North Carolina Recoverable Grant Agreement

State:
Multi-State
Control #:
US-ENTREP-0052-3
Format:
Word; 
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Description

The purpose of the Grant is to support Company's development, dissemination and commercialization of the Company Technology to support the protection and preservation of natural resources and the mitigation of the adverse environmental impacts of climate change, all in furtherance of said company's mission and charitable purpose.

The North Carolina Recoverable Grant Agreement is a legal contract established between the North Carolina state government and grantees, outlining the terms and conditions for financial assistance provided through recoverable grants. These grants aim to support various projects initiated by businesses, non-profit organizations, educational institutions, and individuals, with an eventual expectation of repayment. One type of North Carolina Recoverable Grant Agreement is the Small Business Recoverable Grant, which offers financial assistance to small businesses seeking to expand, launch new products, or enhance their operations. This grant aims to foster economic growth and create job opportunities within the state. Another variation of the North Carolina Recoverable Grant Agreement is the Research and Development (R&D) Recoverable Grant. This grant specifically targets research-intensive businesses and academic institutions engaged in innovative projects that can contribute to technological advancements and economic development in the state. Additionally, the Workforce Development Recoverable Grant Agreement provides financial support to organizations or initiatives focused on enhancing the skills and capabilities of North Carolina's workforce. This grant encourages workforce training and development programs that align with the state's economic priorities and industry demands. The terms and conditions of each North Carolina Recoverable Grant Agreement include specific clauses related to repayment. Grantees are typically required to repay the grant amount over a defined period, either in equal installments or through negotiated repayment terms. This repayment structure allows funds to be recirculated and reinvested into future projects, maximizing the impact and sustainability of the grant program. To be eligible for a North Carolina Recoverable Grant, applicants must meet certain criteria, such as demonstrating the potential for job creation, economic growth, or research advancements. Applicants are also evaluated based on their financial stability, project feasibility, and alignment with the state's strategic priorities. Overall, North Carolina's Recoverable Grant Agreement program plays a vital role in stimulating economic development, innovation, and workforce enhancement within the state. By providing financial support to various sectors, these grants contribute to North Carolina's overall competitiveness and prosperity.

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FAQ

A "grant" is a general term for funds that organizations receive that are not expected to be repaid. To receive a grant, organizations must compete for funds by submitting an application and undergoing an evaluation process. Grants may be awarded by state or local agencies, private foundations, or corporations.

Grants are awards of financial assistance, usually from a governmental agency or foundation, primarily for carrying out a public purpose of support or stimulation. A grant is distinguished from a contract, which is used to acquire property or services for the government's direct benefit or use.

During Step 5, you will complete the program's Household Composition Reverification Form, which verifies the individuals who are part of your household, including whether there has been any change to the household since the time of the initial application and whether any additional individuals are anticipated to join ...

Include the program's name as described in the applicant's proposal. Grant period and payment schedule. For larger or more complex grants, the amount might be paid in installments. If this is the case, the grant agreement explains when and under what conditions future payments will be made.

The IRS has advised the Department that payments from the Business Recovery Grant Program are subject to federal income tax and should be included in the business's gross income or gross receipts.

The Agreement includes: this letter ? the Grant schedule (attachment A) ? the Grant terms and conditions (attachment B) ? your application ? the grant opportunity guidelines applicable on the date you submitted your application.

The grant agreement defines what activities will be undertaken, the project duration, overall budget, rates and costs, the EU budget's contribution, all rights and obligations and more.

Signing the grant agreement is the last step of the grant preparation phase. It shows that both you and we formally approve the agreement and its annexes. The grant agreement enters into force on the day of the last signature.

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Disbursement of Funds: The proceeds of the Grant will be disbursed by NCORR to the Contractor and/or their designees to complete the Rehabilitation, Elevation, ... ... North Carolina businesses awarded grants during Phase 2 of the Business Recovery Grant Program. ... Section II: Completing the Application for the Business ...... Agreement, Participant(s) can file a grievance with NCORR in the manner outlined in the Homeowner Recovery Program Manual. The grievance must be in writing and. This Recoverable Grant Agreement (the “Agreement”), dated as of (the “Effective Date”), is entered into by and between the Community Foundation (“Foundation”), ... 2 May 2022 — The N.C. Department of Revenue (NCDOR) announced that it is accepting applications for Phase 2 of the Business Recovery Grant (BRG) program ... - Every grantee shall file with the State agency or department disbursing funds to the grantee a written statement completed by that grantee's board of ... ... the Applicant must submit: an electronic copy of the complete signed application to NonprofitRFA@dhhs.nc.gov and; one complete original application including ... 1 Jul 2022 — Purpose. The purpose of this Memorandum of Agreement (MOA) is to establish roles, responsibilities and procedures to implement the terms and ... 13 Mar 2023 — • Fill out and send the required ... The date HUD signs the grant agreement is the start date for the grant's period of performance and budget. This grant agreement (the “Agreement”) summarizes the mutual understanding of the Vanguard Charitable Endowment Program (the “Grantor'') and the TechSoup ...

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North Carolina Recoverable Grant Agreement