Federal grant · project grant (b)
This Eda Investment Funds the Accelerating Rural Entrepreneurs in Se Minnesota Project, to Fund the Expansion of Red Wing Ignite (RWI) Start-up and Entrepreneurship Support Program. Red Wing Ignite Will Focus on Three Main Activities: Prioritizing Regional Coordination and Expanding Access to Startup Programs for Rural and Diverse Founders; Launching an Accelerator to Expedite Growth of Scalable Tech Startups; and Building a Robust and Diverse Network of Supporters. the Goal of This Program Is to Advance the Trajectory of More Than 400 Entrepreneurs, of Which 25% Will Be From the Targeted Demographic Groups Over the Grant Term. While Programs and Services Will Be Open to Any Entrepreneurs Interested in Developing Ideas Into a Business, Targeted Outreach Will Be Made to Black, Indigenous and People of Color (BIPOC) Communities, Including Tribal Members Affiliated With the Prairie Island Indian Community and Students Enrolled in the Eight Higher Education Institutions in the Region.
Committed
$2.0 Million
Paid out
$1.6M
81%
Committed, not yet paid
$381.4K
19%
Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
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.
Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .
Loading…