Government Grants: 101
Developers…take note. Federal grants (and low interest loans) are out there and can help bring your development to life.
Understanding how to effectively compete is crucial. Having recently applied on behalf of a big, mixed-use district and its city partner, its a good time to reinforce some critical steps.
Projects like roads, community parks, EV charging and other seeking USDOT funds should expect the following:
Coordinate Between Agencies and Stakeholders
Cross-departmental alignment is essential for both application submission and project execution.Budget for and Secure Your Non-Federal Match
Most programs require 10-20% non-Federal match. Early financial planning is critical.Ensure Your Project Is on an Official List (TIP/STIP)
Inclusion in transportation improvement programs demonstrates regional alignment and readiness.Get Ready to Apply for and Administer Federal Funding
Proper registration and understanding of Federal requirements are fundamental.Know Your Justice40 Designated Census Tracts
Projects benefiting disadvantaged communities often receive additional consideration.Prepare Your Capital Project's Benefit-Cost Analysis
A robust BCA is crucial for demonstrating project value and viability.Budget for Meaningful Public Involvement
Community engagement is not just required—it's essential for project success.Build a Strong Workforce Development and Labor Plan
Emphasize job creation and workforce opportunities in your application.Understand Federal Laws and Requirements
Environmental compliance and civil rights considerations must be addressed early.
These elements will significantly enhance your competitiveness.