AE2S Nexus has a broad range of responsibilities from working directly with clients to help them better understand the finances of their utilities and help them plan for the future, to supporting AE2S’ engineers in delivering projects that qualify for outside funding to reduce the financial burden on communities. In the spirit of Extreme Client Service, AE2S Nexus recently increased its resources for project managers to better understand available funding sources out there and how they may apply to our clients’ projects.
AE2S staff helps clients access U.S. Department of Agriculture Rural Development Funding (which recently was looking to allocate an additional $2 billion in loan funding) and ensure that project plans and specifications meet the requirements for utilizing State Revolving Fund (SRF) dollars.
“How a project progresses is critical to accessing the best mix of funding,” explains Ryan Graf, AE2S Nexus Funding Development Director & Financial Analyst. “One recent example is how a client was able to access USDA SEARCH Grant funding for the Preliminary Engineering Report, or PER, on their project. As USDA Rural Development requires a more in-depth PER than other funding programs, opportunities such as this can provide up to $30,000 in funding to offset the increased cost of initial engineer evaluations. Meaning what could have been hard for a small community to fund initially was offset by funding programs. That client’s project has since progressed to receiving a 45 percent grant – earmarking over $1.6 million for the community – under the USDA Rural Development Water & Waste Disposal Loan and Grant Program. A needed project that was previously an insurmountable hurdle is on its way to becoming a reality for that community.”
As funding programs change their requirements and new programs are introduced, the resources provided by the AE2S Nexus team can help you plan for the projects you have on the horizon. Curious about what that may mean for you? As an example, check out this SD Funding Flyer to see the programs available in South Dakota. Reach out to your AE2S contact person or myself, Abby Ritz, with any specific questions you may have.
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- USDA Accepts Grant Applications for Communities of 10,000 or LessBy Heather Syverson on November 1, 2018
- 2018 Rate Survey Results for Systems Serving 5,000 or GreaterBy Miranda Kleven on August 9, 2018