A South Carolina Recoverable Grant Agreement is a financial agreement between a government entity in South Carolina and a grant recipient, typically a business or nonprofit organization. This agreement outlines the terms and conditions under which the grant will be provided and the obligations of the recipient in terms of repayments. Relevant keywords: South Carolina, recoverable grant, government entity, grant recipient, business, nonprofit organization, financial agreement, terms and conditions, repayments. South Carolina offers several types of recoverable grant agreements, tailored to specific purposes and industries. Some different types of South Carolina Recoverable Grant Agreements include: 1. Business Development Recoverable Grant Agreement: This type of agreement aims to support the growth and expansion of businesses in South Carolina. It provides funding for activities such as research and development, business infrastructure improvements, job creation, and workforce development. 2. Tourism and Hospitality Recoverable Grant Agreement: South Carolina's tourism and hospitality industry plays a vital role in the state's economy. Recoverable grant agreements in this sector focus on enhancing tourism infrastructure, marketing initiatives, and workforce training to stimulate economic growth in the industry. 3. Community Development Recoverable Grant Agreement: This type of agreement targets community development projects aimed at improving the quality of life for residents in South Carolina. It may include funding for affordable housing initiatives, infrastructure improvements, community revitalization, and social service programs. 4. Technology and Innovation Recoverable Grant Agreement: South Carolina recognizes the importance of fostering technological advancements and innovation. Recoverable grant agreements in this area support technology-centric businesses, research and development endeavors, and initiatives promoting entrepreneurship and innovation. 5. Environmental and Sustainability Recoverable Grant Agreement: South Carolina is committed to environmental conservation and sustainability. This type of agreement focuses on supporting projects that enhance environmental stewardship, renewable energy initiatives, recycling programs, and conservation efforts. Each type of recoverable grant agreement has specific criteria and eligibility requirements. The terms and conditions may vary, including the repayment terms, interest rates, and performance indicators that determine the grant's recoverability. The South Carolina Recoverable Grant Agreement program aims to foster economic growth, job creation, and community development through targeted financial support. By tailoring these agreements to various industries and purposes, the state encourages businesses, nonprofits, and communities to thrive while ensuring accountability for the funds provided.
South Carolina Recoverable Grant Agreement
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How to fill out South Carolina Recoverable Grant Agreement?
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The American Rescue Plan Act specifies eligible costs incurred between March 3, 2021 and December 31, 2024. The California 2021-22 Budget Act, as amended by Chapter 2 of the Statutes of 2022, included language to allow time to reallocate unspent funds and provide some additional flexibility on timing.
Eligible uses of these funds include: COVID-19 expenditures or negative economic impacts of COVID-19, including assistance to small businesses, households, and hard-hit industries, and economic recovery, Premium pay for essential workers, Investments in water, sewer, and broadband infrastructure.
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.
$1,400 per-person checks People making up to $80,000 will receive partial payments. Those with dependents will receive $1,400 per person, including college students and seniors claimed as dependents.
In May 2022, the SC General Assembly passed its plan to allocate a majority of the state's ARP dollars. The allocation includes $900 million to create the SC Infrastructure Investment Program, a major one-time initiative to improve water, wastewater and stormwater systems throughout the state.
To apply: Register in Grants.gov ? Download the corresponding Certificate and Agreement and Program Profile and complete offline and submit through grants.gov. Complete the Application for Federal Assistance (SF-424).