Jobs Foundation

THE ADA JOBS FOUNDATION WILL DIVERSIFY OUR RURAL, REGIONAL ECONOMY BY INCREASING THE NUMBER OF SCALABLE TECHNOLOGY STARTUP COMPANIES LOCAL TO ADA AND RURAL SOUTHERN OKLAHOMA. THE INITIATIVE WILL LEVERAGE OPPORTUNITIES IN OUR ECOSYSTEM TO CONNECT SILOED TECHNOLOGY COMMUNITIES, ACCELERATE SUPPORT, AND INCREASE ACCESS TO EARLY-STAGE CAPITAL FOR SCALABLE TECH STARTUPS IN RURAL OKLAHOMA. THE SPRING WILL ADDRESS THESE OPPORTUNITIES THROUGH THE CREATION OF A SCALABLE TECHNOLOGY STARTUP ECOSYSTEM, A STARTUP ACCELERATOR, INVESTOR OUTREACH, AND COMMERCIALIZATION EVENTS. THIS PROJECT IS BASED IN THE CHICKASAW NATION'S TERRITORY AND IT WILL EMPHASIZE THE INCLUSION OF CHICKASAW AND OTHER NATIVE AMERICAN STARTUP FOUNDERS. THE ADA JOBS FOUNDATION WILL LEAD THIS EFFORT IN PARTNERSHIP WITH THE CITY OF ADA, THE CHICKASAW NATION, EAST CENTRAL UNIVERSITY, PONTOTOC TECHNOLOGY CENTER, AND OKLAHOMA GAS AND ELECTRIC. THE PROGRAM WILL SERVE 100 TO 150 PARTICIPANTS, CREATE AT LEAST 36 NEW EVENTS, 130 PIECES OF

CDFI RAPID RESPONSE PROGRAM AWARD

PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH TECHNICAL ASSISTANCE AWARDS TO BUILD THE CAPACITY OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND EMERGING CDFIS. PLANNED ACTIVITIES TECHNICAL ASSISTANCE MUST BE USED FOR THE FOLLOWING ELIGIBLE ACTIVITIES SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM REQUIREMENTS COMPENSATION PERSONAL SERVICES, COMPENSATION FRINGE BENEFITS, PROFESSIONAL SERVICE COSTS, TRAVEL COSTS, TRAINING AND EDUCATION COSTS, EQUIPMENT, SUPPLIES, AND INCORPORATION COSTS (SPONSORING ENTITIES ONLY). END GOALS: THE GOAL OF THE TECHNICAL ASSISTANCE IS TO BUILD CERTIFIED AND EMERGING CDFI’S ORGANIZATIONAL CAPACITY TO SERVE ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.