MBDA Offering $11.65 Million to Benefit Minority-Owned Businesses

The U.S. Minority Business Development Agency (MBDA) has issued a call for proposals for projects that will have a positive impact on minority-owned businesses and the communities they serve. The Broad Agency Announcement issued June 12, 2018, promises up to $11.65 million in grant funding for projects across the United States.  

The BAA is open to for-profit businesses, including corporations, sole proprietorships, partnerships and LLCs. Insitutions of higher learning, nonprofits, state and local governments, Indian Tribal governments and individuals are also encouraged to apply.

In making the announcement, Edith McCloud, Acting National Director of the MBDA, said, “Minority-owned businesses contribute greatly to our economy, and through the BAA we can work to meet the needs of this community with the ultimate goals of continued expansions, growth, and job creation.”

The BAA identifies 14 key funding initiatives, which align closely with the agency’s overarching goals.They include:

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

Additionally, for the first time this year, the BAA includes a category for formerly incarcerated persons, citing the importance of entrepreneurship in reducing recidivism and unemployment for prisoners who have been released. It also includes a category for research projects focused on identifying and quantifying the unique challenges faced by minority-owned businesses.

How to Apply

The MBDA encourages all interested applicants to attend one of two scheduled pre-application teleconferences being held on June 18 and June 21, from 2 to 3 p.m. Eastern Time.  

To register for a pre-conference and download an application form visit MBDA.gov.

The deadline for applications is 11:59 p.m. Eastern Time July 11, 2018. Applicants may submit proposals for more than one initiative; however, each application must be submitted separately to Grants.gov.

Note: If you have not submitted an application on this platform before, watch the supplied introductory videos before you proceed.

For additional information or to ask a question contact:

Ms. Joann J. Hill, MBDA Chief of the Office of Business Development U.S. Department of Commerce, at (202) 482-1940 or jhill@mbda.gov – or –

Nakita Chambers, MBDA Program Manager U.S. Department of Commerce, at (202) 482-0065 or nchambers@mbda.gov.

Reference Funding opportunity MBDA-OBD-2018-2005687.

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