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ACRE program offers grants for ag energy projects
Colorado A grant in the amount of $500,000 is now available in funding by the Colorado Agricultural Value Added Development Board to promote agricultural energy related projects. The Board administers the Advancing Colorado's Renewable Energy program which provides funding to promote energy-related projects beneficial to Colorado's agriculture industry; funds will be allocated in three categories: feasibility studies, project participation, and research. --Feasibility studies: Funds may be used to study the viability of establishing an agricultural energy-related project and may address the market for the product, engineering requirements, economic viability, environmental concerns, legal requirements, management, and other necessary study components. A maximum grant amount of $25,000 will be awarded per feasibility study project. --Project participation: If a successful feasibility study has been completed, a candidate can submit an application for a project participation grant to help with the development of the project. Funds can be used to assist with the purchase or lease of equipment, construction costs, and land costs. A maximum funding allocation of $100,000 will be awarded. --Research: Applications for research into agricultural energy related topics and issues will also be considered. A maximum grant amount of $50,000 will be awarded per project. A matching contribution of at least 10 percent of the total project budget is required, and funds may not be utilized for paying down current debt, general administrative expenses or for indirect institutional overhead costs. Applications and a $50 nonrefundable application fee must be received by Sept. 17. For an application and guidelines, visit www.coloradoagriculture.com or contact the Colorado Department of Agriculture Markets Division at 303-239-4117. None Date: 8/9/07
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