This EDA investment supports frederick innovative technology center, INC
Project Grant Awarded
- Award ID
- 017915256
- Recipient
-
Frederick Innovative Technology Center, Inc. UEI G9NQSAX5KCP9
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $5,796,732
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Not on record
- Funding
-
- $4,637,386.00 Federal
- $1,159,346.00 Non-federal
- Place of performance
- Frederick, MD 21704, USA
Award details come from USAspending.gov.
About this award
The Economic Development Administration (EDA) awarded Frederick Innovative Technology Center, Inc. (FITCI) a $5,796,732 Project Grant under the Economic Adjustment Assistance (CFDA 11.307) federal grant program on August 30, 2022.
The grant funding will support FITCI in renovating a building to construct new laboratory and office space for a science and technology business incubator located in Frederick, Maryland. The business incubator aims to assist small, tech-based businesses as they develop and commercialize new products and services, helping to attract industries, create jobs, and promote economic resiliency in the region. The renovated facility will provide resources and infrastructure to support startup and growing companies in developing innovations with the goal of fueling economic growth.
Description
With making building renovations to support a science business incubator in frederick, maryland. The project will construct laboratory and office space to assist small, tech-based businesses as they work to grow and create new jobs and economic opportunities. Once completed, the project will attract new industries, create jobs, increase global competitiveness, and promote economic resiliency throughout the region.
Quick answers
Who received award 017915256?
017915256 was awarded to Frederick Innovative Technology Center, Inc. by Economic Development Administration (Department of Commerce) on August 30, 2022.
How much is award 017915256 worth?
$5,796,732 has been obligated on 017915256: $4,637,386 in federal funding and $1,159,346 in non-federal funding.
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