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Capital Infusion Program (CIP)

Governor's Office of Business and Economic Development · 6409

Eligibility details

Applications may only be submitted by California SBDC Lead Centers as one consolidated application per SBDC region.

Matching funds & resources

Source matching-funds field: 100%.

Matching funds and leveraged resources are different requirements. Read the description and reviewed rules below before determining resource commitments.

About this opportunity

The California Small Business Technical Assistance Expansion Program (SB TAEP or Program) was created in 2018 to expand the capacity of federal small business technical assistance programs in California. The Program was enacted in Government Code Section 12100.60-12100.69. The California Office of Small Business Advocate (CalOSBA) at the Governor’s Office of Business and Economic Development (GO-Biz) is charged with implementing and administering the Program. For the 2021/22 fiscal year, the state budget includes $20 million General Fund to establish programs (CIP and TAEP) to provide funding to augment existing small business services such as free or low-cost one-on-one consulting and low-cost training. Of that amount, $3 million is provided each year, for five years for Small Business Development Centers' local cash match funding. This grant announcement (Announcement) is to invite proposals from a Small Business Development Center (SBDC) Network Lead Center in the State of California to assist small businesses and entrepreneurs to obtain access to capital to fund business consulting services. Applications from Lead Centers should include subcenter funding proposals and be submitted as one consolidated application per SBDC region. Only applications that are submitted by SBDC Lead Centers will be considered for funding. SBDC grantees should leverage their state funding to draw down SBA funds and work in conjunction with other resource partners such as CA iHub partners, SCORE, Women’s Business Centers, Veteran Business Outreach Centers, Procurement Technical Assistance Centers, minority business programs and institutions of higher educations, private organizations, chambers of commerce, trade and industry groups and associations that are committed to the growth and success of small business.

Funding geography: Applications may only be submitted by California SBDC Lead Centers as one consolidated application per SBDC region.

Funding instrument: Grant. Issuing jurisdiction: California. This is not a geographic eligibility determination.