PROVIDENCE, R.I. – Governor Dan McKee and Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced the opening of the Municipal Matching Funds Pool through the Bank’s Municipal Infrastructure Grant Program, and encouraged local cities and towns to submit applications. The $5.5 million in available funds are dedicated to providing municipalities with matching funds required to unlock federal Bipartisan Infrastructure Law funding for eligible infrastructure projects.
“Rhode Island’s cities and towns are eager to access federal Bipartisan Infrastructure Law funding for a whole range of infrastructure projects,”
“As a former Mayor, Governor McKee listened to Rhode Island’s municipalities and delivered for them,”
Applications will be accepted and reviewed on a rolling basis. Municipalities may request up to $1 million per application in funding through the program.
Rhode Island Infrastructure Bank is Rhode Island’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners. We leverage capital in a revolving fund to offer innovative financing for an array of infrastructure-based projects including water and wastewater, road and bridge, energy efficiency and renewable energy, and brownfield remediation. These quality-of-life projects improve the State’s infrastructure, create jobs, promote economic development, and enhance the environment. www.riib.org – Facebook: @RIinfrastructure – Twitter: @RI_InfraBank