Economic Development Authority of the City of Hampton Innovation & Technology Committee Agenda Packet 2026-06-10
EDA Recommends FY27 REAKTOR Grant to StartWheel Corporation
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Description
The Innovation & Technology Committee discussed and recommended a FY27 grant of $204,454 to StartWheel Corporation (dba Innovate Hampton Roads) to continue management and operation of REAKTOR, pending a grant agreement with measurable outcomes.
Contract Details
Contract Amount
$204,454 (proposed)
Vendor
STARTWHEEL CORPORATION DBA INNOVATE HAMPTON ROADS
Agency
City of Hampton, VA
Contract Type
OTHER
Document Date
June 10, 2026
Contract Term
FY27 (July 1, 2026 – June 30, 2027)
Renewal Date
2027-06-30
Renewal Info
Continuation of annual grant. EDA Board approval and agreement execution pending; new grant agreement with measurable outcomes required annually.
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