Wake North Carolina Recoverable Grant Agreement

State:
Multi-State
County:
Wake
Control #:
US-ENTREP-0052-3
Format:
Word; 
Rich Text
Instant download

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. The Wake North Carolina Recoverable Grant Agreement (RGA) is a financial assistance program provided by the Wake County government to support economic development and growth within the region. This grant agreement is aimed at promoting job creation, business expansion, and community development by offering recoverable grants to eligible entities. The RGA enables eligible businesses, non-profit organizations, startups, and local governments to access financial resources through a grant agreement that must be repaid in certain defined circumstances. The recoverable nature of the grants means that if the recipient organization doesn't fulfill certain agreed-upon obligations, such as creating and retaining a specified number of jobs, they may be required to repay a portion or the entire granted amount. The Wake North Carolina Recoverable Grant Agreement encompasses various types of grants tailored to fulfill specific purposes and meet specific eligibility criteria. Some key types of RGA grants include: 1. Job Creation Grants: These grants aim to incentivize businesses to create new jobs within Wake County. Companies meeting the eligibility requirements can apply for financial assistance to offset costs related to hiring, training, and other expenses associated with job creation. 2. Business Expansion Grants: These grants target existing businesses in Wake County that demonstrate plans for expansion that will result in increased employment and economic activity. The funds awarded under this grant can be used to support capital investment, facility expansion, or technology upgrades. 3. Community Development Grants: Wake County offers grants to local governments and non-profit organizations that contribute to the overall economic development and welfare of the region. These grants can be utilized to support infrastructure development, affordable housing initiatives, workforce training programs, and other community enhancement projects. 4. Innovation Grants: The RGA also includes grants aimed at fostering innovation and supporting startups and entrepreneurs in Wake County. These funds can assist in product research and development, prototyping, commercialization, and market entry strategies. It is important to note that each type of grant within the Wake North Carolina Recoverable Grant Agreement has its own specific requirements and evaluation criteria. Applicants must demonstrate the potential economic impact, feasibility, and sustainability of their proposal to increase their chances of securing financial assistance. Overall, the Wake North Carolina Recoverable Grant Agreement serves as a crucial tool in attracting and supporting businesses, organizations, and local governments in driving economic progress and prosperity in Wake County.

The Wake North Carolina Recoverable Grant Agreement (RGA) is a financial assistance program provided by the Wake County government to support economic development and growth within the region. This grant agreement is aimed at promoting job creation, business expansion, and community development by offering recoverable grants to eligible entities. The RGA enables eligible businesses, non-profit organizations, startups, and local governments to access financial resources through a grant agreement that must be repaid in certain defined circumstances. The recoverable nature of the grants means that if the recipient organization doesn't fulfill certain agreed-upon obligations, such as creating and retaining a specified number of jobs, they may be required to repay a portion or the entire granted amount. The Wake North Carolina Recoverable Grant Agreement encompasses various types of grants tailored to fulfill specific purposes and meet specific eligibility criteria. Some key types of RGA grants include: 1. Job Creation Grants: These grants aim to incentivize businesses to create new jobs within Wake County. Companies meeting the eligibility requirements can apply for financial assistance to offset costs related to hiring, training, and other expenses associated with job creation. 2. Business Expansion Grants: These grants target existing businesses in Wake County that demonstrate plans for expansion that will result in increased employment and economic activity. The funds awarded under this grant can be used to support capital investment, facility expansion, or technology upgrades. 3. Community Development Grants: Wake County offers grants to local governments and non-profit organizations that contribute to the overall economic development and welfare of the region. These grants can be utilized to support infrastructure development, affordable housing initiatives, workforce training programs, and other community enhancement projects. 4. Innovation Grants: The RGA also includes grants aimed at fostering innovation and supporting startups and entrepreneurs in Wake County. These funds can assist in product research and development, prototyping, commercialization, and market entry strategies. It is important to note that each type of grant within the Wake North Carolina Recoverable Grant Agreement has its own specific requirements and evaluation criteria. Applicants must demonstrate the potential economic impact, feasibility, and sustainability of their proposal to increase their chances of securing financial assistance. Overall, the Wake North Carolina Recoverable Grant Agreement serves as a crucial tool in attracting and supporting businesses, organizations, and local governments in driving economic progress and prosperity in Wake County.

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Wake North Carolina Recoverable Grant Agreement