Program for Investment in Micro-Entrepreneurs Technical Assistance

by: Iola Bonggay

The Small Business Administration, otherwise referred to as SBA, is the leading United States government agency that is greatly dedicated to providing support to entrepreneurs and small business enterprises.

The SBA's efforts are guided by their overall agency mission, which is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters."

In keeping with all its programs and objectives, the Small Business Administration constituted the Program for Investment in Micro-Entrepreneurs(PRIME) Technical Assistance.

The Program for Investment in Micro-Entrepreneurs Technical Assistance Program is designed to decrease the number of disadvantaged micro-entrepreneurs by helping them enhance their management capabilities, by way of providing them with technical assistance and training in the areas concerning activities that are associated with starting, expanding and growing their businesses.

The PRIME Technical Assistance Program also aims to provide training and capacity building services to various low-income entrepreneurs in order to help them gain access to more capital and help them expand their businesses.

  (continued...)

Program for Investment in Micro-Entrepreneurs Technical Assistance
  Page 2

About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Small Business Grants

Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.

---

Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.

---

Small Business Innovation Research Phase IIB Bridge Awards
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.

---

Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.

---