Project Grant ED22HDQ0240181
- This Project Grant from the U.S. Small Business Administration's Office of Entrepreneurial Development provides $1 million to Building Memphis to deliver Community Navigator services through November 2023. As part of the American Rescue Plan's $100 million Community Navigator Pilot Program, the awardee and its subrecipients will provide technical assistance and support to small businesses through individual counseling and group trainings focused on pandemic relief programs and recovery services....
- 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 Department of Commerce Economic Development Administration (EDA) awarded a $1,054,468 Project Grant to Innovate Mississippi under the BUILD TO SCALE federal grant program (CFDA #11.024) to establish two regional angel funds in rural Mississippi. Specifically, the grant will fund the Mississippi Rural Angel Funds project to create the North Delta/Oxford Angel Fund and the Mississippi River Region Angel Fund. These two angel funds will invest in 20 early-stage Mississippi startups over three...
- The Department of Commerce Economic Development Administration awarded a $800,000 Project Grant to the Fresno Area Hispanic Foundation under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant will support the development of a $800,000 financial capital seed fund to provide early-stage financing and technical assistance to startup and small businesses in Fresno, California through September 2024. Specifically, the Fresno Area Hispanic Foundation will form an LLC to operate and...
- The Delta Regional Authority awarded a $250,000 Project Grant to the Binghampton Development Corporation dba Urban Farms through the Delta Area Economic Development federal grant program (CFDA 90.201). The two-year grant running from March 1, 2022 to March 1, 2024 will support activities focused on developing transportation infrastructure and job training/employment programs to strengthen local economies in severely distressed areas lacking financial resources for basic public services and...
- 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 Small Business Administration Office of the Chief Operating Officer awarded a $750,000 Project Grant to the Black Business Association of Memphis, Tennessee on May 23, 2023. The grant funding will support the Association's small business development and entrepreneurship initiatives through the completion date of May 23, 2023. The Congressional Grants program (CFDA #59.059) aims to provide funding for small business initiatives including programmatic and construction activities. As a...
- The Department of Commerce Economic Development Administration (EDA) awarded a $1.5 million Project Grant to Innovate Mississippi under the BUILD TO SCALE federal grant program (CFDA 11.024) to develop the statewide ecosystem through the COBuilders Accelerator Project. The grant will fund a coordinated virtual accelerator unlocking resources like mentors, service providers, and investment capital across underrepresented regions in Mississippi. Over a 24-month period starting November 1, 2022,...
- The Small Business Administration Office of the Chief Operating Officer awarded Vibrant Memphis Inc. a $673,332 Project Grant under the Congressional Grants program (CFDA 59.059) to support small business development and entrepreneurship initiatives from May 1, 2023 through April 30, 2024. As a non-profit organization doing business as Epicenter, Vibrant Memphis will use the funding to deliver programmatic and construction activities aimed at spurring entrepreneurship in Memphis, Tennessee in...
- The federal Project Grant award of $447,500.00, provided by the Delta Regional Authority under the Delta Area Economic Development program (CFDA 90.201), will enable The Collective Blueprint (TCB) and the Memphis Medical District Collaborative (MMDC) to dramatically expand access to healthcare career pathways. The grant, awarded on April 18, 2024, will run through April 18, 2026, and will benefit healthcare industry employers as well as disadvantaged job seekers in Memphis, Tennessee. The...
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. Funds will support educational workshops for 50 potential investors and 240 microbusiness owners on entrepreneurship, business growth, and scaling. BANK aims to vet and recommend 10 microbusinesses per year for investment. Once completed, BANK is expected to create 240 new technology jobs in Memphis, Tennessee as microbusiness owners apply skills gained through training programs supported by this EDA grant.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $700.2k | 9/21/22 | ||
| Not listed | $700.2k | 9/21/22 |