PRIME 2022-01 | SB OCAPR 22 001

Opportunity Information: Apply for SB OCAPR 22 001

PRIME 2022-01 (Funding Opportunity Number: SB OCAPR 22 001) is a discretionary grant competition run by the U.S. Small Business Administration (SBA) under CFDA 59.050. The program is aimed at strengthening and expanding support systems for disadvantaged microentrepreneurs by funding organizations that provide hands-on assistance, training, and guidance. In practical terms, the opportunity is designed to channel federal resources to groups that help very small businesses and early-stage entrepreneurs who face barriers such as limited access to capital, limited business experience, or structural disadvantages in the marketplace. The funding supports work that either serves disadvantaged microentrepreneurs directly or helps build the capacity of microenterprise development organizations that deliver those services.

The eligible applicant pool is broad but clearly targeted to entities with a public-service or community-development mission. Applicants may include nonprofit organizations with 501(c)(3) status (excluding institutions of higher education), public and state-controlled institutions of higher education, private institutions of higher education, Native American tribal governments that are federally recognized, other Native American tribal organizations, and public housing authorities or Indian housing authorities. This mix reflects the program's emphasis on organizations that are already embedded in communities and have infrastructure to deliver training, technical assistance, mentoring, and related forms of business support.

The SBA structured PRIME 2022-01 as a grant (rather than a contract), signaling that the government is primarily supporting the recipients' proposed programmatic activities rather than procuring a defined service. Awards under this opportunity have a maximum ceiling of $250,000 per award, and SBA anticipated making about 30 awards. The activity categories listed for the opportunity include Business and Commerce, Education, and an additional "Other" category as clarified in the full announcement, indicating that funded projects may span business development services, entrepreneurial education, and related capacity-building or support efforts that do not fit neatly into a single category.

Timing for the competition was set in spring 2022. The opportunity was created on April 27, 2022, with an original application deadline of May 27, 2022. Overall, PRIME 2022-01 is best understood as a community-focused small business support grant that funds organizations working to improve the survival, growth, and stability of disadvantaged microbusinesses by delivering training, advising, and development services, and by strengthening the organizations that provide those services.

• The Small Business Administration in the business and commerce, education, other (see text field entitled explanation of other category of funding activity for clarification) sector is offering a public funding opportunity titled "PRIME 2022-01" and is now available to receive applicants.
• Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 59.050.
• This funding opportunity was created on Apr 27, 2022.
• Applicants must submit their applications by May 27, 2022 No Explanation. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
• Each selected applicant is eligible to receive up to $250,000.00 in funding.
• The number of recipients for this funding is limited to 30 candidate(s).
• Eligible applicants include: Public and State controlled institutions of higher education, Native American tribal governments (Federally recognized), Public housing authorities/Indian housing authorities, Native American tribal organizations (other than Federally recognized tribal governments), Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education, Private institutions of higher education.

Apply for SB OCAPR 22 001

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