The Oregon Recoverable Grant Agreement (ORGAN) is a financial assistance program provided by the state of Oregon. It aims to support businesses, organizations, and individuals by offering funding that is recoverable over time. This means that recipients are required to repay the grant amount in the future, usually through a predetermined schedule or a percentage of their future revenue or profits. The ORGAN is designed to encourage economic development, promote job creation, foster innovation, and enhance the overall well-being of communities in Oregon. It provides a unique funding option for entities that may not have access to traditional loans or investment capital. By offering grants on a recoverable basis, the program aims to balance the support provided to recipients while ensuring sustainable economic growth. There are different types of Oregon Recoverable Grant Agreements available to cater to various needs and circumstances. These include: 1. Business Expansion Grants: This type of ORGAN aims to provide financial support to existing businesses in Oregon that are looking to expand their operations or undertake significant growth initiatives. The grant can be used for equipment purchases, facility upgrades, workforce training, or any other eligible expansion-related expenses. 2. Research and Development Grants: These grants are specifically allocated to organizations engaged in research and development activities. The ORGAN assists in financing innovative projects that have the potential to enhance industry competitiveness, technological advancements, or scientific breakthroughs. 3. Startup Grants: This category targets entrepreneurs and individuals with a promising business idea but lack the necessary capital to get started. The ORGAN provides funding to support the initial setup costs, product development, market research, and other essential early-stage requirements. 4. Community Initiatives Grants: The Oregon Recoverable Grant Agreement extends its assistance to nonprofit organizations, community groups, and municipalities undertaking projects that directly benefit the community. These grants support initiatives related to social services, public infrastructure, environmental conservation, arts and culture, or other community-enhancement activities. It is important to note that each type of grant under the ORGAN has specific eligibility criteria and guidelines. Applicants are required to clearly define their project's objectives, provide a detailed budget, and outline the anticipated impact of their initiatives on the local economy and community. Successful applicants will then enter into a formal agreement with the state, highlighting the terms of repayment and any additional conditions or reporting requirements. Overall, the Oregon Recoverable Grant Agreement offers a flexible and accessible financing option for a wide range of entities, fostering economic growth and community development throughout the state.
Oregon Recoverable Grant Agreement
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How to fill out Oregon Recoverable Grant Agreement?
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Grant agreement. ?Grant agreement? means a legal instrument of financial assistance between a Federal agency and a non-Federal entity that, consistent with 31 U.S.C.
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. Grant and Contract - Division of Financial Services - Cornell University cornell.edu ? topics ? revenueclass ? grant... cornell.edu ? topics ? revenueclass ? grant...
The government uses grants and cooperative agreements as a means of assisting researchers in developing research for the public good, whereas it uses contracts as a means of procuring a service for the benefit of the government. Grants are much more flexible than contracts. What is the difference between a Federal Grant and a Federal ... pitt.edu ? news ? what-difference-betwe... pitt.edu ? news ? what-difference-betwe...
If the purpose is to acquire property or services for the direct benefit or use of the federal government, the agency is to use a procurement contract; if the purpose is to stimulate or support an activity that serves a public purpose, the agency is to use a grant or cooperative agreement. Henke v. U.S. Department of Commerce, 83 F.3d 1445 - Casetext casetext.com ? case ? henke-v-us-department-of-c... casetext.com ? case ? henke-v-us-department-of-c...
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.