Your grant is based on your estimated Total Eligible Cost (TEC).
If you have questions about eligible costs, contact us.
|To estimate your grant amount, see the funding formulas here||Or go to the Grant Calculator here|
|MPLCP Funding Formula for a construction project in a single municipality:|
|Eligible Cost||Incremental State Share|
|First $3,000,000||60% of amount up to $3m|
|$3,000,000-$6,000,000||45% of amount between $3m and $6m|
|$6,000,000-$15,000,000||40% of amount between $6m and $15m|
|Over $15,000,000||30% of amount over $15m|
Once a contract between the MBLC and the city or town is signed, the grant is disbursed over five fiscal years, with required milestones attached to each payment:
You can easily calculate your potential grant award amount using these handy tools! Download the spreadsheet you need based on the estimated ELIGIBLE cost of your project. Follow the instructions to put your numbers in the correct cells, and presto!
The spreadsheet calculates the amount of a potential Green Library Incentive as well, if you are targeting LEED certification.
The Board may establish a need factor for each municipality at the time a Program Notice for a grant application round is issued. This need factor is based on the Equalized Valuations (EQV) from the Massachusetts Department of Revenue. Contact us if you need to know your EQV.
The funding formulas are different for Joint Public Library projects and Phased Projects.
If you are planning one of these project types, contact us for the funding formula.