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 through various activities including providing consulting services, technical resources, and project management assistance to manufacturers. Expected outcomes include increased revenue, new contract opportunities, expanded business partnerships in target industries, job creation, and improved access to emerging technologies for startups, small businesses, and inventors in the region. The funding will support OAI's delivery of formal programs to help manufacturing companies and suppliers potentially grow their supply chains through technology transfer agreements with regional universities.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $750.0k | 9/20/21 |