“ Dream Fund Grant” means a seed fund grant of up to $10,000 distributed through the selected third-party administrator (i.e., the contractor) to eligible small business founders.Į. “ Nonprofit” includes an established business that has registered or intends to register as a 501c(3), 501c(4), 501c(6), or 501c(19) nonprofit that certifies that it is a mission-driven social enterprise.ĭ. For the purposes of this grant opportunity, a small business technical assistance center must be part of the 2021-22 SB TAEP network.Ĭ.
“ Small business technical assistance center” includes a federal small business technical assistance center or any established 501c(3) nonprofit community-based organization the mission of which includes economic empowerment of underserved microbusinesses or small businesses and entrepreneurs and that operates entrepreneurial or small business development programs which provide free or low-cost services to California’s underserved businesses and entrepreneurs to enable their launch and sustained growth. “ Small business” for the Dream Fund Program means a business with 5 employees or less and $1 million or less in annual receipts.ī. The Dream Fund provides approximately thirty-five million dollars ($35,000,000) in one-time grant funding to eligible small businesses ( start-ups) that have completed a training program through one of the 2021-22 SB TAEP awarded centers.ĭefinitions that pertain to this Program are provided below.Ī. The Office of the Small Business Advocate (CalOSBA) within the Governor’s Office of Business and Economic Development (GO-Biz) is charged with administering and providing oversight for SB TAEP.
SB TAEP was enacted in Government Code Section 12100-12100.69. The California Small Business Technical Assistance Expansion Program (SB TAEP) was created in 2018 to expand the services of federally awarded small business technical assistance programs that provide one-on-one, confidential, free, or low-cost consulting and training to small businesses and entrepreneurs in this state. 151 (Government Code Section 12100.63) to provide microgrants up to $10,000 to seed entrepreneurship and small business creation in underserved small business groups that are facing capital and opportunity gaps. The California Dream Fund Grant Program (CDFG or Dream Fund) was created in 2021 by Senate Bill No.