The Minority Business Development Agency (MBDA) seeks market solutions to the barriers of access to capital that acknowledge lack of traditional collateral/assets as an impediment for minority business enterprises (MBEs) . The Broad Agency Announcement (BAA) requests applications from qualified organizations for projects addressing these historical barriers by leveraging non-traditional financial resources. The projects can utilize technical assistance models, pilot innovative solutions, leverage technology, advance research and data, or provide education to non-traditional lenders.
The BAA aligns with the MBDA’s strategic mission to support the growth and global competitiveness of MBEs and the Administration’s strategic priority to advance racial equity and support underserved communities through the Federal government.
Learn more about the application process and deadlines by viewing the Notice of Funding Opportunity.
Deadline: Applications must be submitted to Grants.gov no later than June 8, 2022 at 11:59 PM EST
Full text of Notice of Funding Opportunity:
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Program Priorities-Part 1 | May 16, 2022
MBDA will provide general competition and funding opportunity information, key changes from previous competitions, and competition key dates and logistics. MBDA will also outline program priorities and objectives. Conference will conclude with a live question and answer session.
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Program Priorities-Part 2 | May 23, 2022
MBDA will provide general competition and funding opportunity information, key changes from previous competitions, and competition key dates and logistics. MBDA will also outline program priorities and objectives. Conference will conclude with a live question and answer session.
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Measuring Success & Budget Pitfalls | May 26, 2022
MBDA will discuss best practices and pitfalls to avoid when developing a program budget and workplan. Conference will also outline program performance measures and how to best develop workplans to achieve and report on performance goals. Conference will conclude with a live question and answer session.
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