19- 499 C.M.R. ch. 302, § 3
Current through 2024-51, December 18, 2024
Proposals must detail plans describing the assistance to be provided to Microenterprises. All proposals for grant funds must include the following:
A viable plan to provide Training and/or Technical Assistance to Microenterprises to Microenterprises, including how and to whom services would be marketed; Evidence that the market or target population for proposed service is under served; Evidence of broad based support from the community that the organization serves; Evidence of adequate and committed sources of operating capital; Description of the need for funding to provide Training and/or Technical Assistance to Microenterprises; A detailed budget for the funds; Evidence of 25% Leveraged Match required and sources of those funds; A memorandum of agreement between Community-based Partnerships specifying how the funds will be used and administered; A detailed scope of work identifying measurable outcomes that will be achieved as a result of receiving funds; and Demonstrated capacity to deliver services to Microenterprises.Preference will be given to Community-based Partnerships and to proposals that meet one or more of the following criteria:
Target aid to client businesses with five or fewer employees; Target aid to low-income individuals; Target aid to rural areas or areas of High Unemployment; Improving access to Training; Address needs of a targeted industry sector; Help develop businesses in downtown areas; and Provide collaborative solutions to addressing identified problems facing Microenterprises such as health insurance, employee training, and technology transfer.Funds cannot be used for capital expenses.
If grant is made for a two-year period, the second year funding is contingent upon Grantee meeting performance standards. Grantees must also submit a Report detailing the results of the program to be eligible for the remaining funds. Grantees must submit a Report at the end of the grant period detailing the program outcomes achieved as a result of the grant.
19- 499 C.M.R. ch. 302, § 3