The Importance of a Grants Strategy
Three major pieces of recently-passed legislation, theâŊBipartisan Infrastructure Law (BIL), the Inflation Reduction Act (IRA) and theâŊCreating Helpful Incentives to Produce SemiconductorsâŊ(CHIPS) Act, together provided more than $2 trillion in new federal spending. With so many funding streams available, and some only for a limited time, it is critical to develop a grants strategy. A thoughtful strategy will maximize your ability to apply for relevant grants, while preventing squandering resources on less pertinent programs.