WASHINGTON (June 3, 2016) — The U.S. Department of Commerce Minority Business Development Agency (MBDA) has announced a Federal Funding Opportunity for candidates interested in operating an MBDA Federal Procurement Center Project.
The project, a key component of the Agency’s overall portfolio of minority business development services, is designed to help minority business enterprises (MBEs) identify and secure federal contracting opportunities by providing technical assistance and business development services, which will also assist MBEs in creating and retaining jobs.
“Minority-owned firms are engines of employment growth and economic expansion across the nation,” said MBDA National Director Alejandra Y. Castillo. “This project will help ensure our minority business owners have greater access to federal contract opportunities, along with the resources they need to successfully grow their business portfolios within their specific industries.”
The total funding period for the award made under this solicitation is three (3) base years and two (2) optional years. Financial assistance awards in the form of cooperative agreements will be used to fund the MBDA Federal Procurement Center Project and are expected to be in the amount of $500,000 annually.
The Center must be located in the greater Metropolitan Washington, D.C., area to include: Arlington County, Fairfax County, and the City of Alexandria in Virginia; and Montgomery County and Prince Georges County in Maryland.
According to data from the U.S. Census Bureau’s 2012 Survey of Business Owners,from 2007 to 2012, the percentage of minority-owned firms increased from 22 percent to 29 percent of the total number of U.S. firms. MBEs number more than 8 million and generate over $1.4 trillion in gross receipts.
For-profit entities (including, but not limited to,sole-proprietorships, partnerships, limited liability companies and corporations),non-profit organizations, state and local government entities, Native American Tribes, and educational institutions are eligible to apply to operate MBDA Federal Procurement Center Project.
Completed applications must be submitted to www.Grants.gov by July 1, 2016.
Visit www.mbda.gov for more information.
About the Minority Business Development Agency (MBDA)
MBDA, www.mbda.gov, is the only Federal agency dedicated to the growth and global competitiveness of U.S. minority-owned businesses. Our programs and services better equip minority-owned firms to create jobs, build scale and capacity, increase revenues and expand regionally, nationally and internationally. Services are provided through a network of MBDA Business Centers. After 45 years of service, MBDA continues to be a dedicated strategic partner to all U.S. minority-owned businesses, committed to providing programs and services that build size, scale and capacity through access to capital, contracts and markets. Follow us on Twitter @usmbda.