The Small Business Administration today (February 5) has announced a funding opportunity for a firm to provide 7(j) Management and Technical Assistance Services, identifying $ 1,490,000 for investment.
To be eligible for 7(j) services, a client must be: a socially and economically disadvantaged individual whose firm is a participant in the 8(a) Business Development Program; a business that is eligible to receive 8(a) contracts; or a business which qualifies as small under 13 CFR subpart 121 – Small Business Size Regulations; and that is located in an urban or rural area with a high proportion of unemployed or low-income individuals, or which is owned by such low-income individuals. The term “high proportion of unemployed” means the urban or rural county's unemployment rate is not less than 140 percent of the average unemployment rate for the United States or for the State in which such county is located, whichever is less, based on the most recent data available in the annual Local Area Unemployment Statistics report from the U.S. Department of Labor, Bureau of Labor Statistics. The term "low-income individual" means an individual whose family's taxable income for the preceding year did not exceed 150 percent of the poverty level amount established by the Bureau of the Census, U.S. Department of Commerce, for determining poverty status.
Applicants selected for awards under this announcements are required to maximize their efforts to leverage SBA funding by working in conjunction with SBA’s District Offices and other federal, state, local and tribal governments, small business development programs and activities; SBA resource partners such as SCORE, Small Business Development Centers, Women’s Business Centers, Veterans Business Outreach Centers, 7(j) Technical Assistance providers, Small Business Investment Companies, Certified Development Companies, and SBA lenders; universities, colleges, and other institutions of higher education; and private organizations such as chambers of commerce and trade and industry groups and associations.
Applicants for funding must
- have been in existence continually for at least the past three years;
- have experience dealing with issues relating to small business on a national basis;
- demonstrate that it has the capacity to provide assistance to small business concerns.
The closing date for applications is February 20.
Full background and application requirements can be found at www.grants.gov (GCBD-7J-2018-01)