How to Incorporate Fundable Elements Into Your Project
What makes a project stand out in a sea of grant applications? The incorporation of fundable
elements. The more of these features your project has, the better its chances of securing
funding. If you are able to incorporate these elements early on in the design and construction
process, your project will have more long-term success.
Here are a few fundable elements to consider incorporating:
Highlight what you’re already doing. Capital infrastructure projects can create jobs, both short-
term and long-term. Furthermore, capital projects are often part of larger development and
revitalization efforts. Think about how your project contributes to economic stimulus and/or
serving the underserved communities in your area and then highlight those contributions in your
Funders are interested in supporting projects that have the support and participation of the
community. Formalize existing connections by asking for a letter of support, letter of
commitment or memorandum of understanding. Also make an effort to make new, strategic
connections with those who may be positively impacted by your project. The more connections
and support your project has, the more fundable it will be.
Incorporating best industry practices in your capital infrastructure project also helps its chances
of funding. Emerging or green technologies incorporated early on in the design and construction
phases of your project shows funding agencies that you are innovative. This also opens the
door to a partnership with a research institution, power company, or environmental group, thus
boosting your project’s fundability.
As you can see, there’s many ways to include fundable elements into your project and grant
application. The incorporation of these doesn’t have to involve dramatic changes either. Take a
look at the details of your project and see what sorts of fundable elements you can include in
the design. Learn more about Dig Deep so you can be among the first to know when grant
opportunities open up.