Michigan Recoverable Grant Agreement

• Category: Corporations - Startup - Venture Financing Process
• State: Multi-State
• Control #: US-ENTREP-0052-3
• Format: Word; Rich Text

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. Keywords: Michigan, Recoverable Grant Agreement, types Description: The Michigan Recoverable Grant Agreement is a legally binding contract between the State of Michigan and a recipient organization that provides financial assistance in the form of a grant. The agreement encompasses specific terms and conditions regarding the funding, use of funds, repayment requirements, and reporting obligations. There are different types of Michigan Recoverable Grant Agreements, tailored to specific circumstances and project needs. These types include: 1. Economic Development Recoverable Grant Agreement: This type of agreement aims to promote economic growth and development within the state of Michigan. It is typically offered to businesses, organizations, or municipalities undertaking projects that will result in job creation, increased tax revenues, and enhanced economic vitality. 2. Environmental Recoverable Grant Agreement: This grant agreement is designed to support initiatives that contribute to environmental conservation, sustainability, and ecological improvement. It serves as a means to fund programs and projects related to the protection of natural resources, clean energy initiatives, pollution reduction, and environmental education. 3. Research and Innovation Recoverable Grant Agreement: This type of agreement is targeted towards research institutions, universities, and organizations involved in scientific research and innovative projects. It provides funding for cutting-edge research initiatives, technology development, and the commercialization of breakthrough discoveries. 4. Infrastructure Recoverable Grant Agreement: This agreement focuses on supporting infrastructure development and improvement projects across the state of Michigan. The funding provided through this agreement is primarily directed towards enhancing transportation networks, utilities, public facilities, and community infrastructure. Each type of Michigan Recoverable Grant Agreement has specific eligibility criteria, application procedures, and repayment terms. The terms and conditions within the agreement outline the repayment schedule, interest rates (if applicable), performance milestones, and the consequences of non-compliance. It is essential for the recipient organization to thoroughly review and understand the terms of the Michigan Recoverable Grant Agreement before accepting the funds. Compliance with the agreement's provisions ensures the successful implementation of the project, the appropriate use of funds, and the timely repayment of the grant.

Keywords: Michigan, Recoverable Grant Agreement, types Description: The Michigan Recoverable Grant Agreement is a legally binding contract between the State of Michigan and a recipient organization that provides financial assistance in the form of a grant. The agreement encompasses specific terms and conditions regarding the funding, use of funds, repayment requirements, and reporting obligations. There are different types of Michigan Recoverable Grant Agreements, tailored to specific circumstances and project needs. These types include: 1. Economic Development Recoverable Grant Agreement: This type of agreement aims to promote economic growth and development within the state of Michigan. It is typically offered to businesses, organizations, or municipalities undertaking projects that will result in job creation, increased tax revenues, and enhanced economic vitality. 2. Environmental Recoverable Grant Agreement: This grant agreement is designed to support initiatives that contribute to environmental conservation, sustainability, and ecological improvement. It serves as a means to fund programs and projects related to the protection of natural resources, clean energy initiatives, pollution reduction, and environmental education. 3. Research and Innovation Recoverable Grant Agreement: This type of agreement is targeted towards research institutions, universities, and organizations involved in scientific research and innovative projects. It provides funding for cutting-edge research initiatives, technology development, and the commercialization of breakthrough discoveries. 4. Infrastructure Recoverable Grant Agreement: This agreement focuses on supporting infrastructure development and improvement projects across the state of Michigan. The funding provided through this agreement is primarily directed towards enhancing transportation networks, utilities, public facilities, and community infrastructure. Each type of Michigan Recoverable Grant Agreement has specific eligibility criteria, application procedures, and repayment terms. The terms and conditions within the agreement outline the repayment schedule, interest rates (if applicable), performance milestones, and the consequences of non-compliance. It is essential for the recipient organization to thoroughly review and understand the terms of the Michigan Recoverable Grant Agreement before accepting the funds. Compliance with the agreement's provisions ensures the successful implementation of the project, the appropriate use of funds, and the timely repayment of the grant.