Are cash resources preferable to in-kind contributions?
Cash resources are important, because the NMVC legislation requires that at least 50% of the overall operational assistance grant matching resources be in the form of cash or commitments for cash. However, applicants may raise up to 50% of their required grant matching resources in the form of in-kind contributions. These resources can take the form of services contributed by other entities focusing on economic and community development in LI areas (for example, institutions of higher education, job training facilities, and local and state government agencies).
