Business Capital Incentive Grant By Montgomery County Solid Waste Management District

Grant Overview

Business Capital Incentive Grant By Montgomery County Solid Waste Management District

Donor: Montgomery County Solid Waste Management District

About: The Montgomery County Solid Waste Management District Business Capital Incentive Grant is designed to support businesses in enhancing, increasing, and promoting recycling, waste reduction, and composting opportunities within Montgomery County. This grant program aims to foster a more sustainable and eco-friendly business environment by providing financial assistance to eligible projects.

To qualify, businesses must be located within Montgomery County and agree to enter into a grant agreement in the form of a reimbursement/pay-back funding process. Applicants are required to submit annual recycling data to the District and attend a pre-submission meeting with the Grant Manager. Additionally, a letter of endorsement from a District member is necessary for the application.

The funding for this grant is provided on a reimbursement basis, with the District matching 70% of the eligible project costs and the grantee contributing the remaining 30%.

Eligible uses for the incentive funds include capital equipment purchases to increase or expand current recycling efforts, specialty material recycling services, equipment/materials/software to increase/expand operations for processors, and compost/food waste management programs. Unallowable uses include salaries or benefits of employees and land acquisition.

The application process involves submitting a detailed grant application, including an executive summary, project description, budget, financial justification, and copies of quotes for materials/equipment. Applicants must also provide a report demonstrating anticipated waste reduction, recycling, or composting tonnages.

For businesses looking to make a positive environmental impact and contribute to the sustainability goals of Montgomery County, consider applying for the Business Capital Incentive Grant. If you need assistance with the application process, crafting a project plan, or ensuring your business meets the eligibility criteria, consider reaching out to Grantaura for expert guidance and support.

Focus: Recycling, Waste Reduction, Composting, Sustainability, Business Development, Environmental Conservation

Region: Montgomery County, Ohio, United States

Eligibility:
-Businesses must be located within Montgomery County.
-Applicants must agree to enter into a grant agreement in the form of a reimbursement/pay-back funding process.
-Applicants must submit annual recycling data to the District.
-Applicants must attend a pre-submission meeting with the Grant Manager.
-A letter of endorsement from a District member is required.
-Eligible projects require a financial contribution to the project equal to thirty percent (30%) of the total project cost.
-Match funds for projects must be a cash contribution directly related to the project.
-Eligible uses for incentive funds include capital equipment purchases, specialty material recycling services, equipment/materials/software for processors, and compost/food waste management programs.
-Unallowable uses include salaries or benefits of employees and land acquisition.
-Applicants must submit a detailed grant application, including an executive summary, project description, budget, financial justification, and copies of quotes for materials/equipment.
-Applicants must provide a report demonstrating anticipated waste reduction, recycling, or composting tonnages.

Benefits:
-Funding to enhance, increase, and promote recycling, waste reduction, and composting opportunities.
-Financial assistance for eligible projects, with the District matching 70% of the eligible project costs.
-Support for capital equipment purchases, specialty material recycling services, equipment/materials/software for processors, and compost/food waste management programs.

Deadline: Grant Applications are Due the Last Friday in August at 2 p.m.

Terms:
-Montgomery County Solid Waste Management District: The government agency dedicated to managing solid waste and promoting recycling and waste reduction in Montgomery County.
-Reimbursement/Pay-Back Funding Process: A funding process where the grantee is reimbursed for eligible expenses after incurring them, with a requirement to pay back the funds if the project is abandoned.
-District Match Requirements: The requirement for the District to match a percentage of the eligible project costs, with the grantee contributing the remaining percentage.
-Recycling Survey: An annual survey prescribed by the Ohio EPA to collect recycling data from businesses.