CAN BE
ALTERNATIVE
INVESTMENT

NTIA-SDECGP-2024
Misty L Roosa Grantor
Opening date 29 Mar 2024, 12:00AM
Closing date N/A
Funding Opportunity Number: NTIA-SDECGP-2024
Opportunity Category: Discretionary
CFDA Number(s): 11.032 -- State Digital Equity Planning and Capacity Grant
Cost Sharing or Matching Requirement: No
Posted Date: Mar 29, 2024 12:00:00 AM EDT
Closing Date: N/A
Closing Date Details: Complete applications from States (including the 50 states, the District of Columbia, and the Commonwealth of Puerto Rico) must be received no later than 11:59 p.m. Eastern Time (ET) on May 28, 2024 [60 days after issuance of this NOFO]. Complete applications from U.S. Territories (other than the Commonwealth of Puerto Rico) must be received no later than 11:59 p.m. Eastern Time (ET) on July 31, 2024. The application window for Indian Tribes, Alaska Native entities, and Native Hawaiian organizations (“Native Entities”) will open on September 25, 2024 [180 days after issuance of this NOFO], and all Native Entity applications must be received no later than 11:59 p.m. Eastern Time (ET) on February 7, 2025 [315 days after issuance of this NOFO].
Award Ceiling: none
Award Floor: none
Eligible Applicants: Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility: Eligible entities include any State of the United States, the District of Columbia, or Puerto Rico that has completed a Digital Equity Plan that meets the requirements of 47 U.S.C. §1723(c); U.S. Territories that submit a Digital Equity Plan consistent with the obligations of their State Digital Equity Planning Grant award; Native Entities, or a consortium of Native Entities, with the necessary authorizations.
Agency Name: Misty L Roosa Grantor
Description:
The State Digital Equity Capacity Grant Program is the second of three digital equity programs authorized by the Infrastructure Investment and Jobs Act of 2021, Division F, Title III, Public Law 117-58, 135 Stat. 429, 1209 (November 15, 2021) also known as the Digital Equity Act to promote digital inclusion activities and achieve digital equity. The Digital Equity Act consists of three funding programs: (1) the $60 million State Digital Equity Planning Grant Program; (2) the $1.44 billion State Digital Equity Capacity Grant Program; and (3) the $1.25 billion Competitive Grant Program. The State Digital Equity Capacity Grant Program will provide funds to States and U.S. Territories to implement the State Digital Equity Plans developed pursuant to the State Digital Equity Planning Grant Program. The State Digital Equity Capacity Grant Program NOFO also establishes a competitive program to make both State Digital Equity Planning Grant Program funds and State Digital Equity Capacity Grant Program funds available to Native Entities to carry out digital equity and inclusion activities consistent with the Digital Equity Act.
Grantor Contact Information: Angela Thi Bennett Director of Digital Equity, NTIA (202) 482-2048 digitalequity@ntia.gov
Value Ad helps new businesses save 50% to 80% on essential services like marketing and
development. These savings act as an alternative investment, fueling growth.
Service providers gain valuable initial customers, helping them grow and attract investment.
It's a win-win for everyone!
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For accurate details and to apply for grants or loans, please visit the relevant government websites linked within the App/website.
What is Value Ad?
Value Ad is an innovative policy designed to foster a mutually beneficial relationship between two key groups: new businesses and service providers. This policy helps startups save significantly on essential services while enabling service providers to gain valuable traction and growth opportunities.
How is it a Win-Win Deal?
For New Businesses:
Cost Savings: Startups can save 50% to 80% on essential services such as website development and marketing. This means they don’t need to invest heavily upfront, making it easier to launch and grow their business.
Alternative Investment: The money saved through these discounts can be reinvested into other critical areas of the business, acting as an alternative investment that fuels further growth and development.
For Service Providers:
Initial Customer Base: Service providers, often tech startups themselves, can attract a significant number of initial customers by offering their services at a discounted rate. This helps them build traction and demonstrate value, which is crucial for attracting venture capital (VC) funding and other opportunities.
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Alternative Investment for New Businesses:
For new businesses, the significant cost savings achieved through the Value Ad policy effectively serve as an alternative investment. Instead of spending large amounts on website development and marketing, they can leverage the affordable services provided by service providers. The saved funds can be redirected into other strategic areas of the business, enhancing overall growth and sustainability.
Benefits for Service Providers:
Service providers benefit from the Value Ad policy by gaining access to a ready pool of new customers who are drawn by the discounted rates. This initial customer base is crucial for:
Building Traction: Demonstrating product or service viability to potential investors.
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In Summary:
Value Ad is a strategic policy designed to create a win-win scenario for both new businesses and service providers. By offering significant discounts on essential services, startups can save and reinvest those savings, while service providers gain crucial initial customers and market traction. This mutually beneficial arrangement supports the growth and success of both groups, making Value Ad a powerful tool for business development and investment.
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