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RESTORE Act Direct Component - Non-Construction 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

Applying for this funding opportunity could be a game-changer for your business. You'll receive financial support for important non-construction activities that protect and restore the Gulf Coast's natural resources. Projects that enhance tourism, improve local parks, or develop your workforce are eligible, directly benefiting both your business and the local community. With endless possibilities, you can tailor the funding to fit your specific needs and objectives.

What’s more, there are no strict revenue or employee requirements, meaning businesses of any size can thrive here. The funding you receive doesn't require repayment, allowing you to invest in initiatives that create lasting positive impacts without financial burden. This program is not just about growth for your business; it's about nurturing the environment and economy we all share. Being approved could elevate your operations and strengthen your community ties, making it a win-win situation.

Financing Details

Type of Financing
This program offers grants, which means you won’t have to repay the funds if you meet the program requirements.

Repayment Terms and Eligible Expenses
Since this funding is in the form of grants, there are no repayment terms or interest rates involved. The funds can cover various eligible expenses, such as:

  • Restoration and protection of natural resources
  • Workforce development and job creation
  • Improvements to state parks in coastal areas
  • Infrastructure projects benefiting the economy or ecology
  • Planning assistance

Restrictions and Fees
The funds cannot be used for construction projects or any activities requiring permits. There are also no fees associated with applying for or receiving the grant.

Qualifications

  • Location: Must operate in the Gulf Coast region.
  • Eligible Activities: Participation is limited to non-construction activities related to the restoration and protection of natural resources.
  • Employee Requirements: No minimum or maximum number of employees required.
  • Revenue Requirements: No minimum or maximum company revenue qualifications.
  • Legal Structure: All legal structures are eligible.
  • Profit Structure: All profit structures are applicable.

Disqualifications:

  • Construction Activities: Businesses involved in construction or acquisition of real property are not eligible under this program.

Description

This program provides funding for non-construction activities aimed at restoring and protecting natural resources in the Gulf Coast region. If you qualify, you could receive financial support for a variety of projects that directly benefit your business and the ecosystem. This includes workforce development, improvements to coastal parks, and infrastructure projects that bolster the local economy.

The funding can be used for activities such as mitigating damage to wildlife, implementing conservation plans, and even promoting tourism and seafood consumption from the Gulf Coast. There’s flexibility in how you can direct these funds, and they can help enhance your business while contributing to environmental efforts in your area.

There are no strict revenue or employee requirements, meaning businesses of all sizes can participate. You can focus on initiatives that matter most to your operations without worrying about payback, as this program supports sustainable growth for your business and the environment.

Program Steps

  1. Visit the Program Website
    Navigate to the official program website to gather information and access the application form.

  2. Prepare Required Documentation
    Collect the necessary documents for your application. You will likely need:

    • A detailed project proposal outlining your planned activities.
    • Financial statements or tax returns from the previous year.
    • Proof of your business registration and legal structure.
    • Documentation showing your business's impact on the Gulf Coast region.
    • Any supporting materials that highlight your project's benefits to the ecosystem or community.
  3. Complete the Application Form
    Fill out the application form accurately, providing all requested information.

  4. Submit Your Application
    Ensure you submit the completed application along with your documentation by the designated deadline.

  5. Follow Up
    After submission, keep track of your application status. Contact the program support team if you have any questions or need further assistance.

Visit Program Website