SBA's New Grant Program Aids Small Businesses
A $5 million grant program from the SBA aims to provide training, guidance, counseling, mentoring and procurement assistance to small businesses.
The Small Business Teaming Pilot program was established by Congress under the Small Business Jobs Act of 2010. Under the program, the SBA said it expects to make 10 to 20 grant awards in the range of $250,000 to $500,000 totaling up to $5 million for fiscal year 2011.
The SBA said it is accepting grant funding proposals from eligible and well-established national organizations to work in a team arrangement with small businesses, which may be in the form of a joint venture or prime and subcontractor relationship.
To be eligible for a grant, an applicant must be a private, non-profit or for-profit entity, have been in existence continually for the past three years, have experience dealing with issues relating to small business on a national level and demonstrate that it has the capacity to provide assistance to small businesses.
All proposals must be submitted electronically via the government-wide financial assistance portal http://www.grants.gov no later than 11:59 p.m. on Feb. 25. For more information about the Small Business Teaming Pilot Program, visit http://www.sba.gov/training.