Opportunity Information: Apply for SB OCAPR 24 001
PRIME 2024 is a discretionary grant opportunity from the U.S. Small Business Administration (SBA) designed to strengthen support systems for disadvantaged microentrepreneurs and the organizations that serve them. The program invites proposals from qualified microenterprise development organizations (MDOs) and from microenterprise development programs operated by state, local, or tribal governments, including Indian tribes, that want to deliver practical assistance, training, and guidance tied to microenterprise development. In plain terms, the funding is meant to help people who face barriers to starting or growing very small businesses, while also improving the ability of service-provider organizations to deliver high-quality microenterprise training and related services.
The opportunity is structured around two distinct tracks. Track I, labeled Technical Assistance, funds direct training and technical assistance programs aimed at disadvantaged entrepreneurs (as defined in the announcement referenced in the source, section 1.2). This track is about working with entrepreneurs themselves, typically through activities such as business training, coaching, advising, and other hands-on support that helps individuals start, stabilize, or expand microbusinesses. Track II, labeled Capacity Building, funds training and capacity-building services for MDOs and microenterprise development programs (including groups or partnerships of such organizations). The focus here is not primarily on serving entrepreneurs directly, but on improving the capabilities, systems, and program delivery strength of the organizations that provide microenterprise training and services, so they can reach more clients and deliver stronger outcomes.
A range of applicant types are eligible, reflecting the program's emphasis on community-based and public-serving institutions. Eligible applicants include special district governments; public and state-controlled institutions of higher education; private institutions of higher education; federally recognized Native American tribal governments; other Native American tribal organizations; and nonprofit organizations with or without 501(c)(3) status (so long as they are not institutions of higher education, where that limitation applies). The funding instrument is a grant, and the activity areas are categorized under community development, education, and other related purposes. The program is listed under CFDA 59.050.
Key logistics in the provided listing include a funding opportunity number of SB OCAPR 24 001, an original application closing date of April 30, 2024, and an award ceiling of $400,000 per award. The SBA expected to make about 27 awards under this competition. The opportunity record was created on March 12, 2024.Apply for SB OCAPR 24 001
- The Small Business Administration in the community development, education, other sector is offering a public funding opportunity titled "PRIME 2024" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 59.050.
- This funding opportunity was created on 2024-03-12.
- Applicants must submit their applications by 2024-04-30. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $400,000.00 in funding.
- The number of recipients for this funding is limited to 27 candidate(s).
- Eligible applicants include: Special district governments, Public and State controlled institutions of higher education, Native American tribal governments (Federally recognized), Native American tribal organizations (other than Federally recognized tribal governments), Nonprofits having a 501 (c) (3) status with the IRS, other than institutions of higher education, Nonprofits that do not have a 501 (c) (3) status with the IRS, other than institutions of higher education, Private institutions of higher education.
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PRIME 2024 Grant Opportunity FAQs
What is PRIME 2024?
PRIME 2024 is a discretionary grant opportunity from the U.S. Small Business Administration (SBA). It is designed to strengthen support systems for disadvantaged microentrepreneurs and for the organizations that serve them by funding practical assistance, training, and guidance tied to microenterprise development.
What is the main purpose of this funding?
The funding is intended to help people who face barriers to starting or growing very small businesses, and to improve the ability of service-provider organizations to deliver high-quality microenterprise training and related services.
Who is this program meant to help?
The program is focused on disadvantaged microentrepreneurs (as defined in the referenced announcement section 1.2) and on the organizations and public programs that support microenterprise development.
What types of projects does PRIME 2024 support?
PRIME 2024 supports projects that deliver practical assistance, training, and guidance related to microenterprise development. Depending on the track, this can mean direct entrepreneur-focused training and technical assistance or capacity-building services for organizations that provide microenterprise services.
What are the two tracks in this opportunity?
The opportunity has two tracks: Track I (Technical Assistance) and Track II (Capacity Building). Each track targets a different type of beneficiary and activity focus.
What is Track I (Technical Assistance)?
Track I funds direct training and technical assistance programs aimed at disadvantaged entrepreneurs. This track focuses on working with entrepreneurs themselves through activities such as business training, coaching, advising, and other hands-on support to help people start, stabilize, or expand microbusinesses.
What is Track II (Capacity Building)?
Track II funds training and capacity-building services for microenterprise development organizations (MDOs) and microenterprise development programs, including groups or partnerships of such organizations. The emphasis is on improving organizational capabilities, systems, and program delivery so providers can serve more clients and achieve stronger outcomes.
Does Track II primarily fund direct services to entrepreneurs?
No. Track II is described as focusing primarily on improving the capabilities and delivery strength of organizations that provide microenterprise training and services, rather than serving entrepreneurs directly.
What kinds of organizations are eligible to apply?
Eligible applicants include special district governments; public and state-controlled institutions of higher education; private institutions of higher education; federally recognized Native American tribal governments; other Native American tribal organizations; and nonprofit organizations with or without 501(c)(3) status (with the noted limitation that the nonprofit category applies so long as the applicant is not an institution of higher education, where that limitation applies).
Can state, local, or tribal governments apply?
Yes. The program invites proposals from microenterprise development programs operated by state, local, or tribal governments, including Indian tribes, that want to deliver practical assistance, training, and guidance tied to microenterprise development.
Can nonprofit organizations apply without 501(c)(3) status?
Yes. The listing states that nonprofit organizations with or without 501(c)(3) status are eligible (subject to the noted limitation related to institutions of higher education).
What is the funding instrument for PRIME 2024?
The funding instrument is a grant.
What is the maximum award amount (award ceiling)?
The award ceiling is $400,000 per award.
How many awards does SBA expect to make?
The SBA expected to make about 27 awards under this competition.
What is the funding opportunity number?
The funding opportunity number is SB OCAPR 24 001.
What is the original application closing date?
The original application closing date listed is April 30, 2024.
When was the opportunity record created?
The opportunity record was created on March 12, 2024.
What are the activity areas associated with this grant?
The activity areas are categorized under community development, education, and other related purposes.
What CFDA number is associated with PRIME 2024?
The program is listed under CFDA 59.050.
What is an MDO in the context of this opportunity?
In this opportunity, MDO refers to a microenterprise development organization, meaning an organization involved in delivering microenterprise development training and related services.
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