Minority Business Development Agency announces federal funding opportunity

The Minority Business Development Agency (MBDA) issued a Broad Agency Announcement (BAA) launching a nationwide competitive grant solicitation for innovative projects and initiatives from prospective organizations that assist minority-owned businesses to address their most pressing needs and those of the communities they serve. This announcement is a mechanism to encourage new activities, education, outreach, innovative projects or sponsorships that are not addressed through other MBDA programs. A total of $11.65 million will be available annually to fund the financial assistance awards under this announcement utilizing FY2018 appropriated funds.

Funding Opportunity Description

MBDA, a bureau of the U.S.. Department of Commerce, leads Federal Government efforts to promote the growth and global competitiveness of minority business enterprises (MBEs). MBDA has established key priorities designed to overcome the unique challenges faced by minority business enterprises (MBEs).  MBDA is now initiating new approaches to serve MBEs that compliment Presidential priorities and U.S.. Department of Commerce goals. These program priorities are as follows:

  • Access to Capital
  • American Indian, Alaska Native, and Native Hawaiian Project
  • Aquaculture
  • Disaster Readiness
  • Disaster Recovery
  • Entrepreneurship for Formerly Incarcerated Persons
  • Global Minority Women Economic Empowerment Initiative
  • Historically Black Colleges and Universities Initiative
  • Inclusive Infrastructure Initiative
  • Research
  • Space Commerce
  • Sustainable Business Model
  • Technology Transfer and Commercialization
  • Virtual Business Center

Submission Requirements

Eligible applicants may be for-profit entities (including but not limited to sole-proprietorships, partnerships, limited liability companies and corporations), non-profit organizations, institutions of higher education, commercial organizations, individuals, state and local government entities, quasi-government entities, Indian Tribal governments, Tribal entities, and Native Hawaiian entities.

The deadline to submit completed applications for the broad agency announcement is 11:59 pm EST on July 11, 2018. Applicants are encouraged to submit applications as soon as possible to receive funding for Fiscal Year 2018.For more information and to register for a pre-application teleconference visit our website.

Pre-Application Conference Call

MBDA will conduct two pre-application conference calls on June 18 and 21, 2018 from 2:00 – 3:00 pm EST.  The goal of the conference call is to provide a background and summary of the BAA, as well as provide potential applicants with the opportunity to ask questions about the program and the application process. The times, locations and registration instructions for the pre-application conferences will be posted on MBDA’s website.

Applicants should visit MBDA for more information.