The U.S. Small Business Administration (SBA) is seeking grant proposals to award up to $700,000 in grant funding for projects that promote the development of innovative and successful Native American firms that are eligible for assistance under the SBA’s 7(j) Management and Technical Assistance Program.
The grant money is available to organizations that can provide Native American small businesses with services such as training, executive education and tools to promote business development. The money cannot be used by small businesses themselves.
The SBA expects to award three to seven grants. There is no matching fund requirement and applications will be accepted through July 11, according to a press release from the Small Business Administration.
Here’s the requirements from the press release:
To submit a proposal for this funding opportunity, an applicant: may be a for-profit or not-for-profit entity (including, but not limited to small businesses, other-than small businesses, trade and professional associations, and educational institutions); must have been in existence continually for at least the past three years; must demonstrate substantive experience dealing with issues relating to small business; and, must demonstrate that it has the capacity to provide assistance to small businesses.