SBA Announces New Grant Funding for Native American-Owned Small Businesses
19 Julio 2024 - 12:52PM
Today,
Administrator Isabel Casillas Guzman, head of
the U.S. Small Business Administration (SBA) and the voice in
President Biden’s Cabinet for America’s more than 33 million small
businesses, announced a funding opportunity for Native
American-owned small businesses under its new pilot Native American
Trade Expansion Program (NATEP). The new program will provide up to
$240,000 in grants to expand exporting opportunities to Native
American-owned small businesses. The deadline for eligible small
business concerns to submit proposals to the NATEP Program is July
31, no later than
11:59 p.m. (
EDT).
“Under the Biden-Harris Administration, the SBA has remained
committed to increasing economic opportunities for tribal
communities and creating pathways to entrepreneurship for Native
American and Indigenous small business owners,” said
Administrator Guzman. “With the launch of the Native
American Trade Expansion Program, we can help Native American
entrepreneurs grow their businesses through exports abroad. The
more than 341,000 Native American-owned small businesses can help
us lift communities and power U.S. global competitiveness for a
brighter future for us all.”
The SBA’s Office of Native American Affairs (ONAA) established
this funding opportunity as part of its mission to ensure that
Native American-owned small businesses have full access to the
business development and expansion tools available through the
SBA’s entrepreneurial development, lending, and procurement
programs. Eligible organizations for this funding
opportunity must meet the following criteria:
Must be located in or near Tribal lands and/or intend to
primarily provide services to Native American-owned small
businesses and entrepreneurs;
- Must be a for-profit
or non-profit entity;
- Must have been in
existence continually for at least three years;
- Must have
substantive experience dealing with issues related to the Native
American population and small businesses; and
- Must have a track
record and capacity of providing assistance to Native American
small businesses and entrepreneurs.
Eligible small businesses that are selected will be awarded up
to $240,000 to directly support small businesses with grants and
technical assistance to support for a project period of 24 months.
Funds can be used by the awardee to directly fund small businesses
to participate in opportunities that can increase exports, such as
participation in foreign trade missions, a foreign market sales
trip, website and product translation, and international marketing
media design. Funds must directly support development of
New-to-Export Native small businesses (NTE) and Market Expansion
Native small businesses (ME). Accordingly, applicants must reflect
in their technical proposal and budget narrative the use of at
least 85% of their proposed federal award for the purpose of
providing direct benefit to these exporting small businesses.
Applications must be submitted on or before July 31, via
www.Grants.gov and must consist of the following elements (i) a
cover letter; (ii) a technical proposal; (iii) budget information;
(iv) certifications, forms and assurances; and (v) attachments and
exhibits. To learn more about this grant opportunity, visit
here
###
About the U.S. Small Business AdministrationThe U.S.
Small Business Administration helps power the American dream of
business ownership. As the only go-to resource and voice for small
businesses backed by the strength of the federal government, the
SBA empowers entrepreneurs and small business owners with the
resources and support they need to start, grow, expand their
businesses, or recover from a declared disaster. It delivers
services through an extensive network of SBA field offices and
partnerships with public and private organizations. To learn more,
visit www.sba.gov.
Tiffani Clements
U.S. Small Business Administration
Tiffani.Clements@sba.gov