The South Carolina Recoverable Grant Agreement is a legal contract between the state of South Carolina and a recipient organization or individual, providing financial assistance for a specified project or program. This grant agreement is designed to stimulate economic development, advance research and innovation, enhance public infrastructure, and support key initiatives in various sectors across the state. Keywords: South Carolina, recoverable grant agreement, legal contract, financial assistance, economic development, research and innovation, public infrastructure, key initiatives. There are several types of South Carolina Recoverable Grant Agreements that cater to specific areas of focus and eligibility criteria. Some different types include: 1. Economic Development Grants: These grants aim to promote job creation, business expansion, and industry growth within South Carolina. They are targeted towards businesses, industries, and non-profit organizations involved in various sectors such as manufacturing, technology, agriculture, tourism, and healthcare. 2. Research and Innovation Grants: These grants are intended to support scholarly research, technological advancements, and innovation in South Carolina. They target universities, research institutions, and qualified individuals engaged in scientific and technological projects that have the potential to foster innovation, create new intellectual property, and generate economic growth. 3. Infrastructure Grants: These grants are focused on improving public infrastructure in South Carolina, including transportation systems, utilities, broadband connectivity, affordable housing, and community development projects. They aim to enhance the overall quality of life for residents and attract investment and economic opportunities to the state. 4. Community Development Grants: These grants are directed towards non-profit organizations, local municipalities, and community-based initiatives that contribute to the well-being and growth of underserved communities in South Carolina. They support projects related to education, healthcare, social services, affordable housing, and cultural enrichment. 5. Environmental Grants: These grants provide financial assistance for projects and programs that help preserve and protect the environment, natural resources, and wildlife habitats in South Carolina. They focus on initiatives related to conservation, renewable energy, water quality improvement, land restoration, and sustainable agriculture. Overall, the South Carolina Recoverable Grant Agreement offers a wide range of opportunities for organizations and individuals to receive financial support and contribute to the development and growth of the state in various sectors.
South Carolina Recoverable Grant Agreement
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How to fill out South Carolina Recoverable Grant Agreement?
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FAQ
In May 2022, the SC General Assembly passed its plan to allocate a majority of the state's ARP dollars. The allocation includes $900 million to create the SC Infrastructure Investment Program, a major one-time initiative to improve water, wastewater and stormwater systems throughout the state.
The American Rescue Plan Act specifies eligible costs incurred between March 3, 2021 and December 31, 2024. The California 2021-22 Budget Act, as amended by Chapter 2 of the Statutes of 2022, included language to allow time to reallocate unspent funds and provide some additional flexibility on timing.
To apply: Register in Grants.gov ? Download the corresponding Certificate and Agreement and Program Profile and complete offline and submit through grants.gov. Complete the Application for Federal Assistance (SF-424).
$1,400 per-person checks People making up to $80,000 will receive partial payments. Those with dependents will receive $1,400 per person, including college students and seniors claimed as dependents.
Eligible uses of these funds include: COVID-19 expenditures or negative economic impacts of COVID-19, including assistance to small businesses, households, and hard-hit industries, and economic recovery, Premium pay for essential workers, Investments in water, sewer, and broadband infrastructure.
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.