Capital Infusion Program (CIP)

Portal ID:
6409
Status:
Active
Opportunity Type:
  • Grant
Last Updated:
 | 
Categories:

Details

Purpose:

This grant is ONLY open to Small Business Development Centers. This is NOT a grant for small businesses. 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. Funds are dedicated for the Small Business Development Centers (SBDCs) in Northern, Central, LA, Orange County Inland Empire, and San Diego and Imperial.

Description:

The California Small Business Technical Assistance Expansion Program (SB TAEP or Program) was created in 2018 to expand the capacity of federal small business technical assistance programs in California.  The Program was enacted in Government Code Section 12100.60-12100.69.  The California Office of Small Business Advocate (CalOSBA) at the Governor’s Office of Business and Economic Development (GO-Biz) is charged with implementing and administering the Program. 

For the 2021/22 fiscal year, the state budget includes $20 million General Fund to establish programs (CIP and TAEP) to provide funding to augment existing small business services such as free or low-cost one-on-one consulting and low-cost training. Of that amount, $3 million is provided each year, for five years for Small Business Development Centers' local cash match funding.

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:

  • Other

Applications may only be submitted by California SBDC Lead Centers as one consolidated application per SBDC region.

Eligible Geographies:

Applications may only be submitted by California SBDC Lead Centers as one consolidated application per SBDC region.

Important Dates

Application deadline The date (and time, where applicable) by which all applications must be submitted to the grantor.
Ongoing
Expected award announcement The date on which the grantor expects to announce the recipient(s) of the grant.
September 10, 2021
Period of performance The length of time during which the grant money must be utilized.
12 months

Funding Details

Total estimated available funding The total projected dollar amount of the grant.
$3,000,000
Expected number of awards 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
Estimated amount per award 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.
Dependent
Letter of Intent Required? Certain grants require that the recipient(s) provide a letter of intent.
No
Requires Matched Funding? Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
100%
Funding Source: 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

Funding Source Notes:

The Program was enacted in Government Code Section 12100.60-12100.69.  The California Office of Small Business Advocate (CalOSBA) at the Governor’s Office of Business and Economic Development (GO-Biz) is charged with implementing and administering the Program. 

Funding Method: 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)

How to Apply

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

Resources

For questions about this grant, contact:
Jean Coleman, 1-916-322-0694, sbtaep@gobiz.ca.gov