This EDA investment supports operational costs for the delta library innovation center (dlic), which is a new business incubator and makerspace in the city of delta, colorado

Active Project Grant Awarded Last action

Award ID
ED23DEN0G0078
Recipient
Awarding agency
Obligated
$866,480

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date 88% complete
Funding
  • $433,240.00 Federal
  • $433,240.00 Non-federal
Place of performance
Delta, CO 81416, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

The programming and operational costs supported by this EDA investment will allow the city to provide staffing and resources to kick off new business support and development services, including a variety of training, exercises, and events providing learning opportunities related to entrepreneurship, innovation, RE-skilling and up-skilling, 1-1 customized direct technical assistance to entrepreneurs and small businesses, and more. The project will help diversify the economy of delta county, colorado, and aims to build economic resilience and support a vibrant main street in the city of delta. Between the combination of businesses participating in the incubator and the other programming and services offered to the broader area entrepreneurial and business community, the project is expected to create over 200 new jobs and generate nearly $10 million in private investment over the course of nine years from the project start date. This project was made possible by the regional planning efforts led by region 10 league for economic assistance and planning (leap). EDA funds region 10 leap to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment, and create jobs.

Quick answers

Who received award ED23DEN0G0078?

ED23DEN0G0078 was awarded to City Of Delta by Economic Development Administration (Department of Commerce) on October 2, 2023.

How much is award ED23DEN0G0078 worth?

$866,480 has been obligated on ED23DEN0G0078: $433,240 in federal funding and $433,240 in non-federal funding.

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