Program for Investment in Microentrepreneurs (PRIME)
At a glance
Program for Investment in Microentrepreneurs (PRIME) is a closed federal grant opportunity from the Small Business Administration. The application deadline was June 1, 2018. Individual awards are listed as $50K – $250K, with about 35 awards expected and $5M in total estimated funding. Applicant types listed as eligible include others (see notice). Cost sharing or matching is required. It is funded under Assistance Listing 59.050 (Prime Technical Assistance).
Summary assembled from the official notice's fields. The official notice governs.
Key facts
- Posted
- May 1, 2018
- Close date
- Jun 1, 2018
- Award floor
- $50,000
- Award ceiling
- $250,000
- Est. total funding
- $5,000,000
- Expected awards
- 35
- Cost sharing
- Required
- Funding instrument
- Grant
- Opportunity category
- Discretionary
Who can apply
- Others (see notice)
Additional information on eligibility (from the notice)
See Funding Opportunity
Based on the published notice. Review the official notice for complete eligibility requirements.
What it funds
Official synopsis as published by the agency, formatted for readability.
The Program for Investment in Microentrepreneurs Act of 1999 (the PRIME Act) became law on November 12, 1999 with the passage of Pub. L. No. 106-102 (15 U.S.C. § 6901 note). The PRIME Act authorizes the SBA Administrator to establish a program for the purposes of: (i) providing training and technical assistance to disadvantaged entrepreneurs; (ii) providing training and capacity building assistance to microenterprise development organizations (MDOs) and programs; (iii) aiding in Research and development of best practices for microenterprise and technical assistance programs for disadvantaged entrepreneurs; and (iv) for other activities as the SBA Administrator determines. This year, SBA will give additional consideration to those applicants that (1) provide training and technical assistance to economically disadvantaged entrepreneurs in rural areas; and (2) training and technical assistance to support entrepreneurship in HubZones.
Since its establishment in 1953, SBA has served to aid, counsel, assist and protect the interests of small businesses. While SBA is best known for its financial support of small businesses through its many lending programs, the Agency also plays a critical role in providing funding to organizations that deliver training and technical assistance to small business concerns and nascent entrepreneurs to promote growth, expansion, innovation, increased productivity and management improvement.
Assistance Listing
What is an ALN?Reported obligations under ALN 59.050
Historical data · not a predictionAgency contact (as published)
Quick answers
Who is eligible to apply for “Program for Investment in Microentrepreneurs (PRIME)”?
The official notice lists these applicant types as eligible: Others (see notice). Additional restrictions may apply; review the full notice.
How much funding is available through “Program for Investment in Microentrepreneurs (PRIME)”?
Per the notice, individual awards are listed as $50k – $250k, total estimated program funding is $5,000,000 and the agency expects to make about 35 awards.
How do I apply for “Program for Investment in Microentrepreneurs (PRIME)”?
Applications are submitted through the official source, not through GrantsJunction. Open the official notice on Grants.gov (opportunity PRIME-2018-01), and review the full announcement and application package. Organizations applying through Grants.gov generally need an active SAM.gov registration and a Grants.gov account, which can take several weeks to set up.