This is the second post of a five-part blog series by Jim Hegarty, P.E., Prein&Newhof’s Grants and Financing Specialist.
Pick any project on your wish list—where will you find enough money to make it happen? Look to your network. No, I do not mean ask them for money! They are, however, a key link between you and money. Key people in your network might include:
- Financial Advisers
- Peers in other communities
- Associations (MML, MTA, MLGMA, etc.)
Describe what you want to do, and ask them if they know where you can find favorable financing or a grant. Chances are several of them can point you in the right direction. For smaller projects you might be able to get seed money from local service clubs and charitable or community foundations.
In addition, do not forget your digital resources:
- Peer-group message boards
- Social media
Some organizations even publish municipal grant and financing catalogs and databases, including:
cfda.gov (Catalog of Federal Domestic Assistance)
MDEQ’s 2013 Grants and Loans Catalog
Council of Michigan Foundations
You can find more resources in Prein&Newhof’s Guide to Grants and Loans.