• Join your peers at SSTI's 2024 Annual Conference!

    Join us December 10-12 in Arizona to connect with and learn from your peers working around the country to strengthen their regional innovation economies. Visit ssticonference.org for more information and to register today.

  • Become an SSTI Member

    As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies.  Learn more about membership...

  • Subscribe to the SSTI Weekly Digest

    Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!

Federal grant recipients alert: Uniform Grants Guidance is changing

May 16, 2024
By: Dan Berglund

While the headline above may be one of the most boring written in the SSTI Weekly Digest’s history, any recipient of federal grant funding should be aware that changes are coming to the Uniform Grants Guidance that governs federal grants, effective October 1. The guidance “sets the foundational requirements for agencies in making grants and providing other forms of Federal financial assistance, such as cooperative agreements and loans,” according to the White House. The changes will apply only to awards after October 1. Among the changes the White House is touting are directions to agencies to make grant announcements as “clear and concise as possible,” reduce unnecessary compliance costs, remove barriers to entry, and ensure assistance serves intended communities, including supporting programs for Tribal nations. Some of the specific details will be of interest to grant recipients.

Among the details that may be of greatest interest to Digest readers:

  • The equipment threshold is raised to $10,000 (2 CFR 200.1);
  • The single audit threshold is increased to $1 million (2 CFR 200.501);
  • The de minimis indirect cost rate will be raised to 15% (2 CFR 200.414(f)); and
  • Recipients “may notify OMB of any disputes with Federal agencies regarding the application of a federally negotiated indirect cost rate.” (2 CFR 200.414 (c)(2)).

A redline showing changes can be found here. Given the complexity of the 2 CFR 200, SSTI members may benefit from further training on the changes.