[Federal Register Volume 66, Number 103 (Tuesday, May 29, 2001)]
[Notices]
[Page 29200]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-13231]


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SMALL BUSINESS ADMINISTRATION


Program for Investment in Microentrepreneurs (PRIME); Notice of 
Funds Availability (NOFA) Inviting Applications for the PRIME Program

AGENCY: U.S. Small Business Administration.

ACTION: Notice of funds availability (NOFA) inviting applications.

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SUMMARY: The Program for Investment in Microentrepreneurs Act of 1999 
(Pub.L. 106-102), enacted November 12, 1999, (``the Act'') authorizes 
the U.S. Small Business Administration (``SBA'') to award grants under 
the Program for Investment in Microentrepreneurs (PRIME) Program. The 
Acting Administrator of the SBA invites applications for selection as a 
participating grantee under the PRIME Program. The Final Rule (13 CFR 
part 119) published in today's Federal Register provides guidance on 
the contents of the necessary application materials, evaluation 
criteria and other program requirements. Applicants for selection as a 
participating grantee can find more detailed application content 
requirements in the PRIME program announcements, that are available on 
SBA's website at: http://www.sba.gov/financing/frprime.html
    SBA expects to award grants of up to $250,000 to a minimum of 60 
PRIME Program participants. A total of $15 million is available for 
this purpose. SBA reserves the right to select and fund some, all, or 
none of the applicants for participation in the PRIME program.

DATES: Applications may be submitted to SBA immediately. The deadline 
for receipt of an application is 4:00 p.m. EST on June 28, 2001. 
Applications received in SBA's offices after that date and time, with 
the exception of mailed applications as indicated in the Program 
Announcements, will be rejected and returned to the sender.

ADDRESSES: Applications must be sent to U.S. Small Business 
Administration, Office of Procurement and Grants Management, 409 3rd 
Street, SW, Washington, DC 20416, Attn: Mina Bookhard, Agreement 
Officer. Applications sent electronically or by facsimile will not be 
accepted.

FOR FURTHER INFORMATION CONTACT: If you have any questions about the 
requirements for this program or application procedures, or if you are 
unable to access the application via the internet, contact Warren Boyd, 
Jaunice Cromer, or Felicia Smith at the SBA Microenterprise Development 
Branch, 202-205-6485. Applications may be downloaded from SBA's web 
site at: http://www.sba.gov/financing/frprime.html

    Program Authority: Program for Investment in Microentrepreneurs 
Act, Pub. L. No. 106-102, and 13 CFR part 119.

    Dated: May 21, 2001.
Jeanne Sclater,
Acting Associate Deputy Administrator, Office of Capital Access.
[FR Doc. 01-13231 Filed 5-25-01; 8:45 am]
BILLING CODE 8025-01-P