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Small Business Administration Awarded a Contract to APPLIED RESEARCH INSTITUTE INC for $2,499,776.00

Signed on

9/27/2024, 12:00 AM

APPLIED RESEARCH INSTITUTE INC Government Contract #73351024C0025

APPLIED RESEARCH INSTITUTE INC was awarded a contract with the United States Government for $2,499,776.00. 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 Applied Research Institute Inc, located in Indiana. The contract is for regional innovation clusters for the Small Business Administration, funded by the Small Business Administration, with a total obligation of $499,955. A notable transaction shows the initial transaction amount of $499,955 on September 27, 2024.

Contract Details

Contract ID73351024C0025
Contract TypeD
Total Obligation$499,955.00
Exercised Options$499,955.00
Base Amount + Options$2,499,776.00
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

RecipientAPPLIED RESEARCH INSTITUTE INC
Recipient Location2719 E 10TH ST BLOOMINGTON INDIANA, 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 APPLIED RESEARCH INSTITUTE INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$499,955.00September 27, 2024

Small Business Administration, a sub agency of Small Business Administration, issued a payment of $499,955.00 to APPLIED RESEARCH INSTITUTE INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$0.00August 3, 2025

Small Business Administration, a sub agency of Small Business Administration, issued a payment of $0.00 to APPLIED RESEARCH INSTITUTE INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$-231,653.50July 8, 2025

Small Business Administration, a sub agency of Small Business Administration, issued a payment of $-231,653.50 to APPLIED RESEARCH INSTITUTE INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001$0.00May 23, 2025

Small Business Administration, a sub agency of Small Business Administration, issued a payment of $0.00 to APPLIED RESEARCH INSTITUTE INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$499,955.00September 27, 2024

Small Business Administration, a sub agency of Small Business Administration, issued a payment of $499,955.00 to APPLIED RESEARCH INSTITUTE INC. The payment included a Subsidy Cost of $0.00.

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