Business Oregon has opened a Request for Grant Applications (RFGA) for the State Small Business Credit Initiative (SSBCI) Technical Assistance (TA) Program.
Donor Name: Business Oregon
State: Oregon
County: All Counties
Type of Grant: Grant
Deadline: 11/10/2024
Size of the Grant: $500,000 to $1 million
Grant Duration: Grant Duration Not Mentioned
Details:
Business Oregon now intends to issue this RFGA to select one or more additional technical assistance providers who will support SEDI-owned businesses and VSBs with the legal, financial, and accounting assistance necessary for the businesses to pursue and secure funding from one of three Business Oregon SSBCI programs, which are focused on early-stage, high-growth companies. Selected providers will be charged with helping Business Oregon meet its deployment commitments to SEDI-owned businesses and VSBs by sourcing, supporting, and shepherding the businesses through the capital acquisition process. Contingent upon the technical assistance (TA) provider’s ability to meet benchmarks that align with the program’s objectives and maximize the state’s allocation of SSBCI funds, it is expected that technical assistance providers will be awarded funding for multiple years. The funds disbursed under this RFGA may only be used in compliance with 12 U.S.C. 5708(e) and the U.S Treasury’s implementing regulations and guidance.
Funding Information
The award amount of approximately $600,000 is the total amount to be awarded during the period of performance, which extends through July 31, 2027.
Eligibility Criteria
Eligible applicants include nonprofit and community-based organizations with an active 501(c)(3) status; Chambers of Commerce, nonprofit trade associations, and other 501(c)(6) status entities; Tribal governments; Economic Development Districts, and federally recognized small business resource providers. Additionally, successful applicants will meet and demonstrate in their applications the following minimum requirements:
- Are registered to do business in Oregon;
- Have been in operation and provided relevant services for a minimum of two years;
- Have experience supporting access or securing capital for established and/or growth oriented SEDI-owned businesses and VSBs; and
- Have experience managing a program, including assessing individual eligibility criteria, working with subrecipients, compliance monitoring, tracking outcomes, and submitting reports, as required.
For more information, visit Business Oregon.
