The Nevada Recoverable Grant Agreement is a legal contract established between the state of Nevada and an individual or organization to provide financial assistance for specific projects, programs, or initiatives. This agreement outlines the terms and conditions under which the grant funds are provided and the obligations that the recipient must fulfill. The purpose of the Nevada Recoverable Grant Agreement is to support projects that have the potential to generate economic growth, create jobs, or improve the overall well-being of the state and its residents. The grant funds are typically awarded to eligible entities such as businesses, nonprofits, or local government agencies. The Nevada Recoverable Grant Agreement is often structured as a recoverable grant, meaning that the funds provided are expected to be returned to the state, either partially or in full, under certain circumstances. This repayment may be triggered when the recipient achieves specific financial milestones, project milestones, or by a predetermined timeline. The recoverable nature of the grant helps ensure that the funds are reinvested into other projects, maintaining a sustainable cycle of financial support for the state. There are several types of Nevada Recoverable Grant Agreements that can be offered depending on the nature of the project or program. Some common types include: 1. Economic Development Grants: These grants are aimed at supporting businesses or initiatives that contribute to the growth and diversification of Nevada's economy. They may focus on industries such as technology, manufacturing, renewable energy, or tourism. 2. Workforce Development Grants: These grants target programs or projects that enhance the skills and employability of Nevada's workforce. This could include job training programs, apprenticeships, or initiatives that support underrepresented communities. 3. Infrastructure Grants: These grants are provided to support the development or improvement of critical infrastructure in Nevada, such as transportation networks, utilities, or public facilities. This type of grant aims to boost economic development and improve the overall quality of life for residents. 4. Community Development Grants: These grants focus on initiatives that address community needs, such as affordable housing, healthcare services, education programs, or environmental conservation efforts. They are designed to enhance the well-being and livability of Nevada's communities. It is essential for applicants and recipients of the Nevada Recoverable Grant Agreement to carefully review and understand the terms and conditions of the agreement, including the repayment obligations and performance requirements. Compliance with these conditions is crucial to ensure the successful utilization of grant funds and the continued support of the state's economic and community development goals.
Nevada Recoverable Grant Agreement
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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.
Nevada State Access Grant Funded from both state and institutional sources, these grants are awarded on a first-come, first-served basis to both undergraduate and graduate students eligible to receive Federal Student Aid with a Pell-eligible EFC based on their FAFSA®.
The TEACH Grant program is a federal program that provides grants of up to $4,000 annually to students who are pursuing or completing course work and degree programs to start a career in teaching.
The Agreement includes: this letter ? the Grant schedule (attachment A) ? the Grant terms and conditions (attachment B) ? your application ? the grant opportunity guidelines applicable on the date you submitted your application.
Hear this out loud PauseThe Nevada Pell Grant is used for attending college. You can use this grant at any college in Nevada as long as the participate in the Federal Student Aid Program. If your school has a 6 digit federal school code. You will be able to know if you are eligible for the Nevada Pell Grant by your EFC.
Hear this out loud PauseNevada Guarantee The award guarantees eligible undergraduate students a combination of gift awards (including but not limited to grants, scholarships, stipends and tuition/fee waivers) which will cover registration in 15 credits and mandatory fees and books each fall and spring semester. Funding occurs in late summer.
Hear this out loud PauseSystemwide, the priority is to award a SUG at least equal to the amount of the State University Fee ($5,742 for undergraduates; $6,660 for students in teaching credential programs; and $7,176 for graduate and postbaccalaureate students) to eligible students who apply for financial aid by March 2; who have an Expected ...
Hear this out loud PauseUnder the SSOG Program, need based grants will be awarded to eligible low income students who are college-ready to pay for a portion of the cost of education at a community college or state college within the Nevada System of Higher Education (NSHE).