“There's a fundamental distinction between strategy and operational effectiveness”
Michael Porter
Economist, Researcher, Author, Advisor, Speaker & Teacher
Total Available For Award: $3.1 Billion
Operational Overhead Narrative:
This section represents the program’s operational budget. That includes administration salary, travel, conducting hearings and overall publicity. It also includes funds spent for the creation or analysis of need assessment studies. Any expenses over $2,000 (two thousand dollars), must be approved by the MEDA Governing Board.
Goals & Objectives: establish programs that
- Money will be spent on MEDA overhead only;
- All earmarked money will apply to professional staff hired to oversee not just MEDA operations, but also staff for regional operations;
- Transparency
Awards Time Line
- Year 1: Available: $50M
- Year 2: Available: $100M
- Year 3: Available: $150M
- Year 4: Available: $250M
- Year 5: Available: $300M
- Year 6: Available: $350M
- Year 7: Available: $400M
- Year 8: Available: $450M
- Year 9: Available: $500M
- Year 10: Available: $550M
Needs: Money will be used in the following areas
- Travel
- Equipment
- Offices
- Salaries/bonuses
- PR
- Hearings
Notes
- All expenses over $2,000 will be approved by the Board
- $3 Billion over the life of the product