Action Subject to Intergovernmental Review, 44910-44912 [2016-16290]
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44910
Federal Register / Vol. 81, No. 132 / Monday, July 11, 2016 / Notices
mechanism of a free and open market
and a national market system.23
The Exchange has also proposed
procedures for publication of the preopening indications and proposed to
provide the Exchange CEO with the
power to temporarily suspend the
publication of pre-opening indications.
The Commission believes that the
Exchange’s proposed procedures for the
publication of pre-opening publications
are reasonably designed to ensure that
pre-opening procedures are more
expeditious. The Commission further
believes that providing the Exchange
CEO under certain circumstances with
the ability to temporarily suspend the
requirement for pre-opening
indications, as well as the price and
volume parameters surrounding
electronic openings by DMMs, is
reasonably designed to enhance the
ability of the Exchange to conduct
orderly openings (and reopenings)
under conditions of extreme marketwide volatility.
For the above reasons, the
Commission finds that the proposal, as
modified by Amendment Nos. 2 and 3,
is consistent with the requirements of
the Act.
IV. Solicitation of Comments on Partial
Amendment No. 3
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether Partial Amendment
No. 3 to the proposed rule change is
consistent with the Act. Comments may
be submitted by any of the following
methods:
sradovich on DSK3GDR082PROD with NOTICES
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
NYSE–2016–24 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Brent J. Fields, Secretary, Securities
and Exchange Commission, 100 F Street
NE., Washington, DC 20549–1090.
All submissions should refer to File
Number SR–NYSE–2016–24. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
23 The Commission also believes that providing
for more frequent dissemination of the Order
Imbalance Information to market participants
during the period immediately before the open
should assist the Exchange in conducting an orderly
opening auction.
VerDate Sep<11>2014
16:55 Jul 08, 2016
Jkt 238001
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE.,
Washington, DC 20549, on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change;
the Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–NYSE–
2016–24 and should be submitted on or
before August 1, 2016.
V. Accelerated Approval of Proposed
Rule Change, as Modified by
Amendments No. 2 and 3
The Commission finds good cause to
approve the proposed rule change, as
modified by Amendments No. 2 and 3,
prior to the 30th day after the date of
publication of notice of Partial
Amendment No. 3 in the Federal
Register. In Partial Amendment No. 3,
the Exchange: (1) Stated its belief that
securities with an average daily volume
of over 500,000 shares at the open
warrant manual openings because such
high volume is likely to involve blocksized trades and a manual opening
allows the Exchange’s Floor brokers to
solicit block-sized interest to participate
in the opening; (2) replaced the term
‘‘order’’ with ‘‘orderly’’ in proposed
NYSE Rules 15(d)(2) and
123D(1)(a)(B)(ii); (3) replaced the term
‘‘consult with’’ with the term ‘‘notify’’
in proposed NYSE Rules 15(f)(2)(B) and
123D(c)(2)(B) to describe the action the
CEO of the Exchange must take if a
determination is made to suspend the
requirements under those rules; and (4)
clarified that the filing’s previous
reference to ‘‘consult with’’ the Chief
Regulatory Officer (‘‘CRO’’) of the
Exchange did not intend to create a
requirement for the CEO of the
Exchange to obtain the CRO’s approval
to make a determination under
PO 00000
Frm 00073
Fmt 4703
Sfmt 4703
proposed NYSE Rules 15(f)(2)(B) and
123D(c)(2)(B).
The Commission believes that the
revisions proposed in Partial
Amendment No. 3 are designed to
clarify the meaning of the proposed
rules and do not raise any new novel
regulatory issues. Therefore, the
Commission finds that Partial
Amendment No. 3 is consistent with the
protection of investors and the public
interest. Accordingly, the Commission
finds good cause, pursuant to section
19(b)(2) of the Act,24 to approve the
proposed rule change, as modified by
Amendments No. 2 and 3, on an
accelerated basis.
VI. Conclusion
It is therefore ordered, pursuant to
section 19(b)(2) of the Act,25 that the
proposed rule change (SR–NYSE–2016–
24), as modified by Amendments No. 2
and 3, be, and hereby is, approved on
an accelerated basis.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.26
Brent J. Fields,
Secretary.
[FR Doc. 2016–16272 Filed 7–8–16; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
Action Subject to Intergovernmental
Review
U.S. Small Business
Administration.
ACTION: Notice of action subject to
intergovernmental review under
Executive Order 12372.
AGENCY:
The Small Business
Administration (SBA) is notifying the
public that it intends to fund grant
applications for 22 existing Small
Business Development Centers (SBDCs)
beginning October 1, 2016 subject to the
availability of funds. A description of
the SBDC program is contained in the
supplementary information below.
The SBA is publishing this notice at
least 90 days before the expected
funding date. The SBDCs mailing
addresses listed below are participating
in the intergovernmental review
process. A copy of this notice also is
being furnished to the respective State
single points of contact designated
under the Executive Order.
DATES: A State single point of contact
and other interested State or local
SUMMARY:
24 15
U.S.C. 78s(b)(2).
25 Id.
26 17
E:\FR\FM\11JYN1.SGM
CFR 200.30–3(a)(12).
11JYN1
Federal Register / Vol. 81, No. 132 / Monday, July 11, 2016 / Notices
entities may submit written comments
regarding funding of an SBDC within 30
days from the date of publication of this
notice. Please address any comments to
the relevant SBDC State Director listed
below.
44911
ADDRESSES:
ADDRESSES OF RELEVANT SBDC STATE DIRECTORS
Mr. Rande Kessler, SBDC State Director, University of Louisiana, Monroe 700, University Avenue, Admin 2–101, Monroe, LA 71209–6435,
(318) 342–5506.
Mr. Mike Bowman, SBDC State Director, University of Delaware, One
Innovation Way, Suite 301, Newark, DE 19711, (302) 831–4283.
Ms. Becky Naugle SBDC, State Director University of Kentucky, One
Quality Street, Lexington, KY 40507, (859) 257–7668.
Mr. Chris Bouchard, SBDC State Director, University of Missouri, 410
South Sixth Street, 200 Engineering North, Columbia, MO 65211,
(573) 884–1555.
Mr. John Osoinach, SBDC State Director, University of the Virgin Islands, 8000 Niskey Center, Suite 720, St. Thomas, USVI 00802–
5804, (340) 776–3206.
FOR FURTHER INFORMATION CONTACT:
sradovich on DSK3GDR082PROD with NOTICES
Vicky Mundt, Deputy Associate
Administrator, Office of Small Business
Development Centers, U.S. Small
Business Administration, 409 Third
Street SW., Sixth Floor, Washington, DC
20416.
SUPPLEMENTARY INFORMATION:
Description of the SBDC Program
Small Business Development Centers
(SBDCs) provide a wide array of
technical assistance to small businesses
and aspiring entrepreneurs supporting
business performance and sustainability
and enhancing the creation of new
businesses entities. These small
businesses in turn foster local and
regional economic development through
job creation and retention as a result of
the extensive one-on-one long-term
counseling, training and specialized
services they receive from the SBDCs.
The SBDCs are made up of a unique
collaboration of SB A, state and local
governments, and private sector funding
resources.
SBDCs provide clients with
professional business assistance
regarding business plans, market
research, financial preparation
packages, cash flow, and procurement
contracts. Special emphasis areas
include: Manufacturing; international
trade and export assistance; ecommerce; technology transfer;
assistance for veterans, both active duty
and personnel returning from
deployment; disaster recovery
assistance; IRS, EPA, and OSHA
regulatory compliance; as well as
research and development. Based on
client needs, business trends and
individual business requirements,
SBDCs modify their services to meet the
evolving needs through more than 900
local service delivery points across the
nation and all U.S. Territories.
VerDate Sep<11>2014
16:55 Jul 08, 2016
Jkt 238001
Ms. Kristina Oliver, SBDC State Director, West Virginia Development
Office, 1900 Kanawha Blvd., Capitol Complex, Building 6, Room
652, Charleston, WV 25305, (304) 558–2960.
Ms. Carmen Marti, SBDC Director, Inter American University of Puerto
Rico, 416 Ponce de Leon Avenue, Union Plaza, Seventh Floor, San
Juan, PR 00918, (787) 763–6811.
Ms. Rene Sprow, SBDC State Director, Univ. of Maryland, 7100 Baltimore Avenue, Suite 402, College Park, MD 20740, (301) 403–8300.
Ms. Lisa Shimkat, SBDC State Director, Iowa State University, 2321
North Loop Drive, Suite 202, Ames, IA 50010–8218, (515) 294–
2037.
SBDCs deliver these services to small
business concerns using an effective
education network of 63 Lead Centers
reaching out to both rural and urban
areas, serving entrepreneurs of all types
throughout a state or region. SBDCs can
be found in every U.S. state, the District
of Columbia, Guam, Puerto Rico,
American Samoa and the U.S. Virgin
Islands. SBDCs provide professional
business counseling free of charge along
with low cost training.
To reach the millions of small
businesses across the U.S., SBDC
assistance is available virtually
anywhere: From rural circuit riders in
Alaska to marine services in the Outer
Banks of North Carolina. Many centers
are located within or are co-located
with: Local economic development
entities; chambers of commerce;
Department of Defense’s Procurement
Technical Assistance Centers; The
Department of Commerce’s
Manufacturing Extension Partnership
sites; and community colleges. Some
SBDCs also have International Trade
Centers and some are classified by a
special emphasis on Technology.
Lead Center SBDCs hosts include:
• 49 University-sponsored Lead SBDCs
2 SBDC locations are located at
Historically Black Colleges and
Universities (Howard University in
Washington, DC and the University
of the Virgin Islands, U.S.V.I.)
• 7 Community college-sponsored Lead
SBDCs
Dallas-TX, OR, NM, AZ, San DiegoCA, Los Angeles, CA, and American
Samoa
• 7 State-sponsored Lead SBDCs (CO,
IL, IN, MN, MT, OH, & WV)
Program Objectives
The SBDC program uses Federal
funds to leverage the resources of states,
PO 00000
Frm 00074
Fmt 4703
Sfmt 4703
academic institutions and the private
sector to:
(a) Strengthen the nation’s small
business communities;
(b) increase local economic growth;
(c) ensure inclusiveness by
broadening the impact of SBDC
technical assistance to underserved
markets.
SBDC Program Organization
Through a partnership between SBA
and institutions of higher education and
state government, a network of 63 lead
SBDCs are managed by the Office of
Small Business Development Centers
(OSBDC). The local District Offices have
a Project Officer to ensure each SBDC
provides quality services and is in
compliance with its negotiated
Cooperative Agreement with the SBA.
OSBDC has six Program Managers who
each have a portfolio of 10–12 SBDCs
for which they are responsible for SBDC
performance management. OSBDC also
has three Grants Managers along with a
finance staff who oversee the issuance
and budget aspects of the Cooperative
Agreement. SBDCs operate on the basis
of an annual proposed plan to provide
assistance within a state or geographic
area. The initial plan must have the
written approval of the Governor. NonFederal funds must match Federal funds
by 1:1.
SBDC Services
An SBDC must have a full range of
business development and technical
assistance services in its area of
operations, supporting local small
business needs, SBA priorities and
established SBDC program objectives.
Services include training and
professional business advising to
existing and prospective small business
owners in all areas of small firm
establishment and growth, including:
E:\FR\FM\11JYN1.SGM
11JYN1
44912
Federal Register / Vol. 81, No. 132 / Monday, July 11, 2016 / Notices
Management; online and social media
and marketing; finance and access to
capital; exporting and international
trade; manufacturing; and business
operations, including disaster
mitigation.
The SBA district office and the SBDC
negotiate annually through this funding
announcement the specific mix of
services and best use of program funds
to meet mutually agreed upon annual
milestones, giving particular attention to
SBA’s annual priorities and special
emphasis groups, including veterans,
women, the disabled, and other
minorities.
SBDC Program Requirements
An SBDC must meet required
programmatic and financial
requirements established by statute,
regulations, other program directive and
its Cooperative Agreement. Following
these guidelines an SBDC must:
(a) Provide services that are as
accessible to all persons, especially
those who identify as disabled;
(b) open all service centers during
normal business hours of the
community or during the normal
business hours of its state or academic
Host Organization, throughout the year;
(c) develop working relationships
with financial institutions, the
investment communities, professional
associations, private consultants and
local small business groups;
(d) establish a lead center which
operates and oversees a statewide or
regional network of SBDC service
centers;
(e) have a full-time Director; and
(f) expend at least 80 percent of the
Federal funds to provide direct client
services to small businesses.
Dated: June 24, 2016.
Adriana Menchaca-Gendron,
Associate Administrator for Business
Development Centers.
[FR Doc. 2016–16290 Filed 7–8–16; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #14708 and #14709]
Texas Disaster Number TX–00468
U.S. Small Business
Administration.
ACTION: Amendment 3.
sradovich on DSK3GDR082PROD with NOTICES
AGENCY:
This is an amendment of the
Presidential declaration of a major
disaster for the State of Texas (FEMA–
4269–DR), dated 04/25/2016.
Incident: Severe Storms and Flooding.
Incident Period: 04/17/2016 and
continuing through 04/30/2016.
SUMMARY:
VerDate Sep<11>2014
16:55 Jul 08, 2016
Jkt 238001
Effective Date: 06/29/2016.
Physical Loan Application Deadline
Date: 06/24/2016.
EIDL Loan Application Deadline Date:
01/25/2017.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the President’s major disaster
declaration for the State of Texas, dated
04/25/2016 is hereby amended to reestablish the incident period for this
disaster as beginning 04/17/2016 and
continuing through 04/30/2016.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Number 59008)
James E. Rivera,
Associate Administrator for Disaster
Assistance.
[FR Doc. 2016–16286 Filed 7–8–16; 8:45 am]
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #14708 and #14709]
Texas Disaster Number TX–00468
U.S. Small Business
Administration.
ACTION: Amendment 4.
AGENCY:
This is an amendment of the
Presidential declaration of a major
disaster for the State of Texas (FEMA–
4269–DR), dated 04/25/2016.
Incident: Severe Storms and Flooding.
Incident Period: 04/17/2016 through
04/30/2016.
Effective Date: 06/29/2016.
Physical Loan Application Deadline
Date: 06/24/2016.
EIDL Loan Application Deadline Date:
01/25/2017.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the Presidential disaster declaration
for the State of TEXAS, dated 04/25/
SUMMARY:
Frm 00075
Fmt 4703
Primary Counties: (Physical Damage
and Economic Injury Loans):
Anderson, Cherokee, Smith, Wood.
Contiguous Counties: (Economic Injury
Loans Only):
Texas: Angelina, Camp, Franklin,
Freestone, Gregg, Henderson,
Hopkins, Houston, Leon,
Nacogdoches, Rains, Rusk, Upshur,
Van Zandt.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Number 59008)
James E. Rivera,
Associate Administrator for Disaster
Assistance.
[FR Doc. 2016–16287 Filed 7–8–16; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #14749 and #14750]
West Virginia Disaster Number WV–
00043
U.S. Small Business
Administration.
ACTION: Amendment 2.
AGENCY:
BILLING CODE 8025–01–P
PO 00000
2016 is hereby amended to include the
following areas as adversely affected by
the disaster:
Sfmt 4703
This is an amendment of the
Presidential declaration of a major
disaster for the State of West Virginia
(FEMA–4273–DR), dated 06/25/2016.
Incident: Severe Storms, Flooding,
Landslides, and Mudslides.
Incident Period: 06/22/2016 and
continuing.
Effective Date: 06/29/2016.
Physical Loan Application Deadline
Date: 08/24/2016.
EIDL Loan Application Deadline Date:
03/27/2017.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the Presidential disaster declaration
for the State of West Virginia, dated 06/
25/2016 is hereby amended to include
the following areas as adversely affected
by the disaster:
Primary Counties: (Physical Damage
and Economic Injury Loans):
Pocahontas, Webster.
SUMMARY:
E:\FR\FM\11JYN1.SGM
11JYN1
Agencies
[Federal Register Volume 81, Number 132 (Monday, July 11, 2016)]
[Notices]
[Pages 44910-44912]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16290]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
Action Subject to Intergovernmental Review
AGENCY: U.S. Small Business Administration.
ACTION: Notice of action subject to intergovernmental review under
Executive Order 12372.
-----------------------------------------------------------------------
SUMMARY: The Small Business Administration (SBA) is notifying the
public that it intends to fund grant applications for 22 existing Small
Business Development Centers (SBDCs) beginning October 1, 2016 subject
to the availability of funds. A description of the SBDC program is
contained in the supplementary information below.
The SBA is publishing this notice at least 90 days before the
expected funding date. The SBDCs mailing addresses listed below are
participating in the intergovernmental review process. A copy of this
notice also is being furnished to the respective State single points of
contact designated under the Executive Order.
DATES: A State single point of contact and other interested State or
local
[[Page 44911]]
entities may submit written comments regarding funding of an SBDC
within 30 days from the date of publication of this notice. Please
address any comments to the relevant SBDC State Director listed below.
ADDRESSES:
Addresses of Relevant SBDC State Directors
------------------------------------------------------------------------
------------------------------------------------------------------------
Mr. Rande Kessler, SBDC State Director, Ms. Kristina Oliver, SBDC State
University of Louisiana, Monroe 700, Director, West Virginia
University Avenue, Admin 2-101, Development Office, 1900
Monroe, LA 71209-6435, (318) 342-5506. Kanawha Blvd., Capitol
Complex, Building 6, Room 652,
Charleston, WV 25305, (304)
558-2960.
Mr. Mike Bowman, SBDC State Director, Ms. Carmen Marti, SBDC
University of Delaware, One Innovation Director, Inter American
Way, Suite 301, Newark, DE 19711, University of Puerto Rico, 416
(302) 831-4283. Ponce de Leon Avenue, Union
Plaza, Seventh Floor, San
Juan, PR 00918, (787) 763-
6811.
Ms. Becky Naugle SBDC, State Director Ms. Rene Sprow, SBDC State
University of Kentucky, One Quality Director, Univ. of Maryland,
Street, Lexington, KY 40507, (859) 257- 7100 Baltimore Avenue, Suite
7668. 402, College Park, MD 20740,
(301) 403-8300.
Mr. Chris Bouchard, SBDC State Ms. Lisa Shimkat, SBDC State
Director, University of Missouri, 410 Director, Iowa State
South Sixth Street, 200 Engineering University, 2321 North Loop
North, Columbia, MO 65211, (573) 884- Drive, Suite 202, Ames, IA
1555. 50010-8218, (515) 294-2037.
Mr. John Osoinach, SBDC State Director,
University of the Virgin Islands, 8000
Niskey Center, Suite 720, St. Thomas,
USVI 00802-5804, (340) 776-3206.
------------------------------------------------------------------------
FOR FURTHER INFORMATION CONTACT: Vicky Mundt, Deputy Associate
Administrator, Office of Small Business Development Centers, U.S. Small
Business Administration, 409 Third Street SW., Sixth Floor, Washington,
DC 20416.
SUPPLEMENTARY INFORMATION:
Description of the SBDC Program
Small Business Development Centers (SBDCs) provide a wide array of
technical assistance to small businesses and aspiring entrepreneurs
supporting business performance and sustainability and enhancing the
creation of new businesses entities. These small businesses in turn
foster local and regional economic development through job creation and
retention as a result of the extensive one-on-one long-term counseling,
training and specialized services they receive from the SBDCs. The
SBDCs are made up of a unique collaboration of SB A, state and local
governments, and private sector funding resources.
SBDCs provide clients with professional business assistance
regarding business plans, market research, financial preparation
packages, cash flow, and procurement contracts. Special emphasis areas
include: Manufacturing; international trade and export assistance; e-
commerce; technology transfer; assistance for veterans, both active
duty and personnel returning from deployment; disaster recovery
assistance; IRS, EPA, and OSHA regulatory compliance; as well as
research and development. Based on client needs, business trends and
individual business requirements, SBDCs modify their services to meet
the evolving needs through more than 900 local service delivery points
across the nation and all U.S. Territories.
SBDCs deliver these services to small business concerns using an
effective education network of 63 Lead Centers reaching out to both
rural and urban areas, serving entrepreneurs of all types throughout a
state or region. SBDCs can be found in every U.S. state, the District
of Columbia, Guam, Puerto Rico, American Samoa and the U.S. Virgin
Islands. SBDCs provide professional business counseling free of charge
along with low cost training.
To reach the millions of small businesses across the U.S., SBDC
assistance is available virtually anywhere: From rural circuit riders
in Alaska to marine services in the Outer Banks of North Carolina. Many
centers are located within or are co-located with: Local economic
development entities; chambers of commerce; Department of Defense's
Procurement Technical Assistance Centers; The Department of Commerce's
Manufacturing Extension Partnership sites; and community colleges. Some
SBDCs also have International Trade Centers and some are classified by
a special emphasis on Technology.
Lead Center SBDCs hosts include:
49 University-sponsored Lead SBDCs
2 SBDC locations are located at Historically Black Colleges and
Universities (Howard University in Washington, DC and the University of
the Virgin Islands, U.S.V.I.)
7 Community college-sponsored Lead SBDCs
Dallas-TX, OR, NM, AZ, San Diego-CA, Los Angeles, CA, and American
Samoa
7 State-sponsored Lead SBDCs (CO, IL, IN, MN, MT, OH, & WV)
Program Objectives
The SBDC program uses Federal funds to leverage the resources of
states, academic institutions and the private sector to:
(a) Strengthen the nation's small business communities;
(b) increase local economic growth;
(c) ensure inclusiveness by broadening the impact of SBDC technical
assistance to underserved markets.
SBDC Program Organization
Through a partnership between SBA and institutions of higher
education and state government, a network of 63 lead SBDCs are managed
by the Office of Small Business Development Centers (OSBDC). The local
District Offices have a Project Officer to ensure each SBDC provides
quality services and is in compliance with its negotiated Cooperative
Agreement with the SBA. OSBDC has six Program Managers who each have a
portfolio of 10-12 SBDCs for which they are responsible for SBDC
performance management. OSBDC also has three Grants Managers along with
a finance staff who oversee the issuance and budget aspects of the
Cooperative Agreement. SBDCs operate on the basis of an annual proposed
plan to provide assistance within a state or geographic area. The
initial plan must have the written approval of the Governor. Non-
Federal funds must match Federal funds by 1:1.
SBDC Services
An SBDC must have a full range of business development and
technical assistance services in its area of operations, supporting
local small business needs, SBA priorities and established SBDC program
objectives. Services include training and professional business
advising to existing and prospective small business owners in all areas
of small firm establishment and growth, including:
[[Page 44912]]
Management; online and social media and marketing; finance and access
to capital; exporting and international trade; manufacturing; and
business operations, including disaster mitigation.
The SBA district office and the SBDC negotiate annually through
this funding announcement the specific mix of services and best use of
program funds to meet mutually agreed upon annual milestones, giving
particular attention to SBA's annual priorities and special emphasis
groups, including veterans, women, the disabled, and other minorities.
SBDC Program Requirements
An SBDC must meet required programmatic and financial requirements
established by statute, regulations, other program directive and its
Cooperative Agreement. Following these guidelines an SBDC must:
(a) Provide services that are as accessible to all persons,
especially those who identify as disabled;
(b) open all service centers during normal business hours of the
community or during the normal business hours of its state or academic
Host Organization, throughout the year;
(c) develop working relationships with financial institutions, the
investment communities, professional associations, private consultants
and local small business groups;
(d) establish a lead center which operates and oversees a statewide
or regional network of SBDC service centers;
(e) have a full-time Director; and
(f) expend at least 80 percent of the Federal funds to provide
direct client services to small businesses.
Dated: June 24, 2016.
Adriana Menchaca-Gendron,
Associate Administrator for Business Development Centers.
[FR Doc. 2016-16290 Filed 7-8-16; 8:45 am]
BILLING CODE 8025-01-P