The passage of the American Recovery and Reinvestment Act has made considerable amounts of funding available to businesses and individuals working on green and renewable energy projects.
But just how much of the $787 billion recovery package is dedicated to grants? And where can green entrepreneurs and small business owners find and apply for these federal stimulus funds?
Here are some key details on locating grant money for green projects and applying for funding.
According to one official website, $275 billion of total federal stimulus funding is designated for contracts, grants and loans.
To date, the government has awarded around $137 billion to businesses, organizations, education institutions and entrepreneurs focused on developing green collar jobs or conducting clean energy technology research.
One of the most valuable resources for finding and applying to federal stimulus grants is through the government grants website. This online directory features information on the government’s “26 grant-making agencies,” including those increasingly associated with the country’s green workforce, including: the Environmental Protection Agency (awards millions in environmental education and environmental justice grants); the Department of Labor (recently sponsored a nationwide four-grant competition for renewable energy projects); the Department of Agriculture (funded 69 initiatives to clean and improve the country’s water supply and ecosystems); the Department of Energy (provides renewable energy incentives across the country through its Office of Energy Efficiency and Renewable Energy).
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