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
- MB23OBD0340321
- Recipient
-
Rural Community Assistance Corporation UEI CU36CMXU32A1
- Awarding agency
-
National Oceanic and Atmospheric Administration
Department of Commerce
- Obligated
- $5,190,560
Award facts
- Assistance listing
- 11.034 MBDA Capital Readiness Program
- Completion date 79% complete
- Funding
-
- $4,513,528.00 Federal
- $677,032.00 Non-federal
- Funding agency
- Minority Business Development Agency Department of Commerce
- Place of performance
- West Sacramento, CA, 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 | $0 | $0 | |
| Amendment | $2,256,764 | $338,516 | |
| Original award | $2,256,764 | $338,516 |
Quick answers
Who received award MB23OBD0340321?
MB23OBD0340321 was awarded to Rural Community Assistance Corporation by National Oceanic and Atmospheric Administration (Department of Commerce) on September 1, 2023.
How much is award MB23OBD0340321 worth?
$5,190,560 has been obligated on MB23OBD0340321: $4,513,528 in federal funding and $677,032 in non-federal funding.
Which agency awarded MB23OBD0340321?
National Oceanic and Atmospheric Administration (Department of Commerce) awarded MB23OBD0340321, with funding from Minority Business Development Agency (Department of Commerce).
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