Minority Business Development Agency March 19, 2007 – Federal Register Recent Federal Regulation Documents
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Amendment to the Required Minimum Performance Ratings for Optional Third-Year Funding for the Miami/Ft. Lauderdale, Oklahoma City and Honolulu Minority Business Enterprise Centers
On August 17, 2004, the Minority Business Development Agency (MBDA) published a Federal Register notice soliciting competitive applications for operators of the Miami/Ft. Lauderdale, Oklahoma City and Honolulu Minority Business Enterprise Centers (MBECs) (formerly Minority Business Development Centers). No other MBECs were included as part of this competitive solicitation. The August 17, 2004 notice provides for a two-year award period, with an optional third-year award period available at the sole discretion of MBDA and the Department of Commerce. The notice also provides that only those MBECs achieving ``outstanding'' performance ratings for each of the two prior program years are eligible to receive funding for the optional third-year of the award. This notice amends the August 17, 2004 notice to change the minimum required performance rating for the optional third-year award period from ``outstanding'' to ``at least commendable'' for the first program year. The ``outstanding'' performance requirement for the second program year continues to apply. MBDA is making this amendment to allow the operators of these three MBECs to be eligible for a third and final year of continuation funding if they achieve at least a ``commendable'' performance rating for first program year and an ``outstanding'' performance rating for the second program year.