For sites that have completed the due diligence necessary to demonstrate that the site is suitable for development, applicants may apply to Golden LEAF for funding to begin development of the site. The Golden LEAF Board will prioritize awards to projects located in rural and economically distressed counties and communities.
Golden LEAF funds can be used for:
- Extension of public utilities (typically water and sewer) to sites.
- Clearing and grading and to stub access roads into the site (publicly owned sites only)
- Remediation of environmental conditions to enable industrial development (publicly owned sites only)
Eligible expenses include limited due diligence, design and engineering, construction, and related costs. The grantee will procure the contractors for the project.
Golden LEAF Funds may not be used for:
- Shell buildings or construction of building pads
- Construction of roads (beyond stubbed access road)
- Extension of public utilities within the site
- Grant administration
- Acquisition of real property
Sites must have completed the due diligence requirements established by Golden LEAF. If there are three or fewer elements of due diligence (see the Due Diligence Checklist on the SITE Program Resources page) not yet completed, the applicant may request funding to complete those elements through the Development phase.
The maximum award in this phase is $1.5 million.
- Public ownership or control of the site on which the proposed project will be completed. For information regarding public ownership or control, please see the Frequently Asked Questions and Glossary available on the SITE Program Resources page.
- Evidence that required due diligence has been completed for the site. Due diligence requirements are listed on the Due Diligence Checklist available on the SITE Program Resources page.
- An application for site development may also request funding for up to three elements of due diligence not previously conducted; however, funds for development will not be released until the due diligence is completed.
- Successful applicants will be able to show a plan for economic development and how development of the site will further the goals of that plan.
- 15% match commitment for projects in certain counties. For more information about the match requirement, see the SITE Program Resources page.
SITE PROGRAM RESOURCES
Available resources include:
- Frequently Asked Questions and Glossary
- Guidelines for each phase of the program including all application questions and checklist for required attachments
- Access to application portal
Applications are due March 16 at noon.