Small Business Administration Awarded a Contract to BOUNCE INNOVATION HUB for $1,250,000.00

Q: Where is BOUNCE INNOVATION HUB located?

526 S MAIN ST STE 609E AKRON OHIO UNITED STATES

Signed on

9/27/2024, 12:00 AM

BOUNCE INNOVATION HUB Government Contract #73351024C0016

BOUNCE INNOVATION HUB was awarded a contract with the United States Government for $1,250,000.00. The contract was awarded by the agency office OFC OF PERF MGMT AND CFO, which is a division with the Small Business Administration within the Small Business Administration.

Summary of Award

The recipient of the federal contract is BOUNCE INNOVATION HUB, located in Akron, Ohio. They are a nonprofit organization specializing in professional consulting services. The contract, funded by the Small Business Administration, is worth $250,000 and is for regional innovation clusters. A notable transaction shows that the full amount of $250,000 was obligated on September 27, 2024, for the specified purpose.

Contract Details

Contract ID73351024C0016

Contract TypeD

Total Obligation$250,000.00

Exercised Options$250,000.00

Base Amount + Options$1,250,000.00

Date Signed2024-09-27

Contract DescriptionREGIONAL INNOVATION CLUSTERS FOR THE SMALL BUSINESS ADMINISTRATION (SBA), THE OFFICE OF INVESTMENT AND INNOVATION (OII)

Start Date2024-09-28

End Date2025-05-23

Agency Details

Awarding AgencySmall Business Administration

Awarding Sub AgencySmall Business Administration

Awarding OfficeOFC OF PERF MGMT AND CFO

Funding AgencySmall Business Administration

Funding Sub AgencySmall Business Administration

Funding OfficeOFC OF INVESTMENTS INNOVATIONS

Recipient Details

RecipientBOUNCE INNOVATION HUB

Recipient Location526 S MAIN ST STE 609E AKRON OHIO, UNITED STATES

Business CategoriesCategory Business, Corporate Entity Tax Exempt, Nonprofit Organization, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00001 | $0.00May 23, 2025

Small Business Administration, a sub agency of Small Business Administration, issued a payment of $0.00 to BOUNCE INNOVATION HUB. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $250,000.00September 27, 2024

Small Business Administration, a sub agency of Small Business Administration, issued a payment of $250,000.00 to BOUNCE INNOVATION HUB. The payment included a Subsidy Cost of $0.00.