Federal grant · project grant (b)
This Eda Investment Funds the State-wide Investment Accelerator Project, to Organize, Launch, and Operate a State-wide Investment Accelerator Program With Statewide Stakeholders to Complete the Following Activities: Identification of an Accelerator Contractor; Securing Staff for the Project; Recruiting Twice Per Year for Cohorts of Early-stage Startups; Delivering the Programming; Providing Access to Capital for Program Participants; Delivering Support Programming and Services to Program Alumni; and Providing Oversight and Tracking of Metrics. Once Completed, the Project Will Provide Mentorship and Education While Connecting Startups to Investors and Customers, to Help Increase Follow-on Financing for Women, Veteran, and Minority Entrepreneurs While Spurring Job Creation via the Scaling and Growth of Businesses.
Committed
$525,000
Paid out
$440.6K
84%
Committed, not yet paid
$84.4K
16%
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Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
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One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .
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