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Five Year SBA Grant for Women Business Center Available to Florida Non-Profit Organizations
MIAMI – The U.S. Small Business Administration (SBA) invites Florida-based, private, 501(c)- certified non-profit organizations to apply for a five-year Women's Business Center (WBC) grant.
The SBA Women's Business Center is a program or project funded, in part, by a grant from the SBA to provide technical assistance to women entrepreneurs, who are largely socially and economically disadvantaged. The successful applicant will receive an award in the form of a cooperative agreement for the base year and four additional option years may be exercised subject to the availability of funding and the WBC's performance during the previous year.
“SBA established the Women’s Business Center Program 25 years ago to better help women overcome continuing barriers to success. Today there are Women’s Business Centers in almost every state and two centers in the south Florida district,” said SBA South Florida District Director Francisco “Pancho” Marrero. “This grant will create a new resource partner in Florida to help women entrepreneurs start and grow successful businesses. Each center provides training in finance, management, marketing, as well as offering access to all of the SBA’s financial and procurement assistance programs.”
The award recipient must provide non-federal matching funds as follows: one non-federal dollar for each two federal dollars for the first two years, and one non-federal dollar for each one federal dollar for years three through five. At least 50% of the non-federal matching funds must be in the form of cash to include program income (e.g., fees generated from services). The remaining 50% may be made up of in-kind contributions. Applications are due by July 31.
An organization that previously operated an SBA-funded women’s business center within the past five years of the application, and previously operated an SBA-funded women’s business center within 50 miles of the proposed territory of the application may be eligible to apply, but if awarded, would be awarded as a Renewal Phase Project.