Types of Funding

Funding from the Productivity Investment Fund is available as a grant, a loan or gain share.

Grant: If a program is designed to deliver improved customer service then the award can be made as a grant that does not require repayment.

Loan: If a program is designed to create a cost-savings or revenue associated with fee-based services then there is an expectation that the fund will be repaid to facilitate future awards.

Gain Share: As an additional incentive to applying agencies, a gain share funding model may be considered. With gain share, the agency retains a percentage of the cost-savings or revenue associated with fee-based services to apply to other programs or internal development efforts.

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