Business course

Small Business Administration expands outreach centers for minority women entrepreneurs

DENVER- Administrator Isabella Casillas Guzmanhead of the US Small Business Administration and the voice of America’s 32.5 million small businesses in President Biden’s cabinet, announced the availability of $1.5 million for 10 new grant opportunities for established minority-serving institutions aspiring to host a center business for women.

Administrator Guzman said, “Our Women’s Business Centers provide vital support, connecting women entrepreneurs to many of the SBA’s most valuable resources, including access to capital, professional networks, skills training for business growth and resilience, and more. I hope that the leaders of each qualified institution will take this opportunity to establish a women’s business center and begin to build bridges to opportunities for women business owners in our country.

The goal of the funding will be to enable up to 10 private non-profit organizations to provide entrepreneurial development services to women, with a focus on socially and economically disadvantaged entrepreneurs in locations outside of the areas existing WBCs.

Eligible applicants include the following higher education institutions or their affiliates:

  • Historically Black Colleges and Universities (as defined in 20 USC §1061)
  • Hispanic Service Institutions (as defined in 20 USC § 1101a)
  • Tribal colleges and universities (as defined in 20 USC 1059c)
  • Native Hawaiian Service Institutions (as defined in 20 USC § 1059d(b))
  • Alaska Native Serving Institutions (as defined in 20 USC § 1059d(b)) higher education with existing minority entrepreneurship or related programs

“Our office looks forward to supporting initiatives aimed at ensuring that multicultural women and the academic institutions that support them across the country have access to resources and support to advance entrepreneurial opportunities and readiness,” said Natalie Madeira Cofield, Deputy Administrator, US Small Business Administration. “This notable expansion builds on our historic expansion in 2021, where our center footprint grew to include 24 new centers, 60% of which were located in rural communities across the country, including Puerto Rico.

Since March 2021, 24 new centers have opened. Of the newer WBC venues, three are affiliated with the HBCUs and two in Puerto Rico.

To find other WBC sites and resources, visit www.sba.gov/tools/local-assistance.

How to register

Eligible applicants must be private nonprofit organizations with 501(c) tax-exempt status from the U.S. Treasury’s Internal Revenue Service and must or be affiliated with a minority-serving institution.

The application acceptance period for this opportunity is Wednesday, February 2 through Monday, March 14. Proposals responding to this program should be submitted via www.grants.gov by Monday, March 14 at 11:59 p.m. EST. No other method of submission will be permitted. Proposals submitted after the deadline will be rejected.

Interested candidates can direct their questions to Donald Smith at [email protected]. For issues with grant.gov, please visit www.grants.gov/web/grants/supportcall the Grants.gov Helpline at 800-518-4726 or email [email protected].