Federal grant · cooperative agreement (b)
This Eda Investment Funds the Economic Recovery Corps Project, a Cooperative Agreement Between the International Economic Development Council, Inc. (IEDC) and Its Partners, to Create a National Recovery Corps Program Designed to Hire and Embed Fellows in a Variety of Economic Development Organizations, Economic Development Districts, Entrepreneurial Support Organizations, Counties and Cities. the Fellows Will Help Regions Recover From the Coronavirus Pandemic by Increasing Capacity of Their Host Region to Engage in Local and Regional Economic Development and How to Engage With Federal Opportunities With an Approach Centered on Equity, Opportunity, Access and Inclusion. Over the Three-year Fellowship, Fellows Will Also Be Tasked With Building Relationships and Connections Across Their Region Between and Among Community Stakeholders. Iedc and Its Partners Will Provide Training to a Cohort of at Least 65 Fellows, as Well as the Organizations That Will Host the Fellows for Three Years. a Collaborative Focus Will Enhance the Quality and Coordination of the Local and Regional Work as Well as Increased Knowledge of Native American Economic Development Needs for Native American Fellows Both on and Off Tribal Lands. Through the Collective Partners, the Knowledge That Is Gained Will Be Integrated Into the Practice of Economic Development and Disseminated to a Shared Network of Over 23,000 Organizations Across the United States and Tribal Lands.
Committed
$30.0 Million
Paid out
$20.3M
68%
Committed, not yet paid
$9.7M
32%
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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.
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 .
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