This $143,750 project grant from the Department of Commerce Economic Development Administration's Economic Adjustment Assistance program will support Montbello Organizing Committee in conducting a feasibility study for a business incubator in the greater Montbello area of Denver, Colorado. The study will determine the viability of an incubator as part of Montbello Organizing Committee's "Building Wealth from Within" initiative, which aims to provide employment and small business...
The Department of Commerce Economic Development Administration (EDA) awarded a $325,000 Project Grant to the Rockies Venture Institute under the Economic Adjustment Assistance (EAA) program. The grant will support the creation of a business accelerator program in Denver, Colorado to expand access to startup mentorship and services. The program includes four main elements: three hyper accelerators to provide intensive mentorship to startups, a monthly pitch academy to help entrepreneurs refine...
The Economic Development Administration awarded a $2.7 million Project Grant to the West Community Economic Development Corporation to expand services at the Kitchen Network Park Hill Incubator facility in Denver, Colorado. Under the Economic Adjustment Assistance program, the funding will support personnel and equipment to build out kitchen facilities, provide onsite culinary training, business classes, and financial literacy programs through January 2026. The project aims to support an...
The Estes Park Economic Development Corporation (EDC) will receive $868,776 under a Project Grant award from the Department of Commerce Economic Development Administration's Economic Adjustment Assistance program. The EDA funding will support EDC's efforts to diversify and strengthen the business environment in Estes Park, Colorado following negative impacts from the COVID-19 pandemic. Specifically, EDC will scale its business accelerator services program to help businesses create stronger...
This $500,000 Economic Development Administration Project Grant supports the Colorado Coalition, led by Innosphere Ventures, to grow the Colorado Front Range regions intensive R&D growth cluster in STEM. The Coalition will develop six construction projects focused on biosciences and cleantech industries. It will grow cluster employment, particularly for Black and Latinx workers, and incubate STEM startups, especially those owned by people of color. The Department of Commerce Economic...
The Economic Development Administration awarded a $1.2 million Project Grant to the Rocky Mountain World Trade Center Institute under the Economic Adjustment Assistance program (CFDA 11.307) on July 8, 2021. The funding will support the Institute scaling up its Global Trade Activator program to provide technical assistance, planning, coaching and training to dozens of Colorado small- and medium-sized businesses. Services will include developing international trade plans, professional mentoring...
This $3.2 million Department of Commerce Economic Development Administration project grant funds the Lab to Life program at Colorado State University Research Foundation. The program will establish partnerships between Colorado State University and the Colorado State Research Foundation to commercialize research-based clean technologies and sustainability startups. Specifically, the Lab to Life program will support transforming intellectual property into 3 to 5 startup companies annually over...
The U.S. Department of Commerce Economic Development Administration awarded a $500,000 project grant under the Economic Adjustment Assistance program to the Albuquerque Hispano Chamber of Commerce Foundation. The two-year grant will support the Foundation's coalition to grow New Mexico's creative technology industry through eight component projects. These projects include constructing resilient infrastructure, expanding business programs and opportunities, fostering collaboration between...
This $474,650 Project Grant from the Department of Commerce Economic Development Administration (EDA) supports Exponential Impact's Survive and Thrive (S&T) initiative in Colorado Springs, Colorado. The S&T initiative aims to achieve equitable outcomes for recovering small businesses in El Paso County impacted by the COVID-19 pandemic through holistic support services with an emphasis on underrepresented founders. Services include immediate relief for organizations combined with...
The Department of Commerce Economic Development Administration (EDA) awarded a $3.876 million project grant under the Economic Adjustment Assistance (EAA) program to the Watermark Auto Group Foundation. The funding will support renovating a 21,000 square foot building known as the Citadel in Marion, Illinois to create the Ethos Business Incubator. The incubator will provide small business training and services as well as leasable space for small businesses and entrepreneurs. This will boost...