAA is not a method for awarding congressionally directed funds or existing funded awards. Funding for potential projects submitted in response to the BAA are contingent upon the availability of Fiscal Year 2016 and Fiscal Year 2017 appropriations.
The deadline to submit completed applications for the BAA is June 21, 2017. Applicants are encouraged to submit applications as soon as possible to receive funding for Fiscal Year 2016. For more information visit www.grants.gov and www.mbda.gov.
About the Minority Business Development Agency (MBDA)
MBDA, www.mbda.gov, is the only Federal agency dedicated to the growth and global competitiveness of U.S. minority-owned businesses. Our programs and services better equip minority-owned firms to create jobs, build scale and capacity, increase revenues and expand regionally, nationally and internationally. Services are provided through a network of MBDA Business Centers. After 45 years of service, MBDA continues to be a dedicated strategic partner to all U.S. minority-owned businesses, committed to providing programs and services that build size, scale and capacity through access to capital, contracts and markets. Follow us on Twitter @usmbda.