ACRE grant program for ag projects returns
The Colorado Agricultural Value Added Development Board is offering $500,000 in grant funding to promote agricultural energy related projects in Colorado.
The board administers the Advancing Colorado’s Renewable Energy (ACRE) program which has provided funds over the past four years to promote energy-related projects beneficial to Colorado’s agriculture industry. Funds will be allocated in three categories:
Up to $25,000 may be awarded 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.
If a positive feasibility study has been completed, up to $100,000 may be awarded to assist with the purchase or lease of equipment, construction costs and land costs.
Up to $50,000 may be awarded for research into agricultural energy-related topics and issues.
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 no later than 5 p.m. on Sept. 17, 2010. For more information or an application and guidelines, visit www.colorado.gov/ag/energy or contact the Colorado Department of Agriculture Markets Division at 303/239-4116.—WLJ