The SBA Community Navigator Pilot Program offers funding to nonprofits, state and local governments, universities, and tribal entities to partner with SBA at the center of a hub and spoke network.
As the awardee, the Idaho Hispanic Foundation will act as the hub for this grant. As a spoke, the Idaho SBDC’s role is to work with individuals in Idaho’s entrepreneurial community to help gain access to capital, procure government contracts, assist in marketing, operations, business development, and exporting. Idaho SBDC’s consultants will meet businesses where they are and work with entrepreneurs to recover from the economic downturn and continue to grow.
While all small businesses are eligible, Community Navigator specifically acknowledges disadvantaged business entities and other underserved segments as priorities for economic recovery efforts. The Idaho SBDC is excited to participate in this program as out of 502 applications, only 51 awards were selected for funding. The Idaho SBDC will work alongside and report to the Idaho Hispanic Foundation to contribute to quarterly reports throughout the performance period of December 1, 2021 – November 30, 2023.
On Wednesday, November 17, many of Idaho’s nonprofits gathered at JUMP (Jack’s Urban Meeting Place) in Boise to hear from US Small Business Administration, Assistant Administrator for the Office of Women’s Business Ownership, Natalie Madeira Cofield. She expressed positivity for small business owners as new programs are being designed for the underserved in mind. The Community Navigator is one of those programs stemming from the Rescue Act passed in late 2020. A 100 million dollar investment in assisting small business owners across the nation.