Posted by Ardis Bazyn, President of ABWA Verdugo-Glen Chapter
Funding Opportunity Description: The Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce, will provide Federal assistance to support innovative projects that promote and seek to ensure the growth and resolve the challenges faced by minority business enterprises The primary drivers of a MBDA Advanced Manufacturing Project (AMP) program are capacity building and job creation/retention (see additional details on page 2 of NOFO).
A total of $1.6 million will be available to fund the financial assistance awards under this announcement utilizing FY2021 appropriated funds. The FY21 funding will be approximately $400,000 (see page 5 of NOFO).
MBDA will issue awards for a 5-year term from July 1, 2021 through June 30, 2026. Receipt of any prospective funding also is contingent upon the availability of funds from Congress, satisfactory performance, and continued relevance to program objectives and will be at the sole discretion of the Department of Commerce.
All proposals must be received on or before 11:59 p.m. EDT on April 8, 2021.