The Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce, through the Rural MBDA Business Center Program, will provide awards to support technical assistance, capacity building, and entrepreneurial development services to rural Minority Business Enterprises (RMBEs) at all stages, from ideation to maturity.
Donor Name: Minority Business Development Agency
State: All States
County: All Counties
Type of Grant: Grant
Deadline: 02/12/2025
Size of the Grant: $100,000 to $500,000
Grant Duration: 5 Years
Details:
Funding Information
- In fiscal year (FY) 2025, MBDA expects to obligate approximately $4 million for multi-year financial assistance awards made under this NOFO for the selected proposals; the awards, which MBDA anticipates funding annually, will have an overall five-year period of performance.
- The funding amount for each award in FY 2025 will be approximately $400,000. MBDA anticipates that an equivalent amount will be available in FY 2026 through FY 2029 to support continuation of the program for the subsequent budget periods (12 months each) of the selected projects.
Grant Period
5 years.
Eligibility Criteria
Under 15 U.S.C. 9551(5), the term “minority-serving institution” is defined as an institution of the Higher Education Act of 1965. Therefore, for the purposes of this Program, a “minority-serving institution” is limited to:
- a Historically Black College or University;
- a Hispanic-serving institution;
- a Tribal College or University;
- an Alaska Native-serving institution or a Native Hawaiian-serving institution;
- a Predominantly Black Institution;
- an Asian American and Native American Pacific Islander-serving institution; or
- a Native American-serving nontribal institution.
For more information, visit Grants.gov.
