Go on the Internet and find a matching grant that was used i

Go on the Internet and find a matching grant that was used in your local or state jurisdiction. What were the details; when was it offered, how big was it, what was it used for, who gave it and who accepted it and what was the ratio of the match. In your opinion, was the money spent for a good use?

Solution

Matching grants are an effective means of funding small projects, expecially those. with active community support. The concept of amatching grant is simple; state or local governments designate funds to go to particular types of projects.

In the United States, many projects in the various states and communities are partially funded with federal grants with a requirement for matching funds. For example, the Interstate Highway System was primarily built with a mix of 90% FHWA funds from the Highway Trust Fund and 10% matching state DOT funds. In some cases, borrowed money may be used to meet criteria for a matching grant; the $550 million Canadian federal government investment to connect a Detroit River International Crossing to Interstate 75 in Michigan qualifies the state for $2 billion in US federal matching grants which can rebuild other Michigan highways, even though the Canadian money is nominally a loan to be repaid by tolls on the new bridge.

US federal matching grants have also funded historic preservation initiatives; a local historic property may be able to seek a 1:1 federal matching grant for specific capital projects, such as restoration of structures on the National Register of Historic Places.