FY25 NOAA Marine Debris Removal under the Bipartisan Infrastructure Law
Highlights
This funding opportunity can significantly benefit your business by providing between $1,000,000 and $10,000,000 for large marine debris removal projects. These projects not only enhance the coastal and marine environments but also have the potential to create a lasting positive impact on your local community and economy. With support from this program, you can lead initiatives that tackle pressing environmental challenges while boosting the resilience of coastal resources.
One of the most compelling advantages is that this funding comes in the form of grants, meaning you won’t have to worry about repayment. This allows your business to focus on executing impactful projects without the financial burden. By securing this grant, you'll position your business as a leader in environmentally transformative efforts, opening doors to future opportunities and enhancing your reputation within the community.
Ready to take action? This program is accessible to all sectors, with no minimum revenue requirements. Apply before January 31, 2025, and unlock the potential for growth and positive change.
Financing Details
Type of Financing
This program offers a grant to support large marine debris removal projects. Grants do not require repayment, making them an excellent opportunity to fund impactful initiatives without adding debt.
Funding Amount and Terms
- Minimum federal request: $1,000,000
- Maximum federal request: $10,000,000
- Typical funding requests range from $2,000,000 to $6,000,000
- There are no interest rates or repayments involved with this grant.
Eligible and Ineligible Expenses
Eligible expenses include costs directly associated with marine debris assessment, removal, and prevention projects. Funds cannot be used for expenses unrelated to these specific activities. As for fees, there are no additional fees associated with this program.
Qualifications
- Letter of Intent (LOI): Must submit an LOI by September 27, 2024, at 11:59 p.m. Eastern time.
- Full Proposal Submission: If invited, submit a full proposal via Grants.gov by January 31, 2025, at 11:59 p.m. Eastern time.
- Project Type: Supports large marine debris removal projects.
- Funding Amount:
- Minimum federal request: $1,000,000
- Maximum federal request: $10,000,000
- Typical funding request: $2,000,000 to $6,000,000
- Location: Available across the country.
- Sectors: Open to all sectors.
- Employees: No minimum or maximum number of employees required.
- Company Revenue: No minimum or maximum revenue qualifications.
- Legal Structures: All legal structures are applicable.
- Profit Structures: All profit structures are applicable.
Description
This program provides substantial funding for your business, ranging from $1,000,000 to $10,000,000. This money can be used for large marine debris removal projects that aim to improve coastal and marine environments. Such projects not only help the ecosystem but also can positively impact your local community and economy.
Securing funding through this program means you can lead transformational changes in your area. You will be able to address crucial environmental issues while enhancing the resilience of coastal resources. The funding allows you to execute impactful projects that are eligible for review and support under the Bipartisan Infrastructure Law.
When it comes to repayment, you’ll find that this funding is structured as a grant, which means it doesn’t need to be paid back. This opens doors for your business to undertake projects that make a real difference without worrying about financial strains later on.
Program Steps
Identify Your Project
Define the marine debris removal project you want to undertake. Ensure it aligns with the program's goals of improving coastal and marine environments.Gather Appropriate Documentation
Prepare the necessary documents for your application. You will likely need:- A project proposal outlining your goals and methods
- A budget plan detailing how the funds will be used
- Proof of your business's legal structure
- Any environmental assessments or permits related to your project
- Resumes of key team members involved in the project
Create an Application Account
Visit the program's online platform and create an account. This will allow you to access the application form and submit your documents.Complete the Application Form
Fill out the application form with detailed information about your business, the proposed project, and how it meets the funding criteria.Submit Your Application
Review all the information and documents to ensure accuracy. Once ready, submit your completed application through the online platform.Follow Up
Keep track of your application status. Reach out to the program contact if you have any questions or need further clarification.Prepare for Potential Interviews
Be ready to discuss your project in more detail if selected for an interview. This is your chance to showcase the impact your project will have on the community and environment.