§ 656.
(b)
Authority
The Administration may provide financial assistance to private nonprofit organizations to conduct 5-year projects for the benefit of small business concerns owned and controlled by women. The projects shall provide—
(1)
financial assistance, including training and counseling in how to apply for and secure business credit and investment capital, preparing and presenting financial statements, and managing cash flow and other financial operations of a business concern;
(2)
management assistance, including training and counseling in how to plan, organize, staff, direct, and control each major activity and function of a small business concern; and
(3)
marketing assistance, including training and counseling in identifying and segmenting domestic and international market opportunities, preparing and executing marketing plans, developing pricing strategies, locating contract opportunities, negotiating contracts, and utilizing varying public relations and advertising techniques.
(c)
Conditions of participation
(1)
Non-Federal contributions
As a condition of receiving financial assistance authorized by this section, the recipient organization shall agree to obtain, after its application has been approved and notice of award has been issued, cash contributions from non-Federal sources as follows:
(A)
in the first and second years, 1 non-Federal dollar for each 2 Federal dollars; and
(B)
in the third, fourth, and fifth years, 1 non-Federal dollar for each Federal dollar.
(2)
Form of non-Federal contributions
(3)
Form of Federal contributions
(4)
Failure to obtain non-Federal funding
(f)
Criteria
The Administration shall evaluate and rank applicants in accordance with predetermined selection criteria that shall be stated in terms of relative importance. Such criteria and their relative importance shall be made publicly available and stated in each solicitation for applications made by the Administration. The criteria shall include—
(1)
the experience of the applicant in conducting programs or ongoing efforts designed to impart or upgrade the business skills of women business owners or potential owners;
(2)
the present ability of the applicant to commence a project within a minimum amount of time;
(3)
the ability of the applicant to provide training and services to a representative number of women who are both socially and economically disadvantaged; and
(4)
the location for the women’s business center site proposed by the applicant.
([Pub. L. 85–536, § 2[29]], formerly § 2[28], as added [Pub. L. 102–191, § 2], Dec. 5, 1991, [105 Stat. 1589]; renumbered § 2[29] and amended [Pub. L. 103–403, title IV], §§ 411, 412, Oct. 22, 1994, [108 Stat. 4192], 4193; [Pub. L. 105–135, title III, § 308(a)], Dec. 2, 1997, [111 Stat. 2611]; [Pub. L. 106–17], §§ 2(a), 3, Apr. 6, 1999, [113 Stat. 27]; [Pub. L. 106–165], §§ 2–4(b), Dec. 9, 1999, [113 Stat. 1795–1798]; [Pub. L. 110–28, title VIII, § 8305(a)], (b), May 25, 2007, [121 Stat. 209], 210; [Pub. L. 111–240, title I, § 1401(b)], (c)(2), Sept. 27, 2010, [124 Stat. 2549], 2550; [Pub. L. 112–239, div. A, title XVI, § 1697(b)], Jan. 2, 2013, [126 Stat. 2091]; [Pub. L. 113–291, div. A, title VIII, § 825(c)], Dec. 19, 2014, [128 Stat. 3438].)