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CRP Program
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The Minority Business Development Agency’s (MBDA) Capital Readiness Program (Program) was designed to help close the entrepreneurship gap between socially and economically disadvantaged individuals (SEDI) and non-SEDI. This program funded qualified organizations that had the expertise to provide technical assistance for entrepreneurs starting or scaling their businesses who was seeking various forms of capital.
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
Grantees must meet the performance goals and metrics that were outlined in their approved proposal that was submitted and evaluated in the alignment with the Notice of Funding Opportunity Announcement.
Grantees helped revive entrepreneurship in America after the devastation of the pandemic.
Grantees designed programs to entrepreneurs by providing them with the technical assistance to excel, thrive, and successfully secure growth capital.
Grantee provided the tools and technical assistance necessary for entrepreneurs to start their businesses; (2) helped accelerate the growth and scale of SEDI-owned businesses; (3) attracted place-based networks and capital opportunities; and (4) helped entrepreneurs secure access to capital or take advantage of other governmental (federal, state, or local) equity capital programs.
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
