U.S. Secretary of Agriculture Sonny Perdue announced in a press conference today in Albert Lea, MN, the awarding of a series of grants as part of the HBIIP (Higher Blends Infrastructure Incentive Program).
Retailers recently applied for up to $100 million through the USDA for higher blend renewable fuel infrastructure. Christianson PLLP, working with the Renewable Fuels Association (RFA) in tandem with local retailers was an integral part of the application process for over $31 million dollars in HBIIP funding to facilitate increased sales of ethanol and biodiesel.
The HBIIP grant program is intended to make available up to $100 million in competitive grants for activities designed to increase the sales and use of higher blends of ethanol and biodiesel. Transportation fueling facilities and fuel distribution facilities were eligible including:
- Fueling stations, convenience stores, hypermarket fueling stations, fleet facilities, and similar entities with capital investments;
- Terminal operations, depots, and midstream partners, and similarly equivalent operations.
This is what our partners at RFA had to say about the HBIIP grant success:
With support from the National Corn Growers Association, RFA worked with Christianson PLLP and others to assist three dozen retailer companies in the grant process prior to the Aug. 13 application deadline. Submitted—and successful—applications assisted by RFA cover more than 200 locations across 21 states. Combined, these locations sell more than 250 million gallons of gasoline annually. RFA provided services and assistance for $21 million in grant requests, which are being now being fulfilled and will be matched with another $31 million in private funding for a total investment in higher blends infrastructure of more than $52 million.
If you need assistance locating funding for the growth or sustainability of your business, contact the experts at Christianson and RFA. We’re here to help![button_1 text=”Contact%20Christianson%20Today!” text_size=”15″ text_color=”#ffffff” text_font=”Lato;google” text_letter_spacing=”1″ subtext_panel=”N” text_shadow_panel=”N” styling_width=”30″ styling_height=”20″ styling_border_color=”#ffffff” styling_border_size=”5″ styling_border_radius=”23″ styling_border_opacity=”100″ styling_gradient_start_color=”#1b335d” styling_gradient_end_color=”#1b335d” drop_shadow_panel=”N” inset_shadow_panel=”N” align=”center” href=”https://www.christiansoncpa.com/contact-us/”/]