SeCTer grant webinar invitation: Matching & Cost Sharing

SeCTer invites you to attend a webinar entitled “How to Meet Matching & Cost Sharing on Your Federal Grant” at our office in Groton on Thursday, February 21, 2019 from 2-3:30 pm. The webinar will be presented live by Bob Lloyd, who literally wrote a few books on the subject of federal grants. There is no charge for you to attend and you are welcome (and encouraged!) to bring a colleague. Please RSVP to Melinda Wilson by Tuesday, February 12th.

How to Meet Matching and Cost Sharing on Your Federal Grant

Webinar • Thursday, February 21, 2019 • 2:00-3:30 p.m. ET

“We’ll help you if you help yourself.” The sentiment is simple, and as old as philanthropy. One way that it manifests itself these days is in the form of federal requirements for recipients (and possibly subrecipients) to provide a non-federal share of the resources needed to carry out a federal grant program or project.

Requirements that limit federal participation in the total cost of a federal award mean that awardees have to find and use non-federal resources that meet a variety of underlying conditions. Failure to do so, can have what auditors call a “direct and material effect” on how much federal money you’ll get to keep when your grant or subgrant is settled up.

Understanding how to handle your non-federal share is a critical element of grants management success. This webinar will help you gain the knowledge you need about matching and cost sharing in general and update you on the specific policy changes in the Office of Management and Budget’s so-called “Super Circular” (2 CFR 200).

Webinar attendees will get answers to these — and many other — questions:

  • Matching or cost sharing: What’s the difference?
  • “Hard match” vs. “soft match”; “cash” vs. “in-kind” — What do the terms really mean?
  • When does “leveraging” enter the picture?
  • What conditions have to be met so that non-federal resources are acceptable?
  • Which management policies apply to use of the non-federal share? Which ones don’t apply?
  • What are the standards for documenting matching or cost sharing?
  • What tools can we use to value third party in-kind contributions?
  • How do requirements for “maintenance of effort” or “earmarking” affect the non-federal share?
  • What are the consequences if you mess up?
  • Can a shortfall be fixed and, if so, how?

Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this timely, in-depth briefing.

Who Should Attend?

  • Grant and contract managers
  • Sponsored projects administrators
  • Finance directors
  • Accounting staff
  • Program managers
  • Principal investigators
  • Internal auditors
  • External auditors

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If your municipality has any other questions about federal or state grants, contact me at your convenience. SeCTer provides grant writing assistance to our member municipalities, including data preparation, to help you support your grant requests.

 

Remember, please RSVP to Melinda Wilson by 2/12 to save your spot. Thank you!

Via:

Melinda Wilson
Community Investment Manager
Southeastern Connecticut Enterprise Region
19 B Thames Street
Groton CT 06340

(860) 437-4659 X 207

www.secter.org

Economic Development Association Funding Webinar

Earlier in December, seCTer hosted an EDA webinar with their grants manager to go over opportunities for EDA funding, specifically for their Public Works and Economic Adjustment Assistance Program. The webinar was very well received, and They have been asked for a repeat performance.

Please feel free to join them in person, or call in from your own phone or desktop as directed below. The NOFA for that opportunity is here, and the presentation is attached here, and seCTer stands ready to support member municipalities with applications as needed.

Subject: EDA 101 Webinar

When: Tuesday, January 8, 2019 11:00 AM-12:00 PM (UTC-05:00) Eastern Time (US & Canada).

Where: https://zoom.us/j/762375757

EDA PRO is inviting you to a scheduled Zoom meeting.

Join Zoom Meeting

https://zoom.us/j/762375757

 

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Meeting ID: 762 375 757

Find your local number: https://zoom.us/u/ayHrT5NhL

 

Opportunity Zone Workshop

Presentation:  Opportunity Zone

Who Should Attend: economic development professionals, real estate developers/brokers, potential investors, and small business owners/incubators

The Connecticut Economic Resource Center, Pullman & Comley, seCTer, and Norwich Community Development Corporation invite you to learn more about the new federal Opportunity Zones program and how to grow business through long-term investments in low-income communities.

Last December, federal lawmakers created the federal Opportunity Zones program for investors to re-invest their unrealized capital gains into Opportunity Funds – private investment vehicles dedicated to community, business, real estate, and economic development activities in America’s lowest-income communities.

This event will provide a comprehensive background and expert analysis of the new program, as well as recommendations for cities, philanthropies, advocates, and private sector representatives interested in Opportunity Fund creation, operation, and management and equitable development outcomes throughout our nation’s 7,927 newly designated Opportunity Zones.

Agenda & Speakers:

8:00 am – Registration/refreshments

8:15 am – Program begins
Bob Santy/CERC (MC) – how towns prepare for this program
Liddy Karter/Enhanced Capital – investment
Pullman & Comley – legal aspects
DECD/NDC – requirements and info about other programs at the state and federal levels

9:30 am – Q&A, followed by networking

 

Register

 

How to start a Community Development Corporation

Economic development does not happen by itself.  To be successful, it takes careful planning, negotiation, and a whole lot of resources.  This is where a Community Development Corporation comes into play.  The corporation provides human resources and serves as a conduit for grants to help get the job done.  Please take a look at the document linked here for comprehensive information regarding the task of starting a Community Development Corporation.  Economic Development is a subset of Community Development, and a very important component of the development of the community as a whole.  We want our community to grow and to thrive.  Perhaps it’s time to get serious, and find the resources we need to help Montville prosper.  What do you think?

Phillips Edison and Company wish to further develop Montville Commons

Montville Commons has two outparcels available and are seeking input from the city for their development. They would like to consider alternative uses which may be of benefit to the community (i.e. medical, office, civic, education, etc.).

They have the necessary capital to develop these sites, we just need a user. If the city is aware of any organizations who are looking for sites, please let us know. Our company is happy to pursue any opportunities that the city can provide.

The Site plan  is available as is a Flyer that may help market this property.

Fundamentals of Economic Development – A Transformational Approach

The Connecticut Economic Resource Center (CERC) and the Connecticut Economic Development Association (CEDAS) will be conducting municipal Economic Development Training at the New London Science and Technology High School on Wednesday June 20th at 4:30pm.   RSVP via email to djayned@gmail.com  or rmeneses@ci.new-london.ct.us 

The free 90 minute workshop is geared to ALL who impact economic development, and is designed to get everyone working collaboratively. The curriculum will answer the following questions:
• What is economic and community development?
• Who is responsible for economic development?
• What role does/should your “economic development team” and community play?
• How do you convince your residents and businesses of the importance of economic development?
• How is your municipal economy impacted by the state, region and global economy?
Additionally, attendees will receive information about research, marketing and general economic development practices, as well as resources and tools available to achieve economic development results.

seCTer CEDS recognized as Best Practice

seCTer announced that their most recent regional Comprehensive Economic Development Strategy (CEDS), which was approved by EDA last November, has been recognized as a Best Practice Model by the National Association of Development Organizations (NADO). The story can be found here: https://www.nado.org/ceds-spotlight-southeastern-connecticut-enterprise-region/  It is also shown on NADO’s homepage under latest news: https://www.nado.org/ and will be featured on their social media in the coming weeks.