Regulacje i polityka gospodarcza · 23/12/1996

Minority Business Development Agency; Notice

In accordance with Executive Order 11625 and 15 U.S.C. 1512, the Minority Business Development Agency (MBDA) is soliciting competitive applications to operate its Baltimore, Maryland Minority Business Development Center (MBDC). The purpose of the MBDC Program is to provide business development assistance to persons who are members of groups determined by MBDA to be socially or economically disadvantaged, and to business concerns owned and controlled by such individuals. To this end, MBDA funds organizations to identify and coordinate public and private sector resources on behalf of minority individuals and firms; to offer a full range of client services to minority entrepreneurs; and to serve as a conduit of information and assistance regarding minority business. In accordance with the Interim Final Policy published in the Federal Register on May 31, 1996, the cost-share requirement for the MBDC in this notice has been increased to 40%. The Department of Commerce will fund up to 60% of the total cost of operating an MBDC on an annual basis. The MBDC operator is required to contribute at least 40% of the total project cost (the ``cost-share requirement''). Cost- sharing contribution