The mbda capital readiness program (program) is designed to help close the entrepreneurship GAP between socially and economically disadvantaged individuals (sedi) and non-sedi
Active Cooperative Agreement Awarded Last action
- Award ID
- MB23OBD0340294
- Recipient
-
Arizona Hispanic Chamber Of Commerce Inc. UEI LMXDMJHVY3K1
- Awarding agency
-
National Oceanic and Atmospheric Administration
Department of Commerce
- Obligated
- $10,433,040
Award facts
- Assistance listing
- 11.034 MBDA Capital Readiness Program
- Completion date 79% complete
- Funding
-
- $6,000,000.00 Federal
- $4,433,040.00 Non-federal
- Funding agency
- Minority Business Development Agency Department of Commerce
- Place of performance
- Phoenix, AZ 85014, USA
Award details come from USAspending.gov.
Description
The recipients are were selected to: (1) help sedi entrepreneurs build capacity; (2) attract and provide access to capital opportunities; and (3) attract and provide access to networks. The proposed activities may resemble the service models of incubators (focusing on early-stage technical assistance for new entrepreneurs) or accelerators (providing emerging-stage technical assistance to businesses ready to expand or scale), or provide a combination of both service models.
Transactions
| Action | Federal | Non-federal | Date |
|---|---|---|---|
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $3,000,000 | $2,216,520 | |
| Original award | $3,000,000 | $2,216,520 |
Quick answers
Who received award MB23OBD0340294?
MB23OBD0340294 was awarded to Arizona Hispanic Chamber Of Commerce Inc. by National Oceanic and Atmospheric Administration (Department of Commerce) on September 1, 2023.
How much is award MB23OBD0340294 worth?
$10,433,040 has been obligated on MB23OBD0340294: $6,000,000 in federal funding and $4,433,040 in non-federal funding.
Which agency awarded MB23OBD0340294?
National Oceanic and Atmospheric Administration (Department of Commerce) awarded MB23OBD0340294, with funding from Minority Business Development Agency (Department of Commerce).
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