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Women's Business Ownership Assistance

Published on AidPage by IDILOGIC on Jun 24, 2005

Administered by:

US Federal Government Agency (see all agencies)
Small Business Administration
CFDA #: 59.043

Assistance considerations...

Length and Time Phasing of Assistance

The annual performance period begins July 1 and ends June 30 of the following calendar year. Successful projects may be funded through a 5-year term without recompetition.

Formula and Matching Requirements

Of the appropriation made available to the WBC program, administrative costs ranges from 1.6 to 2 percent from fiscal years 2000 through 2003. During that period, the following percentages must be reserved for sustainability awards: (1) for Federal fiscal year 2000, 17%; (2) for fiscal year 2001, 18.8%; (3) for fiscal year 2002, 30.2%; (4) for fiscal year 2003, 30.2%. Remaining program funds must be issued to annually award recipients of new and continuing projects. The recipient organization must obtain cash contributions from nonfederal sources to match the Federal award. Up to one-half of the nonfederal matching assistance may be in the form of in-kind contributions. The match requirement for recipients through the 5-year term is as follows: one nonfederal dollar for each two Federal dollars in the first and second years; and one nonfederal dollar for each Federal dollar in the third, fourth and fifth years. The match requirement for sustainability awards is One nonfederal dollar for each Federal dollar each year through the 5-year term. The Administration may disburse up to 25 percent of each year's Federal share awarded to a recipient organization after notice of the award has been issued and before the nonfederal sector matching funds are obtained.

Note:
A formula may be based on population, per capita income, and other statistical factors. Applicants are informed whether there are any matching requirements to be met when participating in the cost of a project. In general, the matching share represents that portion of the project costs not borne by the Federal government. Attachment F of OMB Circular No. A-102 (Office of Management and Budget) sets forth the criteria and procedures for the evaluation of matching share requirements which may be cash or in-kind contributions made by State and local governments or other agencies, institutions, private organizations, or individuals to satisfy matching requirements of Federal grants or loans.

Cash contributions represent the grantees' cash outlay, including the outlay of money contributed to the grantee by other public agencies, institutions, private organizations, or individuals. When authorized by Federal regulation, Federal funds received from other grants may be considered as the grantees' cash contribution.

In-kind contributions represent the value of noncash contributions provided by the grantee, other public agencies and institutions, private organizations or individuals. In-kind contributions may consist of charges for real property and equipment, and value of goods and services directly benefiting and specifically identifiable to the grant program. When authorized by Federal legislation, property purchased with Federal funds may be considered as grantees' in-kind contribution.

Maintenance of effort (MOE) is a requirement contained in certain legislation, regulations, or administrative policies stating that a grantee must maintain a specified level of financial effort in a specific area in order to receive Federal grant funds, and that the Federal grant funds may be used only to supplement, not supplant, the level of grantee funds.