In the business world location is everything when talking about commercial grants. In most cities in the United States, inner-city downtown areas are now defunct and downtrodden. For a business, a sure-fire way to keep income rolling in is to own business property of some sort. Right now the cost of commercial property is at a premium and the U. S. federal government is intent on driving the economy up using downtown revitalization efforts. If you’re willing to expend a little elbow grease, commercial grants can help your business plant a local solid foundation in these harsh economic times.
Commercial grants are grants offered by select private foundations and at the federal, state and local levels which can be used for commerce related purposes by businesses and public entities. Commercial grants can be used for property or building purchases, building construction that benefits your local area as well as to demolish and reconstruct after a natural disaster. Commercial grants are available for land development, labor costs, enforcing or meeting public building codes with safety improvements and more.
Private foundation commercial grants, also called commercial charitable gifts, can be hard to come by these days because of the continued tumultuous U. S. economy. Private, corporate and community foundations as well as community groups are a good starting point of inquiry. Remember, if you’re going to invest in your community, looking in your own back yard first may garner the results you need.
Commercial grants are grants offered and at the federal, state and local levels, while time-consuming to research and apply for, are well worth the effort and can also be used to bring old structures into the modern age of operational affordability. Just some of the funding available at these levels are:
- Solar Energy. Eligible solar energy property
equipment that uses solar energy to generate at least some electricity is one
growing area. This can be used to heat or cool a structure, provide hot water
or even to provide solar processed heat; - Fuel Cell Installation. Eligible properties generally include fuel cells with a minimum capacity of 0.5 kW which have an electricity only generation efficiency of thirty percent or greater;
- Installation and Construction of Small Wind Turbines. Eligible small wind electric generated property includes wind turbines up to 100 kW in capacity.
Other commercial grants are offered to provide and upgrade:
- Geothermal Heat Pumps;
- Micro-turbines;
- Hybrid Combined Heat and Power Alternatives, also known as CHP.
Qualified private facilities may be allowed to sell excess generated energy to qualified public facilities. Qualified public facilities include wind energy facilities, closed-loop biomass facilities, open-loop biomass facilities, geothermal energy facilities, landfill gas facilities, trash facilities, qualified hydropower facilities, as well as marine and hydro-kinetic renewable energy facilities.
It’s true. In business it’s all about location, location, location. Your location will determine what funding is currently available for your commercial organization. The wise and savvy business owner will take the time to seek out private and government sponsored commercial grants.
