Small Surface Water and Groundwater Storage Projects (Small Storage Program)
Highlights
This program offers a fantastic opportunity for your business to enhance water management solutions in your area. With federal funding, you can access resources for planning, designing, or constructing water storage projects. By applying, you’ll benefit from improved water reliability, which is essential for your operations and community resilience, especially in the face of climate change.
The best part? This funding comes as grants, meaning you won't have any repayment obligations. You can invest in your business without adding financial stress. Moreover, better water management not only strengthens your business but also contributes positively to the environment and the community, opening up new growth opportunities.
This program is tailored for businesses like yours, allowing you to pivot and adapt to an evolving landscape while ensuring you have a stable water supply. Don’t miss out on a chance to secure valuable resources to support your goals.
Financing Details
Type of Financing
This program offers cost-shared funding for small surface water and groundwater storage projects. This can include both grants and repayable sums based on project needs and the funding structure.
Repayment Terms and Eligible Expenses
The funds typically come with manageable repayment terms if a repayable sum is issued. The interest rates are competitive, reflecting current market rates. Eligible expenses can cover planning, design, and construction costs associated with your water storage project. This can help you enhance municipal and irrigation water supplies.
Restrictions and Fees
Funds cannot be used for ongoing operational costs or projects that do not align with sustainability goals. There are minimal fees associated with this program, ensuring you keep more of your funding for your project.
Qualifications
- Location: Available in the Western United States.
- Sectors: Open to all sectors.
- Employees: No minimum or maximum number of employees required.
- Company Revenue: No minimum or maximum revenue qualifications.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
Disqualifications: None specified.
Description
This program offers federal funding to help you improve water storage solutions in your area. By participating, your business can access resources to support planning, designing, or constructing water storage projects. This funding is crucial because it helps stretch the limited water supply in the Western United States, ensuring that you can provide stable water resources for your projects.
You don't need to worry about payback conditions, as this program is primarily focused on grants. This means the funding can be used without the burden of repayment, allowing you to invest in your business without added financial stress. Enhanced water management not only benefits your operations but also contributes to community resilience against climate change.
In short, tapping into this funding can help you increase the reliability of your water supplies and create new opportunities for your business. Improved water management leads to stronger growth, increased flexibility, and potential benefits for the environment and your community.
Program Steps
Visit the Program Website
Go to the official program website to understand the details and requirements.Prepare the Appropriate Documentation
Gather the necessary documents for your application, including:- Business identification (e.g., EIN, LLC registration)
- Project plan, outlining your proposed water storage project
- Financial statements (e.g., balance sheet, income statement)
- Evidence of your business’s operational capacity
Fill Out the Application Form
Complete the online application form accurately, providing all required information.Submit Your Application
Review your application for accuracy and completeness, then submit it through the designated platform.Await Confirmation
Once submitted, you will receive a confirmation email. Keep an eye out for any additional information or steps required.Participate in Follow-Up Communications
Be available to answer any questions or provide further documentation if requested during the review process.