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Each dollar of federal funding requested must be matched on a 2-to-1 basis. The applicant must put up the first dollar of match. The second dollar of the match may be in-kind contribution by the applicant or it may be contributed by other organizations.
The match provided by the applicant must include at least one dollar of cash outlays for the project for each federal dollar requested. The balance of the applicant's support may consist of in-kind contributions, as noted above, or cash.
For example, an applicant requesting $100,000 of federal funds must supply, at a minimum, $100,000 of cash contribution. As illustrated below, the remaining $100,000 of the required match can be made up of additional cash or in-kind contributions.
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Federal Share |
Cooperator Match |
Cash |
$100,000 |
$100,000 |
| Cash or In-kind |
|
$100,000 |
| Total |
$100,000 |
$200,000 |
In this example the federal share is the maximum 33.33% because the MDCP award is $100,000 and the match is $200,000 for a total project cost of $300,000. This means that each time this cooperator reports its total project expenditures in its reimbursement requests through Grants Online, the Departmtne of Commerce will reimburse the cooperator 33.33% of that amount. The reimbursement request should be made based on total project-related resources (cash and in-kind) expended in the period since the cooperator's previous reimbursement request.
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