Enterprising women of color as part of the administrations focus on empowering women, mbda is seeking to promote minority entrepreneurs, with a focus on women entrepreneurs, to become engines of…
Ended Project Grant Awarded Last action
- Award ID
- MB23OBD8050336
- Recipient
-
Operation Hope, Inc. UEI JHMZXKNBN8N9
- Awarding agency
-
National Oceanic and Atmospheric Administration
Department of Commerce
- Obligated
- $1,350,000
Award facts
- Assistance listing
- 11.805 MBDA Business Center Program
- Completion date
- Originally
- Funding agency
- Minority Business Development Agency Department of Commerce
- Place of performance
- Atlanta, GA 30303, USA
Award details come from USAspending.gov.
Description
Enterprising women of color as part of the administrations focus on empowering women, mbda is seeking to promote minority entrepreneurs, with a focus on women entrepreneurs, to become engines of economic growth in their communities. As of 2019, 6.4 million minority-owned women businesses employed nearly 2.4 million people and generated $422.5 billion in revenue according to the american express state of women- owned businesses report (september 23, 2019). Women-owned businesses represent 42% of all businesses. This report also estimated that if the revenues generated by minority women-owned firms matched those currently generated by all non-minority women-owned businesses, they would add 4 million new jobs and $981 billion in revenues to the U.S. Economy. Women RE-invest approximately 90% of their earnings into their family and their communities, creating a unique multiplier. Investments in women-owned businesses make communities prosper. Mbda seeks to fund business CE
Transactions
| Action | Obligated | Date |
|---|---|---|
| Amendment | $0 | |
| Amendment | $0 | |
| Amendment | $0 | |
| Amendment | $0 | |
| Amendment | $450,000 | |
| Amendment | $450,000 | |
| Original award | $450,000 |
Quick answers
Who received award MB23OBD8050336?
MB23OBD8050336 was awarded to Operation Hope, Inc. by National Oceanic and Atmospheric Administration (Department of Commerce) on September 1, 2023.
How much is award MB23OBD8050336 worth?
$1,350,000 has been obligated on MB23OBD8050336.
Which agency awarded MB23OBD8050336?
National Oceanic and Atmospheric Administration (Department of Commerce) awarded MB23OBD8050336, with funding from Minority Business Development Agency (Department of Commerce).
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