The SBA will award $5 million in grant funding to assist undersized firms compete for large contracts. The grant recipients will be asked to find teaming partners to bid on large contracts with them. This will include identifying the team, preparing proposals and submitting the bids.

“The Small Business Jobs Act provides critical resources to help small businesses continue to drive economic recovery and create jobs,“ SBA Administrator Karen Mills said.  “The teaming pilot program will help put contract dollars into the hands of small businesses, create job opportunities through the teaming arrangements, help drive innovation and promote economic growth for our nation’s economy.”

The SBA is projecting to make 10 – 20 grant award of $250,000 - $500,000 for FY 2011. The awards will have a base project period of one (1) year, with four (4) option 12-month extensions. Applicants must:

• Private entity – profit or nonprofit
•  At least 3 years old
• Must have experience working with small business issues on a national level

The organizations that are awarded the grants will be required to coordinator their own assistance with the agency’s district offices and other federal, state, local and tribal government small business development programs.

All grants proposals must be submitted through the federal website www.grants.gov by Friday, February 25, 2011.