Project Grant ED21HDQ0240064
- The Ohio Aerospace Institute (OAI) was awarded a $1.5 million project grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) to provide outreach, engagement, and implementation services to established small minority business enterprises in Northeast Ohio's innovation ecosystem from October 1, 2021 to September 30, 2024. The project aims to bridge resource gaps and increase support for small minority businesses...
- The University of Memphis was awarded a $2.8 million project grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA #11.024) to fund the Black Wealth Advancement through New Business and Knowledge Development (BANK) initiative. BANK will provide infrastructure and staffing to raise $5.3 million in equity capital over three years to transform 20 microbusinesses annually into scalable small businesses in the technology sector....
- The Green Bay Accelerator Program Project received a $1.87 million Project Grant award from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024). The funding will support coordinating resources, connecting people and businesses, and creating an environment to foster innovation, technology commercialization, and entrepreneurial activity across the Greater Green Bay, Wisconsin region through October 2025. Specifically, the...
- The City and County of Denver received a $6,180,520 Project Grant award from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) to fund the Denver's TechUp project. The three-year project will provide a multi-tiered entrepreneurship program focused on technology and targeted towards Black, Indigenous and other People of Color entrepreneurs in the Denver area. Delivered in partnership with Access Mode, University of Colorado...
- The Economic Development Administration awarded a $3.27 million Project Grant to Social Entrepreneurs of New Orleans Inc., doing business as Propeller: A Force for Social Innovation, to scale venture capital investments that support minority-owned businesses through the BUILD TO SCALE federal grant program (CFDA 11.024). Over a three-year period, Propeller and its partner New Orleans Startup Fund will build capacity for due diligence, fundraising, and technical assistance to grow their initial...
- This $1.2 million project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Louisville Healthcare CEO Council Aging Innovation Fund. The Fund will make equity-based investments in late-stage venture and growth-stage healthcare and aging technology companies with commercialized products addressing challenges of an aging population. Leveraging its network, the Council will identify qualified investment opportunities using a top-down...
- This $1.2 million project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Diversify-Connect-Fund Project to support the entrepreneurial ecosystem in Greater Charlottesville, Virginia. The two-year project aims to improve outcomes for underrepresented startup founders and investors. Key services include an Angel Academy program modeled after an accelerator to provide outreach, recruitment, selection and six-to-eight week training...
- This $6,021,480 project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Village to Venture: EDA Build to Scale Venture Challenge. Through a partnership between Southwestern Community College, the University of San Diego, and the Connect Foundation, this project will support underrepresented entrepreneurs in the San Diego region in accessing traditional capital sources and creating new jobs. Specifically, the partnership will...
- The Economic Development Administration awarded a $2.17 million Project Grant to Vilcap, Inc. to develop lasting investment infrastructure for technology startups led by founders of color in the Southeast region of the United States. Under the Resource Invests initiative funded through the agency's BUILD TO SCALE program (CFDA #11.024), Vilcap will work with the Black Innovation Alliance from November 2022 to April 2024 to launch infrastructure and a replicable model to improve...
- The $749,216 project grant award from the Department of Commerce Economic Development Administration's BUILD TO SCALE federal grant program will fund the launch and operation of a new 50,000 square foot business incubator and accelerator space in Tulsa, Oklahoma. The incubator will provide access to mentoring, seed and early-stage investment, office and meeting space, and resources to support new business formation and job growth in technology and innovation. Key services include increasing...
The Department of Commerce Economic Development Administration awarded a $3 million Project Grant to the Cincinnati USA Regional Chamber through September 2024 under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant will support the Chamber's accelerator program to advance the development of sizeable minority-owned businesses. Key services to be delivered include comprehensive business assessments and growth plans with detailed financial projections and capital needs assessments. The Chamber will facilitate introductions to drive new sales revenues, partnering sessions between minority-owned businesses and regional banks/accounting/law firms, and strategic review sessions with corporate partners. The goal is to strengthen and expand the minority entrepreneurial community's access to capital and other resources to achieve sustainable growth.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $1.5m | 9/21/21 |