This EDA investment supports idea village with developing a pipeline of startup activity from across the region and position new orleans, particularly opportunity zones in downtown new orleans, as a…

Project Grant Awarded

Award ID
087905585
Recipient
Awarding agency
Obligated
$625,000

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Not on record
Funding
  • $500,000.00 Federal
  • $125,000.00 Non-federal
Place of performance
New Orleans, LA 70130, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

This EDA investment supports idea village with developing a pipeline of startup activity from across the region and position new orleans, particularly opportunity zones in downtown new orleans, as a hub for innovation. The project will help empower founders from diverse backgrounds, to build technology-based businesses in a way that helps the local economy recover more quickly from the coronavirus pandemic and from natural disasters such as hurricane IDA, to build a more resilient economy for the long term. Once completed, the project will diversify the local economy, promote economic sustainability, expand job opportunities, and promote growth throughout the region.

Quick answers

Who received award 087905585?

087905585 was awarded to The Idea Village, Inc. by Economic Development Administration (Department of Commerce) on March 31, 2022.

How much is award 087905585 worth?

$625,000 has been obligated on 087905585: $500,000 in federal funding and $125,000 in non-federal funding.

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