Understanding the Role of a Grants Management Specialist
Definition & Meaning
A grants management specialist is an employee of the Small Business Administration (SBA) designated by the Associate Administrator for Small Business Development Centers (AA/SBDCs). This specialist is responsible for overseeing the financial review, awarding, and administration of one or more cooperative agreements related to Small Business Development Centers (SBDCs). Their role is crucial in ensuring that grants are managed effectively and in compliance with federal regulations.
Legal Use & context
The term "grants management specialist" is primarily used within the context of federal grants and cooperative agreements. This role is essential in various legal practices that involve funding for small business development and support. The specialist ensures that all financial aspects of the grants are handled appropriately, which may include reviewing budgets, monitoring expenditures, and ensuring compliance with federal laws. Users can manage some aspects of grants through legal templates provided by services like US Legal Forms.
Real-world examples
Here are a couple of examples of abatement:
For instance, a grants management specialist may oversee a cooperative agreement that funds a local SBDC to provide training and resources to small business owners in their area. They would ensure that the funds are allocated correctly and that the SBDC meets its obligations under the agreement.
(hypothetical example) A grants management specialist might also be involved in a scenario where a new grant is awarded to an SBDC for a specific project, requiring detailed financial reporting and compliance checks throughout the project's duration.