Opportunity Information: Apply for SB OEDSB 24 002
OSBDC-2024-02 (Funding Opportunity Number: SB OEDSB 24 002) is a Small Business Administration (SBA) discretionary funding opportunity that uses a cooperative agreement to support the operation of a Small Business Development Center (SBDC) Program. The focus of the award is to fund an organization that will deliver hands-on, individualized business advising and technical assistance to both existing small businesses and pre-venture entrepreneurs. In practice, this means the funded SBDC program is expected to provide high-quality, professional guidance tailored to the needs of local clients, rather than one-size-fits-all training.
The core purpose of the program is to strengthen small businesses by offering problem-solving support across the areas that most often determine whether a business can start, stabilize, and grow. That includes helping entrepreneurs and small business owners access capital, refine business planning and strategy, and improve day-to-day operations. It also emphasizes support in financial management, personnel administration, marketing, sales, export assistance, and assistance related to developing and exchanging new technologies. The overall intent is to help businesses expand, improve management capability, increase productivity, and drive innovation, which collectively supports broader economic development outcomes.
Eligibility is limited to organizations defined in the opportunitys Section 3.2. Based on the posted eligibility categories, applicants may include private institutions of higher education and other entities as further clarified in the funding notice (specifically in the additional eligibility information referenced in the listing). The opportunity is administered by the SBA under CFDA/Assistance Listing 59.037 and falls within the Business and Commerce activity category.
Key funding details include an award ceiling of $777,777, with one expected award. The opportunity was created on Aug 11, 2023, with an original application closing date of Sep 15, 2023. Because it is a cooperative agreement rather than a standard grant, applicants should expect substantial involvement from the SBA in areas such as program oversight, performance expectations, and coordination, consistent with how federal cooperative agreements typically function.Apply for SB OEDSB 24 002
- The Small Business Administration in the business and commerce sector is offering a public funding opportunity titled "OSBDC-2024-02" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 59.037.
- This funding opportunity was created on Aug 11, 2023.
- Applicants must submit their applications by Sep 15, 2023 No Explanation. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $777,777.00 in funding.
- The number of recipients for this funding is limited to 1 candidate(s).
- Eligible applicants include: Private institutions of higher education, Others (see text field entitled Additional Information on Eligibility for clarification).
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FAQs: OSBDC-2024-02 (Funding Opportunity Number: SB OEDSB 24 002)
What is OSBDC-2024-02 (SB OEDSB 24 002)?
OSBDC-2024-02 (Funding Opportunity Number: SB OEDSB 24 002) is a U.S. Small Business Administration (SBA) discretionary funding opportunity that uses a cooperative agreement to support the operation of a Small Business Development Center (SBDC) Program.
What is the main goal of this funding opportunity?
The main goal is to fund an organization that will deliver hands-on, individualized business advising and technical assistance to existing small businesses and pre-venture entrepreneurs, with the broader intent of strengthening small businesses and supporting economic development outcomes.
What kind of services is the funded SBDC program expected to provide?
The funded SBDC program is expected to provide high-quality, professional guidance tailored to local client needs. The emphasis is on individualized advising and problem-solving support rather than one-size-fits-all training.
Who are the intended clients of the SBDC services supported by this award?
The intended clients include both existing small businesses and pre-venture entrepreneurs (people who are preparing to start a business but have not fully launched yet).
What business areas does the opportunity emphasize for advising and technical assistance?
The opportunity emphasizes support in the areas that commonly determine whether a business can start, stabilize, and grow, including:
- Access to capital
- Business planning and strategy
- Day-to-day operations improvement
- Financial management
- Personnel administration
- Marketing and sales
- Export assistance
- Assistance related to developing and exchanging new technologies
What outcomes is this program intended to support?
The intent is to help businesses expand, improve management capability, increase productivity, and drive innovation. Collectively, these outcomes are meant to support broader economic development.
Is this a grant or a cooperative agreement?
This opportunity uses a cooperative agreement rather than a standard grant.
What does it mean that the award is a cooperative agreement?
Because it is a cooperative agreement, applicants should expect substantial involvement from the SBA. The notice indicates this can include involvement in areas such as program oversight, performance expectations, and coordination, consistent with how federal cooperative agreements typically function.
Who is eligible to apply?
Eligibility is limited to organizations defined in the opportunity's Section 3.2. Based on the posted eligibility categories, applicants may include private institutions of higher education and other entities as further clarified in the funding notice (including additional eligibility information referenced in the listing).
Where is eligibility specifically defined in the opportunity?
Eligibility is defined in Section 3.2 of the opportunity, with further clarification referenced in the funding notice under additional eligibility information.
Which federal agency administers this opportunity?
The opportunity is administered by the U.S. Small Business Administration (SBA).
What is the Assistance Listing (CFDA) number for this program?
The CFDA/Assistance Listing number is 59.037.
What activity category does this opportunity fall under?
This opportunity falls within the Business and Commerce activity category.
What is the maximum funding amount (award ceiling)?
The award ceiling is $777,777.
How many awards are expected?
One award is expected.
When was this opportunity created?
The opportunity was created on Aug 11, 2023.
What was the original application closing date?
The original application closing date was Sep 15, 2023.
Does the opportunity description suggest a preference for individualized advising over training events?
Yes. The description specifically highlights hands-on, individualized advising and technical assistance, and it contrasts that approach with one-size-fits-all training.
What types of business support are explicitly mentioned related to growth and innovation?
The opportunity explicitly mentions export assistance and assistance related to developing and exchanging new technologies, in addition to broader support such as improving productivity, management capability, and innovation.
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