The minority business development agency (MBDA), a bureau of the U.S. Department of commerce, will provide federal assistance to support innovative projects seeking to promote and ensure the growth of…
Ended Project Grant Awarded Last action
- Award ID
- MB22OBD8020265
- Recipient
-
National Association For Latino Community Asset Builders UEI F5T8EMFNG3T5
- Awarding agency
-
National Oceanic and Atmospheric Administration
Department of Commerce
- Obligated
- $4,216,100
Award facts
- Assistance listing
- 11.802 MBDA Specialty Center Program
- Completion date
- Funding
-
- $3,170,000.00 Federal
- $1,046,100.00 Non-federal
- Funding agency
- Minority Business Development Agency Department of Commerce
- Place of performance
- San Antonio, TX 78238, USA
Award details come from USAspending.gov.
Description
The minority business development agency (MBDA), a bureau of the U.S. Department of commerce, will provide federal assistance to support innovative projects seeking to promote and ensure the growth of minority enterprises. The access to capital - innovative financing projects can utilize technical assistance models, pilot innovative solutions, leverage technology, advance research and data, or provide education to non-traditional lenders. MBDA seeks market solutions to the barriers of access to capital that acknowledge a lack of traditional collateral/assets as an impediment for mbes.
Transactions
| Action | Federal | Non-federal | Date |
|---|---|---|---|
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $792,500 | $261,525 | |
| Amendment | $792,500 | $261,525 | |
| Amendment | $792,500 | $261,525 | |
| Original award | $792,500 | $261,525 |
Subawards
| Subrecipient | Amount | Awarded |
|---|---|---|
| Immigrant Development Center | $70,000 | |
| Liftfund Inc. | $70,000 | |
| Fresno Community Development Financial Institution | $70,000 | |
| Business Impact NW | $70,000 | |
| Enterprising Latinas, Inc. | $70,000 | |
| Civic Community Partners, Inc. | $70,000 | |
| Carolina Small Business D | $70,000 |
Quick answers
Who received award MB22OBD8020265?
MB22OBD8020265 was awarded to National Association For Latino Community Asset Builders by National Oceanic and Atmospheric Administration (Department of Commerce) on September 14, 2022.
How much is award MB22OBD8020265 worth?
$4,216,100 has been obligated on MB22OBD8020265: $3,170,000 in federal funding and $1,046,100 in non-federal funding.
Which agency awarded MB22OBD8020265?
National Oceanic and Atmospheric Administration (Department of Commerce) awarded MB22OBD8020265, with funding from Minority Business Development Agency (Department of Commerce).
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