Small Business Administration Awarded a Contract to LSI BUSINESS DEVELOPMENT INC for $2,498,771.90

Q: Where is LSI BUSINESS DEVELOPMENT INC located?

1530 LAYTON HILLS PKWY LAYTON UTAH UNITED STATES

Signed on

9/27/2024, 12:00 AM

LSI BUSINESS DEVELOPMENT INC Government Contract #73351024C0024

LSI BUSINESS DEVELOPMENT INC was awarded a contract with the United States Government for $2,498,771.90. 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

LSI Business Development Inc. is the recipient of a federal contract worth $499,945.20. The contract is for regional innovation clusters for the Small Business Administration and the Office of Investment and Innovation. The funding agency is the Small Business Administration. Notable spending includes a transaction amount of $499,945.20 for the contract.

Contract Details

Contract ID73351024C0024

Contract TypeD

Total Obligation$499,945.20

Exercised Options$499,945.20

Base Amount + Options$2,498,771.90

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

RecipientLSI BUSINESS DEVELOPMENT INC

Recipient Location1530 LAYTON HILLS PKWY LAYTON UTAH, UNITED STATES

Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, Subchapter S Corporation, 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 LSI BUSINESS DEVELOPMENT INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $499,945.20September 27, 2024

Small Business Administration, a sub agency of Small Business Administration, issued a payment of $499,945.20 to LSI BUSINESS DEVELOPMENT INC. The payment included a Subsidy Cost of $0.00.