Commerce international · 10/02/19941 min de lecture

Business Development Center Applications: Newark/Jersey City (Service Area)

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In accordance with Executive Order 11625, and 15 U.S.C. 1512, the Minority Business Development Agency (MBDA) is soliciting competitive applications under its Minority Business Development Center (MBDC) program. The total cost of performance for the first budget period (12 months) from July 1, 1994 to June 30, 1995 is estimated at $521,516. The total Federal Amount is $443,289 and is composed of $432,477 plus the Audit Fee Amount of $10,812. The application must include a minimum cost share of 15% ($78,227 of the total project cost through non-Federal contributions. Cost-sharing contributions may be in the form of cash contributions, client fees, in-kind contributions or combinations thereof. The MBDC will operate in the Newark/Jersey City, N.J. geographic service area. The funding instrument for the MBDC will be a cooperative agreement. Competition is open to individuals, non-profit and for- profit organizations, state, and local governments, American Indian tribes and educational institutions. The MBDC Program provides business development services to the minority business community to help establish and maintain viable minority businesses. To this end, MBDA funds organizations t