WASHINGTON – Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced the awardees for the 2023 Program for Investment in Microentrepreneurs(PRIME) grant awards.
“SBA PRIME grants support nonprofit organizations that are on the ground locally providing assistance to small businesses so they can get capital ready and access funding to start and grow resilient businesses,” said Administrator Guzman. “With these 32 community partners, the Biden-Harris Administration is helping to eliminate barriers and fill capital gaps for small businesses, especially in underserved communities, so they can access opportunities as we Invest in America.
This year’s $8 million PRIME grant awards will provide funding and support to 32 organizations across America, offering training, technical assistance, access to capital, and program development for disadvantaged microentrepreneurs and microenterprise development organizations. Guided by the Biden-Harris Administration’s Investing in America agenda, the SBA placed special emphasis on organizations that support entrepreneurs in rural areas and deliver in-language technical assistance to diverse rural-owned small businesses.