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The Florida High Tech Corridor Council (The Corridor) is a regional economic development initiative of the University of Central Florida (UCF), the University of South Florida (USF) and the University of Florida (UF) whose mission is to grow high tech industry and innovation through partnerships that support research, marketing, workforce and entrepreneurship.
In philanthropic giving, foundations and corporations often give money to non-profit entities in the form of a matching gift. [2] Corporate matches often take the form of employee matching gifts, which means that if an employee donates to a nonprofit, the employee's corporation will donate money to the same nonprofit according to a predetermined match ratio (usually 1:1).
The program is funded by 22% of the Florida Forever (FF) funds, $66 million each year. Counties with a population of 75,000 or more are required to provide matching funds equal to 25% of the total project cost. Non-profit organizations are exempt from this requirement. The maximum application grant is $6.6 million per year. [1]
A typical requirement is similar to matching funds where funds must be raised or acquired from other sources following a stated matching factor, often 2:1, 3:1 or 4:1. For example, a $1,000 challenge grant with a 3:1 match would require the recipient to raise $3,000 before they would receive the $1,000 grant.
If for example a state plans to use $1 million of HOME funds during the year, HUD provides $750,000 (75%) and the State must provide $250,000 (25%) for the program to achieve the $1 million goal. This compliance requirement is known as "matching." States can achieve this by either donating non-federal cash (e.g., cash from operations—not from ...
Community Food Projects is a program administered by the Cooperative State Research, Education and Extension Service providing one-time matching grants to private non-profit entities to establish and carry out multi-purpose projects designed to increase food security on a local, community-based level. Project objectives are to meet the needs of ...
The Historic Preservation Fund is not funded through tax revenue. Rather, it is funded by royalties accumulated by the Office of Natural Resources Revenue through payments, rentals, bonuses, fines, penalties, and other revenue from the leasing and production of natural resources from federal and Indian lands onshore and in the Outer Continental Shelf. [6]
In 2011, the firm received grants from Florida High Tech Corridor Council's Matching Grants Research Program. [6] In 2013, it received its second grant from Florida Department of Agriculture and Consumer Services in partnership with the University of South Florida. [7]