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Business Incubator Assistance Program (BIAP)
The purpose of the Business Incubator Assistance Program (BIAP) is to provide cost-effective business support services and resources to new and growing microenterprise businesses under one roof by offering a wide range of business training, support programs, flexible leases, networking opportunities, and shared equipment in a professional setting. The primary goals of the BIAP are sustaining existing microenterprise businesses and attracting new microenterprise businesses into low- and moderate-income communities.
Effective for FY 2013, all small businesses receiving CDBG assistance from Business Incubators shall agree to apply to become certified as a Miami-Dade County Green business. Businesses seeking green certification should be directed to the following website: http://www.miamidade.gov/green/business-certification.asp.
Please note, however, that failure to meet the criteria for certification as a Green business shall not disqualify the business from receiving assistance from a CDBG-funded program. This strategy will allow small businesses to learn about and implement sustainable business practices in their day-to-day operations.
- Application Requirements
- National Objective
- Program Objectives
- Eligible Applicants
- Eligible Participants
- Ongoing Responsibilities and Monitoring
The CDBG National Objective of the Business Incubator Assistance Program is Low-Mod Jobs (LMJ, 24 CFR 570.208(a)(4)). Federal regulations require that one job be created for every $35,000 awarded.Back to Top
Proposals from qualified Business Incubator operators to implement a BIAP using CDBG funds provide business support services and resources that include, but are not limited to:
- Providing business planning and business development training (must use an established curriculum);
- Assisting microenterprises with technical assistance and other business operations related support;
- Assisting microenterprises in securing loans, grants, and other financial resources;
- Providing office space, conference room, and equipment; Facilitating networking opportunities;
- Assisting microenterprises with developing and implementing a business plan;
- Providing affordable workspace and business support services to microenterprises;
- Growing new microenterprises;
- and Expanding the availability of services to businesses in the County’s NRSAs, Eligible Block Groups (EBGs), and Enterprise Zones through an established marketing plan.
The activity location must have at least 500 square feet of commercial office space specifically dedicated to the microenterprise businesses. Eligible applicants must meet all the requirements listed below:
- Must be a Business Incubator for at least three (3) years;
- Must be able to provide space to “house” a minimum of five (5) microenterprises for a minimum of three (3) years;
- Must be located in one of the following designated areas:
- Neighborhood Revitalization Strategy Area (NRSA)
- Enterprise Zone
- CDBG Eligible Block Groups
- Must be able to provide proof that at least 51% of the jobs created will employ low-to-moderate income persons. Federal regulations require the creation of one job per $35,000 awarded;
- Must demonstrate that once a job is created, that it is sustained for a period of not less than one (1) year;
- Must have an established business development curriculum;
- Must be able to provide essential business development services and resources;
- Must have operational office equipment (e.g., computers, internet access, fax, copier, telephones, etc.) for use by the microenterprises;
- Must adhere to a mandatory intake process; and
- Must provide a marketing plan to demonstrate outreach efforts and how services will be promoted in the NRSAs and Eligible Block Groups (EBGs).
Eligible microenterprises participating in the Business Incubator Assistance Program must meet CDBG guidelines referenced in 24 CFR 570.201(o), which defines microenterprise as a commercial enterprise that has five or fewer employees, one or more of whom owns the enterprise. The microenterprise must also be established in a low-to-moderate income neighborhood, as defined in [24 CFR 570.208(a)(1).]Back to Top
Ongoing Responsibilities and Monitoring
The awarded agencies must provide on-going essential business operation services for new and growing microenterprises in low-to-moderate income neighborhoods.
The awardees must be able to provide a physical incubator facility to house a minimum of five (5) microenterprises (for a term of no more than three (3) years per business) and have the capacity and resources to serve microenterprises functioning at various stages of development.
The awardees must document and maintain records of the training, technical assistance, and all other business operation support services carried out for eligible participants for five (5) years after the US HUD National Objective is met.
The Business Incubator Assistance Program will be monitored through quarterly progress reports and annual site visits pursuant to CDBG requirements.Back to Top Back to Top Back to Top Page Last Edited: Mon Jun 3, 2013 11:14:11 AM
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