Content provided by the Catalog of Federal Domestic Assistance
59.050 Prime Technical Assistance
SMALL BUSINESS ADMINISTRATION
Riegle Community Development and Regulatory Improvement Act of 1994, 15 U.S.C. 6901 et seq., as amended; Gramm-Leach -Bliley Act, Title VIII, Public Law 106-102.
The objective of the PRIME Program is to increase the number of microenterprises and to enhance the management capability of microentrepreneurs to provide training and technical assistance at little or no cost to microentrepreneur and/or microenterprises to assist in starting, expanding and/or growing their business; to provide training and capacity building services to enhance existing MDOs and expand the universe of MDOs that provide microenterprise development training programs and services; and to fund research and development of best practices for training and technical assistance consistent with the PRIME Act.
TYPES OF ASSISTANCE:
USES AND USE RESTRICTIONS:
The recipients of the services provided by the grantees are those persons/businesses who satisfy the eligibility criteria as defined in the Act.
Applicant Eligibility: Grant recipients shall be non-profit microenterprise development or program (or a collaborative thereof) that has a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs, an intermediary, a microenterprise development organization or program that is accountable to a local community, working in conjunction with a State or local government or Indian tribe, or an Indian tribe acting on its' own, if the tribe can certify that no private organization or program referred to in this paragraph exists within its' jurisdiction.
Pre-application Coordination: Not applicable. This program is excluded from coverage under E.O. 12372.
Formula and Matching Requirements: Grant recipients are expected to provide a 50% match which may come from fees, nonfederal grants, loan sources, and in-kind resources.
POST ASSISTANCE REQUIREMENTS:
Reports: Grant recipients are required to provide performance and financial reports.
Account Identification: 73-0100-0-1-376.
During fiscal year 2001, the PRIME program awarded approximately $15 million in grants to qualified organizations.
REGULATIONS, GUIDELINES, AND LITERATURE:
The regulations are available in 13 CFR.
Regional or Local Office:
EXAMPLES OF FUNDED PROJECTS:
CRITERIA FOR SELECTING PROPOSALS:
Past performance, technical approach, personnel, and cost.