BUSINESS ACCELERATOR GRANT

Mountain Area Workforce Development Board is opening our Business Accelerator Grant for applications.

> Call for Submission of Grant Applications

> Business Accelerator Grant Guidelines 8-20-21

> Attachment A: Business Accelerator Grant Pre-Application Questionnaire

> Attachment B-1: Business Accelerator Application (One Business)

> Attachment B-2: Business Accelerator Application (Multiple Businesses)

 

  • The Business Accelerator Grant for incumbent worker training is a competitive training grant through which qualifying businesses can address employees’ skills gaps. These skills gaps can be a result of a worker’s changing responsibilities/requirements in her/his job, or for a worker whose job may potentially be eliminated and skill upgrading is needed to accept new responsibilities. The training should result in increased knowledge/skills for the employee and increase the stability and competitiveness of the employer.  Training that provides a significant step towards achieving an industry-recognized certification/credential is important.
  • North Carolina for-profit and not-for-profit businesses located in the four counties of Mountain  Area (Buncombe, Henderson, Madison & Transylvania Counties) that have been in operation in the Mountain Area for at least one year prior to submission of the application are eligible to apply. The business must have a W-2 employer-employee relationship with at least five or more employees prior to the application deadline.   Businesses that are current on all federal, state, and local tax obligations and are financially viable, are eligible to apply.
  • The Business Accelerator Grant is a cost reimbursement grant.  Businesses are reimbursed upon completion of the proposed training with required documentation.   Grants are awarded on a competitive basis and are dependent upon the availability of funding.  Mountain Area may commit up to $100,000 for PY 21 (July 1, 2021 – June 30, 2022).  The maximum grant amount is $10,000 per grant.  There are up to two grant application cycles per program year.  The grant recipient must be reimbursed in full before another grant application can be submitted.  There is no maximum lifetime limit at this time, but one may be established based upon future funding availability.
  • The Business Accelerator Grant is administered by the Mountain Area Workforce Development Board (MAWDB) with the application, information and guidelines provided by MAWDB.  Applications are submitted directly to the MAWDB. The Board may request additional information or establish supplemental provisions and requirements for the training grant applications.
  • For each program year, July 1 – June 30, the MAWDB will have funding available for the Business Accelerator Grant program.  Funding amounts may differ from program year to program year, based on federal allocations and funding is always pending availability.  Businesses should contact the Business Services Representative to inquire of funding availability and other requirements, including current program guidelines.  Each business awarded a grant will have one year, 365 calendar days, to complete training from the date that the contract is signed.

 

Application Process and Tentative Schedule:

Call for Pre-Assessment – Intent to apply is Required August 16 – Friday, September 3
Call for Applications August 30 – September 17, 2021; 4 pm
Required Zoom meeting for first-time applicants August 30 – September 3 – time TBD
Draft application Deadline September 17, 2021; 4 pm
Final Application Deadline October 1, 2021; 4 pm
Application Review October 4 – October 22, 2021
Award Announcement October 27 – October 29, 2021
Deadline for Contracts December 31, 2021

 

All applications will be reviewed by the Workforce Board’s Grant Committee.  The Committee uses an assessment scoring system for each application.  The Committee will make recommendations to the Board on applications for funding.  After the Board approves the recommendations, the Business will be notified within 5 business day by email and/or phone.  The Business Services Representative will have 60 days from award notification to prepare the contract.  Payment for training or training that is conducted prior to the date of the dually signed contract can’t be reimbursed.

 

(This Business Accelerator Grant is funded by Title I WIOA federal funds as part of an award from the Employment and Training Administration, US Department of Labor as part of an award totaling $809,990. The total cost of the Business Accelerator Grant is up to $100,000 for PY21-22 with 0% financed from non-governmental sources.)

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