SBA Announces FY2014 PRIME TA Grant Opportunity
June 6, 2014 – The U.S. Small Business Administration (SBA) announced the FY2014 notice of grant opportunity for the Program for Investment in Microentrepreneurs (PRIME).
For FY2014, a total amount of $3,500,000 in grant funding is available for the PRIME Program. The SBA expects to make approximately 40 awards. For Track I (Technical Assistance) and Track II (Capacity Building), the SBA anticipates grants will be in the range of $50,000 to $250,000. For Tack III (Research & Development), the SBA anticipates the availability of up to $350,000. For all grant awards, the SBA requires a 50 percent matching contribution, however, the SBA may reduce or eliminate this requirement in certain circumstances.
Each Applicant is required to submit its proposal electronically via www.Grants.gov no later than 11:59 p.m. Eastern Time on July 14, 2014.