This program is an exceptional chance for growth while contributing positively to the environment. By applying, you could access financial assistance ranging from $100,000 to $1.5 million over three years, helping your business engage in critical habitat restoration projects for the Atlantic salmon. This means you can invest in necessary activities like planning, engineering design, and on-the-ground implementation, all while receiving substantial support for your endeavors.

The multi-year cooperative agreements ensure you have the resources to see your project through to completion. Additionally, with no revenue requirements, your business can take part, regardless of size or current financial status. Receiving this funding can elevate your business profile, connect you with stakeholders, and open doors to new opportunities that enhance both your community and the environment.

Type of Financing: Grant

This program offers funding through grants, specifically designed for habitat restoration projects related to the Gulf of Maine Distinct Population Segment of Atlantic salmon. Grants are typically non-repayable, meaning you do not have to pay them back, allowing you to focus on the project without the stress of repayment.

Funding Amount and Duration

• Awards will range from $100,000 to $700,000 over a maximum of three years.
• The total federal funding request cannot exceed $1.5 million for selected proposals.
• The initial funding allocation for FY24 is expected to be approximately $700,000.

Eligible Expenses

Funds can be utilized for a variety of activities, including:

• Feasibility studies
• Planning and assessments linked to restoration
• Engineering design and permitting
• On-the-ground implementation
• Pre- and post-removal monitoring
• Stakeholder engagement

Ineligible Expenses and Fees

Funds cannot be used for any expenses not directly tied to the restoration activities outlined above. There are no specified fees associated with the program, which enhances its attractiveness for businesses like yours.

• Location: Must be in the Gulf of Maine region.
• Employee Requirements:
  • No minimum number of employees required.
  • No maximum number of employees required.
• Revenue Requirements:
  • No minimum company revenue qualifications.
  • No maximum company revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• Proposals with a federal funding request of less than $100,000.
• Proposals with a federal funding request of more than $1.5 million total over three years.

This program offers substantial financial support for projects focused on restoring habitats for Atlantic salmon in the Gulf of Maine. You can request funding between $100,000 and $1.5 million over a span of three years. This money can be used for a variety of activities, including feasibility studies, planning, engineering design, and on-the-ground implementation. It’s all about improving fish passage and making habitat connections.

The funding will be administered through multi-year cooperative agreements, ensuring you have the resources needed to complete your projects effectively. Up to $700,000 is available in the first year to kickstart selected initiatives. There are no minimum or maximum revenue requirements, so your business can seize this chance to contribute to important environmental efforts while boosting its own growth.