The Indiana Recoverable Grant Agreement refers to a specific type of financial assistance provided by the state of Indiana to businesses and organizations in need. This agreement offers a grant that can be recovered by the government if certain conditions or obligations are not fulfilled. One of the types of Indiana Recoverable Grant Agreement is the Small Business Recovery Grant. This grant is designed to support small businesses that have been adversely affected by economic challenges, natural disasters, or other unforeseen circumstances. It aims to provide financial aid to help these businesses recover and sustain their operations. Another variant is the Community Development Block Grant (CBG) Recovery Program. Under this agreement, funds are disbursed to local government entities, such as cities and counties, to assist in meeting the needs of their communities. These grants focus on redevelopment projects, infrastructure improvements, and essential services to enhance community vitality and stimulate economic growth. The Workforce Ready Grant is yet another type of Indiana Recoverable Grant Agreement. It is targeted towards individuals seeking to acquire new skills and qualifications to enhance their employability. This grant covers education and training costs for programs aligned with in-demand job fields, ultimately benefiting both individuals and the state's workforce. Furthermore, the Residential Grant Agreement falls under the umbrella of the Indiana Recoverable Grant Agreement. This particular grant assists homeowners and renters in securing affordable housing options. It supports initiatives that improve housing conditions, increase access to safe and sanitary dwellings, and promote housing stability and affordability. In conclusion, the Indiana Recoverable Grant Agreement encompasses various types of grants tailored to meet the specific needs of small businesses, communities, individuals, and housing. These grants play a pivotal role in providing financial support, fostering economic growth, and enhancing the overall well-being of the state of Indiana.
Indiana Recoverable Grant Agreement
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In addition to standard terms describing grant amounts and purposes, agreements also include provisions regarding intellectual property rights, reporting requirements, and indemnification, among other subjects. Special provisions are included that deal with international philanthropy.
Recoverable grant capital can serve the same purpose for a nonprofit organization. For example ? if a nonprofit is working to test a new, unproven solution to address climate change, they need access to patient risk capital to help them innovate and try new ways to address the problem.
The Student Learning Recovery Grant Program, created in 2021 through House Enrolled Act 1008, allocates $150 million to support accelerated learning for Indiana's students in the areas of literacy, mathematics and college and career readiness.
The Indiana Commission for Higher Education (CHE) is committed to making college more affordable for more Hoosiers. As part of that commitment, the CHE offers several grant programs for state residents.