MBDA Capital Readiness Program
Funding Amount
Part of $100 million national funding opportunity
Deadline
Rolling / Open
Grant Type
foundation
Overview
MBDA Capital Readiness Program
Funder: Minority Business Development Agency (MBDA), U.S. Department of Commerce
Funding Source: U.S. Department of Treasury's State Small Business Credit Initiative (SSBCI), reauthorized under the American Rescue Plan Act of 2021
Total Funding: $100 million (announced December 21, 2022)
Geographic Scope: National program; administered through Lehigh Valley Workforce Investment Board (Pennsylvania)
Purpose & Mission: Empower underserved entrepreneurs to grow and scale their businesses by becoming capital ready
- Non-profit organizations
- Private sector entities
- Institutions of higher education
- Consortiums of two or more of any of the above-mentioned eligible applicants
Eligibility
Eligible applicants include:- Status: Active funding opportunity
- Application Support: MBDA conducted pre-application technical assistance webinars on January 10th, 17th, and 24th (2023)
- Contact: Workforce Board Lehigh Valley, 555 Union Boulevard, Allentown, PA 18109; Phone: 610-437-5627; Fax: 610-434-4122; TTY: 610-437-0741
Key Information
- Official Notice of Funding Opportunity (NOFO)
- Press kit and materials
- CNN exclusive interview with Secretary Raimondo
Resources Provided
How to Apply
How to Apply
- Application Link: Available through grant portal (labeled "Apply for Grant" on program page)
- Technical Assistance: Pre-application webinars were conducted to aid potential applicants
- Required Materials: See official NOFO documentation for complete application requirements
- Submission Format: Follow guidelines in official Notice of Funding Opportunity (NOFO)
Note: Specific application details, narrative questions, and step-by-step instructions should be obtained from the official NOFO document and MBDA website.
Focus Areas & Funding Uses
Fields of Work
Categories
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