§ 119.4 - What services or activities must PRIME grant funds be used for?

§ 119.4 What services or activities must PRIME grant funds be used for?

Cross Reference

Link to an amendment published at 85 FR 62951, Oct. 6, 2020.

A recipient of a PRIME grant (“grantee”) must use PRIME grants to -

(a) Provide training and technical assistance to disadvantaged microentrepreneurs (“Technical Assistance Grant”);

(b) Provide training and capacity building services to microenterprise development organizations and programs to assist them to develop microenterprise training and services (“Capacity Building Grant”);

(c) Aid in researching and developing the best practices in the field of microenterprise development and technical assistance programs for disadvantaged microentrepreneurs (“Research and Development Grant”); or

(d) Conduct such other activities as the Administrator or designee determines to be consistent with the purposes of the Act (“Discretionary Grant”).