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2020-21 CIP Program Announcement

Grantor:
Governor's Office of Business and Economic Development
Portal ID:
2022
Status:
Closed (5 total applications submitted)
Open Date:
7/13/20 12:00
Opportunity Type:
  • Grant
Last Updated:
Categories:

Details

Purpose:

The purpose of this grant is to help small businesses and entrepreneurs navigate the financing landscape and successfully access the funding they need to operate and/or expand their businesses.  Challenges in accessing capital remain a barrier to growth for the state’s small business base.  Funding for the program is made available through the State of California, and the CalOSBA at GO-Biz is responsible for administration of the grant.

Description:

This grant announcement (Announcement) is to invite proposals from a Small Business Development Center (SBDC) Network Lead Center in the State of California to assist small businesses and entrepreneurs to obtain access to capital to fund business consulting services. Applications from Lead Centers should include subcenter funding proposals and be submitted as one consolidated application per SBDC region.  Only applications that are submitted by SBDC Lead Centers will be considered for funding.

SBDC grantees should leverage their state funding to draw down SBA funds and work in conjunction with other resource partners such as CA iHub partners, SCORE, Women’s Business Centers, Veteran Business Outreach Centers, Procurement Technical Assistance Centers, minority business programs and institutions of higher educations, private organizations, chambers of commerce, trade and industry groups and associations that are committed to the growth and success of small business.

Eligibility Requirements

Eligible Applicants:

  • Business

Federally contracted Small Business Administration (SBA) Small Business Development Centers (SBDCs) in California

Matching Funding Requirement:

Awards require a 1:1 match of SBA funds. For each grantee, the spenddown of the GO-Biz grant and SBA funds must reflect a cumulative 1:1 ratio at the end of the second quarter (mid-year) and the fourth quarter (year-end).

Important Dates

The date (and time, where applicable) by which all applications must be submitted to the grantmaker. Time listed as “00:00” equates to midnight.
The date on which the grantor expects to announce the recipient(s) of the grant.
September 9, 2020
The length of time during which the grant money must be utilized.
October 1, 2020 - September 31, 2021

Funding Details

The total projected dollar amount of the grant.
$3,000,000
A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display.
5
Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display.
$251,100 – $1,008,900
Certain grants require that the recipient(s) provide a letter of intent.
No
Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
100%
The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number.
  • State
The manner in which the grant funding will be delivered to the awardee. Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly).
  • Reimbursement(s)

Funding Method Notes:

The Lead Center must submit to CalOSBA an electronic version of the quarterly invoices for all grantees in their region within 45 days after completion of the quarter.  If the 45th calendar day occurs on a weekend or U.S. Federal/State holiday, the report should be submitted the first working day after the weekend or U.S. Federal/State holiday.

How to Apply

State agencies/departments recommend you read the full grant guidelines before applying.

Resources

For questions about this grant, contact:
1-916-322-0578, sbtaep@gobiz.ca.gov

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