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RESTORE Act Direct Component – Construction and Real Property Acquisition Activities

Up to $110,000,000
Type
GRANTS AND FUNDING
Application Difficulty
EASY
Application DeadlineOctober 31, 2024
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed specifically for businesses like yours, focused on construction and real property acquisition activities that enhance the Gulf Coast region. It's not just about funding; it's about making a meaningful impact on the environment and economy. You can receive financial support for various initiatives, from restoring natural habitats to improving coastal parks and enhancing tourism-related services.

There’s no payback period attached to this funding, meaning you can invest resources into ambitious projects without the worry of repayment. Additionally, the grants cover federal and state-required permits, simplifying the process for you. This is an excellent chance to boost your business while contributing positively to your community and the Gulf Coast's health.

By applying, you not only have a chance to secure vital funding but also to play a key role in restoring and protecting the beautiful coastal areas we all cherish. With no limits on how much you can access, you have the flexibility to take on major projects that align with your business goals and values. Invest in your business and the Gulf Coast ecosystem today.

Financing Details

Type of Financing
This program offers grants specifically for eligible construction and real property acquisition activities. Grants mean that you do not have to repay the money, as long as you comply with the program guidelines.

Repayment Terms and Eligible Expenses
There is no repayment term or interest since this is a grant. The funds can be used for a variety of eligible expenses, including:

  • Restoration and protection of natural resources and ecosystems
  • Infrastructure projects that benefit the economy and ecological resources
  • Workforce development and job creation
  • Improvements to state parks in the Gulf Coast
  • Coastal flood protection

Restrictions and Fees
Funds cannot be used for activities that don't involve construction, land acquisition, or environmental restoration. Additionally, there may be administrative costs associated with the grant application process, but no hidden fees will surprise you later on.

Qualifications

  • Location: Must operate in the Gulf Coast region.
  • Eligible Activities:
    • Construction and real property acquisition
    • Environmental restoration projects
  • Employee Requirements:
    • No minimum or maximum number of employees required.
  • Revenue Requirements:
    • No minimum or maximum revenue qualifications.
  • Legal Structure:
    • All legal structures are applicable.
  • Profit Structure:
    • All profit structures are applicable.

Disqualifiers:

  • Ineligible activities include anything that does not involve construction, land acquisition, or environmental restoration. These should be submitted under a different funding opportunity.
  • Activities that require a permit from a federal or state agency that are not related to eligible construction and real property acquisition activities.

Description

This program aims to provide funding for construction and real property acquisition activities in the Gulf Coast region. If your business is involved in projects that restore the environment or enhance local infrastructure, this is a valuable opportunity. You can receive financial support for initiatives such as restoring natural habitats, improving coastal parks, or enhancing tourism-related services.

Funds can be allocated to various activities, including environmental restoration, infrastructure improvements, and workforce development. There are no set limits on how much money you can access, giving you the flexibility to pursue ambitious projects. Importantly, these grants cover both federal and state-required permits, streamlining the process for you.

There’s no payback period as this funding is structured as a grant. That means you can focus on making a positive impact in your community and environment without the stress of repaying the funds. This program opens doors for your business to contribute to the Gulf Coast's health and economy while benefiting from available resources.

Program Steps

  1. Gather Necessary Documentation
    Prepare the following documents for your application:

    • Business registration details
    • Project proposals outlining your initiatives
    • Environmental impact assessments (if applicable)
    • Budget estimates for project costs
    • Proof of existing permits or details of any permits required
  2. Complete the Application Form
    Fill out the application form with accurate information about your business and project.

  3. Submit Your Application
    Send your completed application along with all supporting documents to the designated program office.

  4. Follow Up on Your Submission
    Check the status of your application after submission. Reach out to the program office if you have any questions or need clarification.

  5. Prepare for Possible Site Visits
    Be ready for potential site visits or discussions with program representatives to further evaluate your project.

  6. Review and Understand Grant Conditions
    Familiarize yourself with the terms and conditions of the grant once you are approved to ensure compliance throughout the project.

  7. Start Your Project
    Upon receiving the funds, begin your project as outlined in your application, tracking expenditures to match your budget estimates.

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