Michigan Recoverable Grant Agreement

State:
Multi-State
Control #:
US-ENTREP-0052-2
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Word; 
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Description

The purpose of the Grant is to support Company's development, dissemination and commercialization of the Company Technology to support the protection and preservation of natural resources and the mitigation of the adverse environmental impacts of climate change, all in furtherance of said company's mission and charitable purpose.

A Michigan Recoverable Grant Agreement is a legally binding contract between the Michigan Economic Development Corporation (MEDC) and a recipient organization, aimed at providing financial assistance to stimulate economic growth and job creation within the state of Michigan. This agreement outlines the terms and conditions under which the grant funding is provided and the requirements that the recipient organization must meet. Keywords: Michigan Economic Development Corporation, recoverable grant, financial assistance, economic growth, job creation, terms and conditions, recipient organization. There are different types of Michigan Recoverable Grant Agreements, including: 1. Business Development Program Grant: This type of grant agreement is designed to support new business development or expansion projects in Michigan. The funds provided can be used for various purposes, such as purchasing equipment, constructing facilities, or hiring and training employees. 2. Public Infrastructure Grant: This grant agreement focuses on infrastructure development projects that contribute to the overall economic development of Michigan. It enables communities to improve their infrastructure, such as roads, water and sewer systems, and utility services, attracting businesses and promoting job growth. 3. Entrepreneurship and Innovation Initiative Grant: This type of grant agreement aims to foster entrepreneurship and innovation within the state by providing financial support to startups and early-stage companies. The funds can be used for research and development, product commercialization, market entry strategies, and business incubator support. 4. Workforce Training Grant: This grant agreement targets workforce development initiatives that enhance the skills and qualifications of Michigan's workforce. It provides funds for training programs, such as apprenticeships, on-the-job training, and vocational education, to bridge the skills gap and increase employment opportunities. 5. Brownfield Redevelopment Grant: This grant agreement focuses on the revitalization of contaminated or underutilized properties, known as brownfield. It provides funding to clean up and redevelop these sites, making them suitable for new businesses, residential developments, or public amenities, which contribute to economic growth and community revitalization. In conclusion, a Michigan Recoverable Grant Agreement is a crucial tool for fostering economic development and job creation within Michigan. By offering financial assistance through various grant programs, the state aims to attract businesses, improve infrastructure, support entrepreneurship, enhance the workforce, and revitalize underutilized properties.

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FAQ

A: Grants differ from donations in that donations tend to be much more general and flexible than grants. A donation can be used to support a nonprofit's programs, services, or operating expenses. It is less common for a donation to have restrictions as to how the funds can be used.

Grant Reporting Template Introduction. In this section, introduce your organization and the project you're reporting on. ... Project Description. Next, provide more details about your project. ... Scope and Demographics. ... Results and Impact. ... Financial Information. ... Conclusion. ... Recommendations.

Recoverable grants are non-exchange transactions and should be reported as revenue when the eligibility requirements are met. If the government has received a recoverable grant, the conditions for recoverability must be disclosed in the notes to the financial statements.

A recoverable grant is a philanthropic tool that provides nonprofit organizations with funding for specific revenue-generating programs and initiatives. If a program meets its financial and impact objectives, the nonprofit may return the grant funds to the donor advised fund for additional grantmaking.

Michigan Quit Claim Deed Form The applicant using the Michigan Quit Claim Form has to fill in the file number, name of drafter and person to return the form to ?when recorded.? Next, the seller fills in his name and address. The seller ?quit claims? to property, address and county in Michigan.

Recoverable grant capital can serve the same purpose for a nonprofit organization. For example ? if a nonprofit is working to test a new, unproven solution to address climate change, they need access to patient risk capital to help them innovate and try new ways to address the problem.

Unlike recoverable grants, loans must be repaid by a borrower regardless of project or grantee financial performance. They may be forgiven by the lender, but they are always considered debt for accounting purposes.

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The Grantee agrees to undertake, perform, and complete the services described in the Grantee's Proposal, Attachment A. (INSERT BRIEF DESCRIPTION OF THE PROJECT ... Purpose: The focus of the program is to: . 4. Statement of Work: The Grantee agrees to undertake, perform and complete the services described in Attachment A, ...This Recoverable Grant Agreement (the “Agreement”), dated as of (the “Effective Date”), is entered into by and between the Community Foundation (“Foundation”), ... Sep 19, 2018 — The Grantee agrees to undertake, perform and complete the services described in ... pending recovery of the outstanding advance from a prior ... Oct 8, 2019 — The Grantee agrees to undertake, perform and complete the services described in ... in the Grantee's financial records until fully recovered by ... Mar 24, 2022 — The bill would create the. Learning Loss Recovery Fund to fund the grants and program administration. The bill also would require the Department ... A grant must be disbursed within 60 days after the date that the Michigan veterans affairs agency receives a completed and signed grant agreement from the ... Please include your organization's Michigan VSS/SIGMA number in the grant acceptance letter attached to your organization's Relief Fund application in SMApply. The Michigan Economic Development Corporation (MEDC) must complete several steps to receive CDBG-DR funds. These tasks include conducting Unmet and Mitigation ... May 11, 2023 — MEDC will award funds to local governments to address unmet recovery and mitigation needs. The CDBG-DR funding is designed to address the needs ...

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Michigan Recoverable Grant Agreement