Economic Development Authority of the City of Hampton Innovation & Technology Committee Agenda Packet 2026-06-10
EDA Awards FY26 REAKTOR Grant to StartWheel Corporation
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Description
The Economic Development Authority Innovation & Technology Committee recommended and approved a $199,300 Center of Excellence grant to StartWheel Corporation (dba Innovate Hampton Roads) to operate REAKTOR for FY26. Funds are disbursed monthly, contingent on meeting measurable outcomes and reporting requirements.
Contract Details
Contract Amount
$199,300
Vendor
STARTWHEEL CORPORATION DBA INNOVATE HAMPTON ROADS
Agency
City of Hampton, VA
Contract Type
OTHER
Document Date
June 10, 2026
Contract Term
July 1, 2025 - June 30, 2026
Renewal Date
2026-06-30
Renewal Info
Annual grant, subject to performance and EDA approval; subject to measurable outcomes, monthly updates, and reporting. Prior year grant similar in structure.
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