Program for Investment in Microentrepreneurs (PRIME)

The U.S. Small Business Administration (SBA) has issued Program Announcement No. PRIME-2015-01 to provide training and capacity building grant programs to microenterprise development organizations (MDOs). SBA will evaluate applications for funding in accordance with the purposes of the Act, including an application’s ability to demonstrate mission-oriented and culturally competent projects and/or services that reflect local community demographics. Section 5.0 of the Program Announcement more fully defines the specific evaluation criteria. PRIME has two tracks for which SBA will consider granting...

An applicant must clearly demonstrate that it is one of the following:• A microenterprise development organization or program (or group or Collaborative thereof) such as a non-profit Community Development Financial Institution or similar entity, that has a demonstrated record of delivering microenterprise services to disadvantaged entrepreneursor • An Intermediary (as defined in Section 8.1) which has experience in delivering technical assistance to disadvantaged entrepreneurs; or• A microenterprise development organization or program (as defined in Section 8.1) 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 it can certify that no private organization or program referred to in paragraph in paragraphs (1) exists within its jurisdiction.