Fiscal Year 2022 Broad Agency Announcement - Access to Capital: Innovative Finance

Agency: Department of Commerce

11.802 -- Minority Business Resource Development

Archived opportunityLast Updated: May 13, 2026

Description

This notice requests applications from qualified organizations for projects addressing historical barriers to capital minority business enterprises (MBEs) face by leveraging non-traditional financial resources. The projects can utilize technical assistance models, pilot innovative solutions, leverage technology, advance research and data, or provide education to non-traditional lenders. MBDA seeks market solutions to the barriers of access to capital that acknowledge lack of traditional collateral/assets as an impediment for MBEs. The projects align with the Minority Business Development Agency (MBDA) strategic mission to support the growth and global competitiveness of minority business enterprises (MBEs) and the Administration’s strategic priority to advance racial equity and support underserved communities through the Federal government.

Pre-Application Teleconference: MBDA will conduct a series of pre-application teleconferences on May 16, 23 and 26, 2022 Eastern Time. The time of the pre-application teleconferences are 2:00pm – 3:00pm Eastern Daylight Time. Participants must register at least 24 hours in advance of the teleconference. Please visit the MBDA website at www.mbda.gov for more information.

Eligibility

Eligible applicants

Miscellaneous

Other

Additional information

Eligible applicants include for-profit entities (including but not limited to partnerships, limited liability companies, and corporations), non-profit organizations, institutions of higher education, or commercial organizations. Government or quasi-governmental organizations are not eligible. The successful applicant and program partners should have knowledge and experience working in the core areas listed under Program Objectives and should expect to work on behalf of MBEs. It is also anticipated that the mission of the successful project applicant will align with both the mission of MBDA and the BAA objectives. Note: Project must be located in the U.S. or any U.S. territory, including Guam, Puerto Rico, and the Virgin Islands. MBDA is not authorized to provide awards to individuals under this BAA, and applications from individuals will not be considered under this request.Note: Current Operators of a MBDA Business Center and/or Project are not eligible to apply for this Broad Agency Announcement.

Grantor contact information

Description

Nakita Chambers 1401 Constitution Ave., NW Washington, DC 20230 202-482-0065

Email

Work

nchambers@mbda.gov

Documents

File name	Description	Last updated
MBDA-OBD-2022-2007329_Explanatory_Rev.pdf	Explanatory statement	Jun 2, 2022 12:55 PM UTC
MBDA-OBD-2022-2007329_Rev.pdf	Full Announcement	Jun 2, 2022 12:52 PM UTC

Link to additional information

Archived: July 6, 2022

Application process

This site is a work in progress. Go to www.grants.gov to apply, track application status, and subscribe to updates.

Award

$884,559

Program Funding

Expected awards

$884,559

Award Minimum

$884,559

Award Maximum

Funding opportunity number:

MBDA-OBD-2022-2007329

Cost sharing or matching requirement:

Yes

Funding instrument type:

Grant

Opportunity Category:

Discretionary

Opportunity Category Explanation:

Category of Funding Activity:

Environment

Natural resources

Science technology and other research and development

Category Explanation:

History

Version:

Posted date:

May 5, 2022

Archive date:

July 6, 2022