25 CFR §1187.41
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)OIED may renew a grant award under the IBIP for one additional three-year term. In determining whether to renew a grant award, OIED will consider for the awardee:
- (1)The results of the annual evaluation of the awardee conducted under § 1187.50;
- (2)The performance of the awardee's business incubator, as compared to the performance of other business incubators receiving grants under the IBIP;
- (3)Whether the awardee continues to be eligible for the IBIP; and
- (4)The evaluation consideration for initial awards under § 1187.20.
- (b)Awardees that receive a grant renewal must provide non-Federal contributions in an amount not less than 33 percent of the total amount of the grant. Failure to provide the non-Federal contribution will result in noncompliance and OIED withholding of funds, unless OIED waives the requirement under § 1187.43.