ECONOMIC - Catalyst Program

ECONOMIC - Catalyst Program

  Projects that address transportation, telecommunications, energy, and basic public infrastructure; business and workforce development; health care, nutrition and food security, and other public services; resource conservation; tourism; recreation; and open space preservation consistent with economic development.

Details

• Funding Type:   Grant
• Funding Range:   Feasibility Grants up to $100,000; Implementation Grants $500,000 to $3 million
• Match Required:   20% Distressed Counties; 50% Transitional Counties

Notes

  Priority is given to 1) projects that demonstrate direct benefits to rural communities with populations of fewer than 5,000 and underserved communities 2) projects that address multiple needs across eligible categories and create efficiencies, and 3) projects that demonstrate how communities prevent, reduce, withstand, and recover from extreme weather-related disasters. This grant has unique requirements after an award is made, but before a Notice to Proceed is issued. Applicants are advised to read the program guidance and manual closely. Ex. All match/cost share must be committed by September 30 of the year Other federal funding can be used as match to this grant; however, total federal funding (NRBC + other federal sources) may not exceed 80% of total project cost. NRBC funds can be used as match for other federal grant programs under certain conditions.