Action for Children Selects IntelliCloud To Assist With Management Of ARPA Funds Distribution
Portfolio Pulse from Happy Mohamed
Intellinetics, Inc. (INLX) has been selected by Action for Children to implement its IntelliCloud electronic document management platform. The platform will be used to administer child care scholarships funded with multi-million dollars of American Rescue Plan money. The program provides $11.4 million in early learning scholarships to an estimated 1,250 students eligible for up to $10,000 per year in scholarships.

September 07, 2023 | 8:28 pm
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POSITIVE IMPACT
Intellinetics' partnership with Action for Children to implement its IntelliCloud platform for managing American Rescue Plan funds could potentially boost the company's reputation and revenues.
The news of Intellinetics' partnership with Action for Children is directly relevant to the company and its stock. The implementation of its IntelliCloud platform for managing significant funds from the American Rescue Plan could enhance the company's reputation and potentially increase its revenues, which could positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100