MDRA assists public, private and nonprofit project developers, agencies and businesses find, apply for and obtain public financial incentives to complete their project; fund a financing gap; or to create capital solutions for businesses, projects and programs. Requirements for meeting various public benefits in terms of goods, services, jobs, economic and fiscal benefits to the community as a whole and to specific individuals or groups, as well as other threshold requirements are identified.
Services include business plan preparation, application preparation, funding procurement and executing related transactions in terms of requirements, documentation and monitoring requirements. Funding may involve governmental, non-market capital and other incentives. Working with financial incentives in the public and private markets has coalesced into a highly successful, pragmatic and sophisticated “Incentives Infusion” consulting practice, which has helped make many projects feasible by helping to complete their capital structures and/or enhancing returns for project owners.
Matching Suitable Projects with Available Public Incentives
Either starting with the project which needs incentivized funding or with the announcement of new funding availability, MDRA’s goal is to research, review and match available public incentive programs with suitable projects. Potential public - private incentive projects must be desirable from a public perspective and comply with each potential incentive source Agency’s requirements, as well as be demonstrably financially viable. Each project requires research, background information and analysis in order to determine the right incentive fit – some of which includes the following:
Potential Incentive Funding Availability Report
When a project needs incentive financing to make its capital structure work, MDRA produces a Potential Incentive Availability Report based on the above information. The following information provides a glimpse of what such a Report includes:
Subsequent potential work tasks include:
MDRA also continually monitors new programs and incentives, including the following:
Notable MDRA incentives projects for public and private project sponsors include:
MDRA provides support and strategic services to clients which include:
Current Trends in Incentive / Stimulus Funding
Unprecedented levels of public resources are being allocated to existing and new public financial incentive programs which target new, expanding and existing public and private ventures as part of the stimulus measures coming through Federal, State and local governments.
Public notifications of fund availability for these assistance programs are being issued, which require very fast application preparation and submission turn-a-round in keeping with their economic stimulus agenda.
Obtaining funding through these sources of project and program public financial incentives requires that either knowledgeable staff or qualified consultants need to undertake an intensive focused effort to define the program, complete application required submissions and procedures, arrange for program and activity definition, budget and scheduling, and arrange for and present all partnership and other participant or supporter documentation.