- $544,702.30 to Amazon.
- $297,664.67 to Cask NX.
- $16,192,071.96 to Curative-Korva. Curative acquired KorvaLabs Inc. in May 2020; the new entity secured U.S. Food and Drug Administration approval and created a COVID-19 testing facility capable of providing 5,000 daily tests. Curative’s work with Los Angeles includes providing tests and vaccines at drive-through, kiosk and mobile sites.
- $202,322.54 to Insight Public Sector.
- $218,150.83 to Oracle Corp.
- $62,500 to Seegene Technologies, which offers technologies around diagnostics and automation.
How City of LA Spent COVID Funds on Tech
Here’s a look at where the nation’s second-largest city by population spent some of the federal Coronavirus Relief Funds it received with technology and innovation companies.
(Shutterstock)
Los Angeles, the nation’s second-largest city, with a population of nearly 4 million residents, received more than $694 million in Coronavirus Relief Funds (CRF) from the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, which became law on March 27, 2020. State and local governments have until Dec. 31 to make expenditures from that funding. So far, the city has allocated nearly $541 million of what it received to 107 subrecipients, including several technology and innovation companies. In each instance, it’s not clear exactly what was purchased — but these amounts could well reflect more than one engagement, project or initiative.
