PRIME 2024 | SB OCAPR 24 001

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.

• 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.

Apply for SB OCAPR 24 001

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