WaterSMART: Large-Scale Water Recycling Projects for Fiscal Years 2023 and 2024
Highlights
This program offers a unique opportunity for your business, particularly if you're located in the Western United States where water scarcity is a significant concern. With potential federal cost share of up to 25% for projects costing $500 million or more, you can significantly reduce your financial burden. The funding can be used for the planning, design, and construction of water recycling projects, directly improving your operations.
By participating, you will gain access to a reliable, drought-resistant source of water. This not only enhances your operational efficiency but also makes your business less vulnerable to fluctuations in water availability. Additionally, engaging with this program allows you to contribute to broader environmental goals, aligning your business with sustainability efforts that benefit the community and the environment.
In summary, this program presents a straightforward way for your business to secure essential funding while improving your water management strategy. It’s an opportunity to enhance both your bottom line and your environmental impact.
Financing Details
Type of Financing
The program offers Federal cost-sharing for large-scale water recycling projects. This includes grants that can cover up to 25% of project costs, with no maximum funding limit for each project.
Repayment Terms and Interest Rates
Since the main financing is grant-based, there are no repayment terms or interest rates involved. You receive funding to support your project without the burden of paying it back.
Eligible Expenses
You can use these funds for the planning, design, and construction of water reclamation and reuse projects. This includes costs associated with infrastructure development aimed at enhancing water supply.
Ineligible Expenses
Funds cannot be used for operational costs, routine maintenance, or projects that do not directly contribute to water recycling and reuse.
Fees
There are typically no fees associated with applying for or receiving this funding, making it a straightforward opportunity for your organization.
Qualifications
- Location: Must be based in the Western United States.
- Sectors: Open to all sectors.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
- Number of Employees: No minimum or maximum employee count required.
- Company Revenue: No minimum or maximum revenue qualifications.
Disqualifications: None mentioned.
Description
The program is designed to support large-scale water recycling projects that can greatly benefit your business. There’s potential for up to 25% federal cost share for projects with total costs of $500 million or more. This is a significant opportunity to help stretch and secure your water supply, especially in the Western United States where water scarcity and drought are pressing concerns.
Funding from this program can be used for a variety of needs, including planning, design, and construction of water reclamation projects. By utilizing recycled water, your business can access a reliable source of clean water, which can be crucial for operations, especially during water shortages. This not only improves your efficiency but also diversifies your water supply, making it less vulnerable to climate changes.
Moreover, participating in this program aligns with broader environmental goals. It supports initiatives aimed at improving water management and enhancing sustainability. This means that by securing funding, you're not just helping your own business, but also contributing to the well-being of the larger community and environment.
Program Steps
Identify Project Scope
Define the goals, objectives, and specific details of your water recycling project.Prepare Documentation
Gather the following documents needed for your application:- Project proposal outlining the water recycling project
- Budget estimate detailing the total project costs
- Environmental assessment report
- Timeline for project completion
- Relevant permits and approvals
- Letters of support from community stakeholders (if applicable)
Complete the Application Form
Fill out the program application form with accurate and detailed information. Ensure clarity and conciseness.Submit the Application
Review your application materials for completeness and accuracy. Then, submit your application through the program's designated portal.Follow Up
After submission, keep track of your application status. Reach out to the program contact if you have questions or need further information.Await Funding Decision
Be patient as the review process takes place. Prepare to respond to any requests for additional information or clarification from the program administrators.Implement the Project
Upon receiving funding, begin planning and executing your water recycling project as outlined in your application.