DATE: November 30, 2001

SUBJECT: Small Business Administration; Program for Investment in Microentrepreneurs

SOURCE: November 29, 2001, Small Business Administration News Release

AGENCIES: Small Business Administration (SBA)

ACTION: Notice

SYNOPSIS: SBA is initiating the Program for Investment in Microentrepreneurs (PRIME) to provide these low-income and very low-income entrepreneurs with access to more training and technical assistance.

FOR FURTHER INFORMATION CONTACT: Entrepreneurs and small business owners who may qualify to receive training or technical assistance under the PRIME program should contact a local SBA district office listed at http://www.sba.gov/services.

SUPPLEMENTAL INFORMATION: Under the PRIME program, the SBA provides federal funds to community-based, regional and national organizations that in turn will offer training and technical assistance to "microentrepreneurs" -- small businesses with five employees or less.

The Department of Commerce has estimated that more than two million businesses in the United States are microentrepreneurs, but only a fraction receives business assistance. The major focus of the PRIME program is business-based assistance to these microentrepreneurs, who usually lack sufficient training and education to gain access to capital to establish and expand their own small businesses.

During this inaugural year of the PRIME program, SBA is concentrating on economically distressed areas. The SBA has selected 69 organizations in 28 states to provide this service:

E.C. Schlarb FoundationBirminghamAL
AZ Council for Econo ConversionTucsonAZ
Interfaith Service BureauSacramentoCA
El Pajaro CDCWatsonvilleCA
Jefferson Econ Dev InstituteMt. ShastaCA
Renaissance Entrepshp. CenterSan FranciscoCA
Valley Econ Dev CntrVan NuysCA
Women's Enterp. Dev CorpLong BeachCA
Women's Econ VenturesSanta BarbaraCA
Asian Pacific Islander Small Bus Program (LTSC Corsort)Los AngelesCA
North Coast Small Business Resource CenterCresent CityCA
Vermont Slauson Econ Dev CorpLos AngelesCA
Pacific Asian Consortium (PACE)Los AngelesCA
West Enterprise Center, Inc.UkiahCA
Women's Initiatives for Self EmploymentSan FranciscoCA
New America FoundationBerkeleyCA
Colorado Capital InitiativesDenverCO
Women's Bus. Cntr, Inc.WashingtonDC
H St. Finance CorpWashingtonDC
Lee Cnty Emp. & Econ Dev. Corp.Fort MyersFL
Community Investments Inc.PensacolaFL
Florida Atlantic UniversityFt. LauderdaleFL
Cobb Microenterprise CouncilKennesawGA
Atlanta One Stop Capital ShopAtlantaGA
Maui Econ Opportunity & Bus Dev CorpWailukuHI
Pacific GatewayHonoluluHI
Institute for Social & Econo DevCoralvilleIA
Ida-Ore Planning and Dev Assoc. Inc.BoiseID
Community Ventures CorpLexingtonKY
Center for Women EnterpriseBostonMA
Jewish Vocational ServicesBostonMA
Western MA Enterprise FundGreenfieldMA
Women's Enterpreneurs of BaltimoreBaltimoreMD
Community Support for Micro OpportunitiesBangorME
Ann Arbor Center for Independent LivingAnn ArborMI
Detroit Enterpreneurship InstituteDetroitMI
Wayne Metro Community ServicesEcorseMI
University of MO Outreach & Extension SBDCColumbiaMO
Mountain Microenterprise FundAshevilleNC
Taos County Econ Dev CorpTaosNM
Worker Ownership Resource CenterRochesterNY
Rural Opportunities Enterprise CenterRochesterNY
Women's Housing and Econ Dev CorpNew YorkNY
Project EnterpriseNew YorkNY
Renaissance Econo Dev CorpNew YorkNY
Business Outreach Center Network, Inc. (a Consort.)BrooklynNY
Chinatown Manpower Project., Inc.New YorkNY
Alternatives Federal Credit UnionIthacaNY
Nat'l Foundation for Teaching EntrepreneurshipNew YorkNY
Supporting Council of Preventive EffortDaytonOH
WECO FUND Inc.ClevelandOH
Community Action Committee of Pike Cnty Inc.PiketonOH
Little Dixie Comm Action AgencyHugoOK
Oregon Assoc of Min EnterpreneursPortlandOR
Oregon Microenterprise NetworkEugeneOR
Philadelphia Commercial Develop. CorpPhiladelphiaPA
Philadelphia Develop. PartnershipPhiladelphiaPA
Women's Bus. Dev CntrPhiladelphiaPA
Economic Ventures, Inc.KnoxvilleTN
LeMoyne Owen College Community Dev CorpMemphisTN
Entrepreneurial Guidance and Training, Inc.NashvilleTN
Greater El Paso Chamber of CommerceEl PasoTX
Total Action Against PovertyRoanokeVA
People IncorporatedAbingonVA
Shorebank Enterprise Group PacificIlwacoWA
Appalachian by DesignLewisburgWV

FOR FURTHER INFORMATION CONTACT: Panoptic Enterprises at 703-451-5953 or by e-mail to Panoptic@FedGovContracts.com.

Copyright 2001 by Panoptic Enterprises. All Rights Reserved.

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