You have a unique opportunity to participate in a program aimed at promoting electric bicycle use among low-income individuals. By joining this initiative, your business can access funding incentives that make e-bikes more affordable, attracting more customers eager for sustainable transportation. When consumers see the tangible savings at the time of purchase, they are more likely to choose e-bikes over traditional vehicles, leading to increased sales for your business.

This program will not only help grow your customer base but also enable you to be part of a larger movement promoting clean transportation and reduced greenhouse gas emissions. Your role in providing electric bicycles positions your business as a champion of environmental stewardship and public health. Additionally, the inclusion of a virtual bike safety class will enhance consumer confidence and adoption rates, making your offering even more appealing.

Investing your efforts here can lead to lasting benefits for your business and the community. Participating in such a progressive initiative highlights your commitment to sustainable solutions, setting you apart in a competitive marketplace. Don't miss the chance to elevate your business profile while contributing positively to the community.

Type of Financing
This program offers incentives for low-income individuals to purchase electric bicycles (e-bikes). These incentives act like grants, providing financial assistance at the time of purchase. This means you don’t need to pay it back.

Repayment Terms and Fees
There are no repayment terms or interest rates associated with these incentives, as they don’t need to be repaid. Additionally, there are no hidden fees involved with receiving these funds. It’s straightforward support for making a sustainable choice.

Eligible and Ineligible Expenses
Funds must be used specifically for purchasing qualified electric bicycles and may also support the development of a virtual bike safety class for consumers. However, the funds cannot be used for purchasing motor vehicles or any other non-eligible bikes. It's all about encouraging clean transportation while ensuring you have the knowledge to ride safely.

• Location: Must be based in California.
• Employee Count: 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:

• Application Deadline: Must have submitted the application by 5:00 p.m. (PDT) on May 11, 2022.

This program aims to encourage the use of electric bicycles among low-income individuals, helping them replace car trips with healthier and more environmentally friendly options. By promoting e-bikes, the initiative not only supports clean transportation but also contributes to reducing greenhouse gas emissions. Your business can participate in this growing movement by providing access to these bikes and benefiting from the incentives offered to consumers.

One key aspect is the incentives available for eligible e-bikes. These incentives are provided at the time of purchase, which can make e-bikes more affordable for customers. This could lead to increased sales for your business as more individuals opt for e-bikes instead of traditional vehicles. Additionally, a part of the funding will go towards a virtual bike safety class, ensuring that consumers understand safe riding practices, further encouraging adoption.

Participation in this initiative positions your business as a leader in promoting sustainable transportation solutions. It connects you to a community focusing on environmental stewardship and public health while potentially increasing your customer base through enhanced accessibility of electric bicycles. Engaging with this program could significantly benefit both your business and the community at large.