CALIFORNIA REGIONAL INITIATIVE FOR SOCIAL ENTERPRISES PROGRAM FISCAL AGENT - REQUEST FOR PROPOSALS

The California Governor’s Office of Business and Economic Development (through CalOSBA) issued an open RFP to select a single Fiscal Agent to administer the CA‑RISE grant program, disbursing up‑to‑$300,000 awards to eligible social‑enterprise nonprofits. The awardee will design and operate the grant‑making workflow, verify eligibility, manage fund transfers (ACH/Wire), and provide required financial and program reporting. The contract runs from June 1 2026 through March 31 2028, with a total award of $611,900 for the Fiscal Agent’s administrative services. • Core duties: application intake, eligibility validation, grant agreement preparation, disbursement of funds, compliance monitoring, and final outcomes reporting. • Required capabilities: secure fund handling, experience with state‑funded grant administration, ability to provide collateral securities, and capacity to produce regular financial and programmatic reports. • Payment structure: upfront funding for anticipated disbursements, monthly arrears for admin costs, and final settlement after program closeout.