The mbda capital readiness program (program) is designed to help close the entrepreneurship GAP between socially and economically disadvantaged individuals (sedi) and non-sedi
Ended Cooperative Agreement Awarded Last action
- Award ID
- MB23OBD8020331
- Recipient
-
Vibrant Memphis Inc. UEI N8NECF8LNRN4
- Awarding agency
-
National Oceanic and Atmospheric Administration
Department of Commerce
- Obligated
- $5,721,594
Award facts
- Assistance listing
- 11.802 MBDA Specialty Center Program
- Completion date
- Funding
-
- $4,975,298.00 Federal
- $746,296.00 Non-federal
- Funding agency
- Minority Business Development Agency Department of Commerce
- Place of performance
- Memphis, TN 38103, USA
Award details come from USAspending.gov.
Description
The recipients 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 | $2,487,649 | $373,148 | |
| Original award | $2,487,649 | $373,148 |
Quick answers
Who received award MB23OBD8020331?
MB23OBD8020331 was awarded to Vibrant Memphis Inc. by National Oceanic and Atmospheric Administration (Department of Commerce) on September 1, 2023.
How much is award MB23OBD8020331 worth?
$5,721,594 has been obligated on MB23OBD8020331: $4,975,298 in federal funding and $746,296 in non-federal funding.
Which agency awarded MB23OBD8020331?
National Oceanic and Atmospheric Administration (Department of Commerce) awarded MB23OBD8020331, with funding from Minority Business Development Agency (Department of Commerce).
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