Minority Business Enterprise Centers for Minority-Owned Businesses
Page 2

The Minority Business Development Agency has designed the Minority Business Enterprise Centers to provide clients with management and technical assistance, and the same time prohibit them from providing the clients with loans and financial assistance.

The MBDA is will enter into cooperative agreements with eligible applicants and can provide funds ranging from $155,000 to $400,375.

Institutions or organizations will be considered eligible to operate a Minority Business Enterprise Center if they are of the following:

a) Nonprofit organizations

b) For-profit firms

c) State and Local governments

d) Native American tribes

e) Educational institutions

The Catalog of Federal Assistance has outlined that the beneficiaries of the Minority Business Enterprise Centers include Americans, Native Americans, Aleuts, Asian Indians, Asian Pacific Americans, Eskimos, Hasidic Jews, Puerto Rican, and Spanish-Speaking Americans who owns minority businesses.

The Department of Commerce, the primary agency funding the MBEC program, is the country's principal agency responsible for ensuring the growth and development of the economy and technological advancements through vigilance in international and domestic trade policies.

In the fiscal years 2006 and 2007, the Minority Business Enterprise Centers was able to assist 4,254 clients and obtain a minimum of $614,269,965 in combined financings and contracts.

Minority Business Enterprise Centers for Minority-Owned Businesses
  Back to Page 1

About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Grants for Individuals

US Environmental Protection Agency offers Greater Research Opportunities Fellowship for Undergraduate Environmental Studies
This article is about the US Environmental Protection Agency's Greater Research Opportunities Fellowship for Undergraduate Environmental Studies

---

Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

---

National Endowment for the Arts Literature Fellowships in Poetry
The Literature Fellowship program will offer $25,000 grants in poetry to published creative writers that are capable of writing literary pieces, conduct research, travel, and work towards general career advancement activities.

---

Agriculture and Food Research Initiative: National Institute of Food and Agriculture Fellowships Grant Program
The Agriculture and Food Research Initiative grant program revolves around the premise of providing funds to both fundamental and applied research studies, education, and extension that would hopefully address concerns related to food and agricultural sciences.

---