How to gain more from operational risk management practices.
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SBA announces $5.5M in PRIME grants
The SBA has announced that 30 organizations across the country that assist disadvantaged entrepreneurs are set to receive nearly $5.5 million in grants from its Program for Investment in Micro-Entrepreneurs (PRIME). The SBA has placed emphasis on projects that will offer training and technical assistance to strengthen economically disadvantaged businesses, particularly those that service entrepreneurs in Opportunity Zones, rural areas, and HUBZones. The PRIME grants range from $75,000 to $250,000, and typically require at least 50 percent in matching funds or in-kind contributions. In total, over 120 organizations applied for PRIME grants for 2020.