This EDA economic adjustment assistance award to mhub will support the grantee's purchase of new prototyping equipment and training capabilities to fill existing gaps in the regional tech innovation…
Ended Project Grant Awarded Last action
- Award ID
- ED23CHI0G0057
- Recipient
-
Mhub UEI CKMAKECQJL36
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $1,556,210
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Originally
- Funding
-
- $778,105.00 Federal
- $778,105.00 Non-federal
- Place of performance
- Chicago, IL 60612, USA
Award details come from USAspending.gov.
Description
This EDA economic adjustment assistance award to mhub will support the grantee's purchase of new prototyping equipment and training capabilities to fill existing gaps in the regional tech innovation ecosystem. Cook county?s elevated unemployment rate and other economic challenges require innovative solutions and new business start-UPS to expand and diversify the regional economy. The EDA-funded equipment and testing labs will provide additional capacity for mhub users to test their ideas and bring new products to market faster. The project is expected to help create 50 new jobs and generate $15 million in private investment.
Transactions
| Action | Federal | Non-federal | Date |
|---|---|---|---|
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Original award | $778,105 | $778,105 |
Quick answers
Who received award ED23CHI0G0057?
ED23CHI0G0057 was awarded to Mhub by Economic Development Administration (Department of Commerce) on September 30, 2023.
How much is award ED23CHI0G0057 worth?
$1,556,210 has been obligated on ED23CHI0G0057: $778,105 in federal funding and $778,105 in non-federal funding.
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