Closed · MBDA-OBD-2022-2007329 · CFDA 11.802 · Discretionary
Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance
Federal grant opportunity posted by Department of Commerce, cataloged on Grants.gov.
- $885K-$885K
- Award range
- Closed
- Status
- June 8, 2022
- Close date
- 1
- Expected awards
The verdict
Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance is a closed discretionary listing from Department of Commerce that offered $884,559 -- $884,559 across 1 expected award. Future funding cycles may be published under the same CFDA number.
- $885K-$885K
- award range
- Closed
- application status
- 1
- expected award
- 11.802
- CFDA program
Opportunity snapshot. This Grants.gov announcement - Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance - is cataloged under number MBDA-OBD-2022-2007329 and tied to CFDA assistance listing 11.802, posted by Department of Commerce. Grants.gov currently shows the opportunity as closed, first posted on May 5, 2022 and last updated on June 2, 2022. The funding category is Discretionary, delivered as a grant.
Award economics. The award range on file is $884,559 -- $884,559. The agency has projected $885,000 in total estimated funding for this announcement. It expects to issue 1 award. If the agency funds the expected 1 award from the $885,000 estimated pool, the average award works out to roughly $885,000. Cost sharing or matching funds are required, meaning applicants must contribute a portion of the project budget from non-federal sources, factor this into your financial plan before drafting the proposal. Federal award ranges are often upper bounds; actual allocations reflect program appropriations, the strength of the applicant pool, and the evaluation committee's scoring.
Deadline and action path. This opportunity closed on June 8, 2022. Future funding cycles may be published under the same CFDA number, so monitoring the parent program page is the most reliable way to catch re-announcements. Every Grants.gov submission requires an active SAM.gov registration and a Unique Entity ID. Review the Eligibility section below carefully, federal eligibility categories (nonprofit, state or local government, tribal, individual, educational institution, small business) have distinct registration and reporting requirements. Pre-application outreach to the listed agency contact is permitted and often welcomed, it helps clarify scope and scoring priorities. Before acting on the deadline or award figures above, verify them directly on the official Grants.gov listing, amendments can change dates and amounts after this page was last refreshed.
Award Range
$884,559 -- $884,559
Close Date
June 8, 2022
Posted
May 5, 2022
Est. Total Funding
$884,559
Expected Awards
1
Instrument
Grant
Cost Sharing
Required
Description
This notice requests applications from qualified organizations for projects addressing historical barriers to capital minority business enterprises (MBEs) face 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. MBDA seeks market solutions to the barriers of access to capital that acknowledge lack of traditional collateral/assets as an impediment for MBEs. The projects align with the Minority Business Development Agency (MBDA) strategic mission to support the growth and global competitiveness of minority business enterprises (MBEs) and the Administration’s strategic priority to advance racial equity and support underserved communities through the Federal government.Pre-Application Teleconference: MBDA will conduct a series of pre-application teleconferences on May 16, 23 and 26, 2022 Eastern Time. The time of the pre-application teleconferences are 2:00pm – 3:00pm Eastern Daylight Time. Participants must register at least 24 hours in advance of the teleconference. Please visit the MBDA website at www.mbda.gov for more information.
Eligibility
Grants.gov lists this opportunity under eligibility category code 25. These codes correspond to applicant types (state/local government, tribal organization, nonprofit, educational institution, individual, small business, etc.) defined in Grants.gov's own eligibility reference. See the current Grants.gov eligibility categories or check the official listing below for this opportunity's exact eligibility statement.
Official Listing on Grants.gov
View full details, application forms, and submission instructions.
Agency Contact
Nakita Chambers 1401 Constitution Ave., NW Washington, DC 20230 202-482-0065
Key Dates
Frequently Asked Questions
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Disclaimer: This information is sourced from Grants.gov and SAM.gov and is for informational purposes only. Opportunity details, deadlines, and eligibility requirements change frequently. Always verify current information directly on Grants.gov before applying. PlainGrants is not affiliated with any federal agency.
Read our methodology - how this data is sourced, computed, and verified.
Related
| Publisher | PlainGrants |
| Sources | the SAM.gov Assistance Listings and Grants.gov |