MBDA Business Center Program

Funding Agency:
Department of Commerce

This Federal Funding Opportunity (FFO or Announcement) announces the availability of funding for the MBDA Business Center (“Center”) program, and solicits competitive applications for operators of MBDA Business Center in one (1) location. MBDA Business Center is established to provide technical assistance and business development services. The technical assistance and business development services are provided through federal financial assistance awards to generate increased financing and contract opportunities for minority business enterprises (MBEs). In addition, the services provided will assist MBEs in creating and retaining jobs. 

The primary drivers of the Business Center program are: (i) capacity building, and (ii) job creation/retention resulting from facilitating contracts and financing for medium-sized minority businesses. MBDA Center provide technical business services including (but not limited to) the development of a pool of contract and finance opportunities; direct matching of opportunities with qualified/vetted MBEs; relationship management and deal sourcing initiatives (e.g. industry clusters); facilitating MBE growth through exports (identifying global markets and financing); identifying, matching and securing alternative sources of capital and financing ; educating MBEs on the benefits of strategic growth alternatives (e.g., mergers, acquisitions and/or joint ventures); MBE advocacy; and, providing service referrals to MBEs of all sizes. Each Center is required to work collaboratively with all MBDA Business Center and other MBDA sponsored projects (“Network”).

Each Center will engage the Network and offer its services to assisting MBE clients through Network collaboration. 

Deadline: May 7, 2016

Agency Website

Eligibility Requirements

For-profit entities (including but not limited to sole-proprietorships, partnerships, limited liability companies and corporations), non-profit organizations, state and local government entities, Native American Tribes and educational institutions are eligible to apply to operate MBDA Business Center.

Successful applicants will possess experience in assisting minority firms in obtaining large scale contracts/procurements and financing awards; accessing established supply chains; educating and assisting minority firms in joint ventures, teaming arrangements, mergers and acquisitions; minority business advocacy; and, facilitating entry and large scale transactions in global markets. It is also anticipated that the mission of successful applicant organizations will align with both the mission of MBDA and the MBDA Business Center program objectives. 

Amount Description

The total funding period for the awards made under this solicitation is three (3) base years and two (2) optional years. There is approximately a total of $1,427,000 to fund the financial assistance awards for the operation of MBDA Business Center identified in this FFO through FY 2021. The anticipated amount of the federal funding for each Center for each of the program years is listed (see Appendix A: Funding Availability by Center Location) for each Center being competed under this FFO.

The award will be $285,400 per year. The federal share of funding levels is based at $250,000 plus locality adjustments. The locations of the Center are based on the size and ranking of minority populations in each metropolitan statistical area (MSA), the overall number of minority firms in MSAs (as established by U.S. Census Bureau data), and other available research and data.

Funding Type

Grant

Eligibility

Faculty

Category

Community Outreach and Engagement
Social Sciences

External Deadline

May 7, 2016