Our solutions are tailored to each client’s strategic business drivers, technologies, corporate structure, and culture.
Move quickly to maximize participation
The GGRF, totaling $27 billion, is intended to affect an equitable transition to a low-carbon, electrified economy by 2030. The EPA will grant funding for well-positioned nonprofit, non-depository organizations to invest in clean technology projects and programs. Recipients will design and deploy flexible financing products and technical assistance to accelerate the adoption of green technologies at the community level, particularly in neighborhoods and townships overburdened by the legacy of pollution and climate change. The GGRF is an immediate call to action; the EPA intends to deploy funding by September 2024.
With Notices of Funding Opportunities (NOFO) available for the three funding pathways, potential awardees and sub-awardees will want to be in the best position to apply for the GGRF. To do this, it is important to engage in strategic financial and organization growth planning:
- Prepare to apply for federal funds, and ensure compliance with 2 CFR 200 and the EPA sub-award policy
- Conduct an internal risk assessment to evaluate ability and readiness to detect and resolve fraud, waste, and abuse of federal funding
- Develop three-year investment strategies that contemplate program feasibility, sustainability, partnerships, linkages, ESG measurements, and compliance
Advisory, compliance, and technical services
CohnReznick can assist potential applicants with the following services to optimize operations, limit risk, and increase accountability and transparency:
TECHNICAL AND COMPLIANCE SUPPORT
Federal funding awards are highly regulated programs with extensive programmatic, compliance, and reporting requirements. Our GGRF practice group has extensive experience assisting clients in:
- Establishing compliance policies and procedures
- Designing and implementing compliance programs/checklists
- Training staff in compliance
- Evaluating compliance programs
- Issuing compliance reports
As an added bonus, we also provide clients with the option of outsourcing all their compliance and reporting needs to CohnReznick.
Why choose CohnReznick?
CohnReznick has a dedicated GGRF professionals with deep expertise across the government consulting, renewable energy, ESG, and community development finance industries. With involvement of team members from our Government Public Sector Advisory, Project Finance and Consulting, Renewable Energy, ESG Advisory and Internal Audit teams, we are well positioned to assist applicants, awardees, and sub-awardees optimize and operationalize GGRF funding.
The Inflation Reduction Act
Lead with ESG (Environmental, Social, Governance)
Meet the team
CPA, Partner, Project Finance & Consulting
CPA, CFE, PMP, Managing Partner – Government and Public Sector Advisory
ESG Advisory Practice Leader
Let’s start a conversation about your company’s strategic goals and vision for the future.
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