The Nebraska Department of Economic Development (DED) is seeking applications for its 2024-2024 Microenterprise Technical Assistance Program.
Donor Name: Nebraska Department of Economic Development
State: Nebraska
County: All Counties
Type of Grant: Grant
Deadline: 12/04/2023
Size of the Grant: More than $1 million
Grant Duration: 2 Years
Details:
The purpose of the microenterprise program is:
- To encourage, support, and grow Nebraska-based microenterprises by providing technical assistance in rural and urban distressed areas in order to better assure that Nebraska’s microenterprises are able to realize their full potential to create jobs, enhance entrepreneurial skills and activity, and increase low-income households’ capacity to become self-sufficient, and:
- To coordinate resources and technical assistance provided by microenterprise service providers in the State.
Funding Information
The Department has committed a maximum of $1,477,000 per year for the next two years to be awarded to one or more grantees (or joint applicants) to provide state-wide technical assistance. The maximum grant amount per project is $1,477,000 per year for two years ($2,954,000 total). Applications should reflect this two-year time frame.
Eligible Projects
Eligible projects include funding for the operating costs of a micro-loan delivery program by a micro-loan technical assistance organization. Operating costs include costs to provide technical assistance to microenterprise businesses, such as: staff time, training costs, travel, and other costs deemed eligible by the Department.
Eligibility Criteria
- Eligible applicants include Internal Revenue Service (IRS) designated 501(c)(3) non-profit organizations located within the State of Nebraska. Such applicants must demonstrate statewide coverage of services to all areas of the State. Statewide coverage may be achieved through joint applications consisting of one Lead applicant and Joint applicant(s).
- In joint applications, the Lead applicant must be a non-profit whose primary microenterprise service is micro-lending.
- In addition, the organization must also provide technical assistance to microenterprises consisting of businesses with 10 or fewer employees and further defined in the Business and Innovation Act. The Lead applicant must have a positive track record of micro-lending and technical assistance to microenterprises. In addition to the Lead applicant, Joint applicant(s) must be an eligible micro-loan delivery or micro-loan technical assistance organization.
For more information, visit DED.
