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
- MB23OBD0340315
- Recipient
-
Covered Community UEI E5NVKBCVJLU1
- Awarding agency
-
National Oceanic and Atmospheric Administration
Department of Commerce
- Obligated
- $8,689,586
Award facts
- Assistance listing
- 11.034 MBDA Capital Readiness Program
- Completion date 78% complete
- Funding
-
- $5,999,600.00 Federal
- $2,689,986.00 Non-federal
- Funding agency
- Minority Business Development Agency Department of Commerce
- Place of performance
- Baldwin Hills, CA 90008, 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 | $0 | $0 | |
| Amendment | $2,999,800 | $1,344,993 | |
| Original award | $2,999,800 | $1,344,993 |
Quick answers
Who received award MB23OBD0340315?
MB23OBD0340315 was awarded to Covered Community by National Oceanic and Atmospheric Administration (Department of Commerce) on September 1, 2023.
How much is award MB23OBD0340315 worth?
$8,689,586 has been obligated on MB23OBD0340315: $5,999,600 in federal funding and $2,689,986 in non-federal funding.
Which agency awarded MB23OBD0340315?
National Oceanic and Atmospheric Administration (Department of Commerce) awarded MB23OBD0340315, with funding from Minority Business Development Agency (Department of Commerce).
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