The Town of Billerica is seeking applications for its Community Funds Grant to provide economic development incentives in exchange for substantial community investment.
Donor Name: Town of Billerica
State: Massachusetts
Town: Billerica
Type of Grant: Grant
Deadline: 12/29/2023
Size of the Grant: Not Available
Grant Duration: Grant Duration Not Mentioned
Details:
The Fund will be administered as a grant, with project applications reviewed by a subcommittee of the Select Board and a representative of each company. In the spirit of maintaining a strong town/business relationship, the Select Board will make every effort to fund the projects recommended by the companies funding these grants.
Criteria
- A completed Community Funds Grant Application Form must be submitted with each Community Funds Grant request. The Community Funds Grant Application Form includes:
- a brief project description, legal name and address of the organization, the amount requested, and the name/address of the contact person;
- a one page executive summary of the project;
- a brief description of the organization applying, including its mission, history, programs and/or achievements, or other information which would indicate the capacity to implement the project. Also, the names/addresses of the officers or directors of the organization are provided;
- an explanation of the community need and resulting benefit of the project indicating how it will enhance the quality of life in Billerica; e
- a description of how the project would be sustained after the grant period;
- the organization’s fiscal year budget as well as the project budget with narrative justification, including other funding sources and in-kind contributions.
- The Select Board recommends that all applicants comply with the Attorney General’s requirements of a charitable organization such as being a 501c3, 501c19 (Veteran’s), AG Account #, or IRS SS
- Applicants may be required to give a presentation to a subcommittee, or to the full Select Board as needed.
- The awards may be made in such a way as to allow more than one company to support a project.
- Projects may receive funds from more than one company, though only one application is required.
Recipients shall recognize the contributions(s) of the company (ies) in a suitable way, both at the time the grant is announced and also on an ongoing or long-term basis.
The Select Board reserves the right to withhold any or all of the Community Funds Grant in the event there are no projects meeting the criteria this year.
As a condition of any award(s), all Recipients agree to provide, no later than twelve (12) months from the date of receiving any Community Funds Grant, written certification of the completion of the project must be submitted to the Select Board. Such certification shall provide written details of all fund(s) expenditures in accordance with the grant award(s).
For more information, visit Town of Billerica.
