Project Development (87.101)
Project Development (Assistance Listing 87.101) is run by the U.S. International Development Finance Corporation. It awarded $94.5 million in 39 grants from fiscal 2021 to 2025, about $2.4 million per award on average. No funding opportunity is open on Grants.gov right now.
The typical award was $1.9 million. Half of the 39 awards fell between $895,402 and $4.2 million, and they ranged from $237,500 to $5.0 million.
- Awarded, FY 2021 to 2025$94.5 million
- Grant awards39
- Typical award$1.9 million
- Awarded in FY 2025$24.3 million
- Size rank832 of 1824
- Type of assistanceDirect payments for specified use
Key findings
- It is the 832nd largest of 1,824 federal grant programs by five-year awards.
- The 20 largest recipients received 84% of the money.
- Awards went to recipients in 3 states and territories.
What the program funds
The U.S. International Development Finance Corporation (DFC) partners with the private sector to advances U.S. foreign policy and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors including critical minerals, modern infrastructure, and advanced technology — fostering private-sector led economic development, supporting U.S. interests, and delivering returns to American taxpayers. DFC provides loans and loan guarantee financing, equity, and political risk insurance to projects across a range of sectors . DFC’s Project Development program is designed to improve the commercial sustainability of a project that may receive DFC financing or insurance support. In addition, DFC's Project Development support enables projects to be more self sustaining and to mobilize other capital. The program complements and does not duplicate work funded by other agencies or financiers
Open opportunities
No opportunity under this program is open or forecast on Grants.gov right now. Programs often post once a year, so the funding history below shows what to expect.
Rules from the program listing
Who can apply
DFC supports investment in more than 100 countries that are strategically important to American foreign policy, and prioritizes investment in low- and lower-middle-income countries that address key agency priorities, such as advancing energy security. Through the European Energy Security and Diversification Act of 2019, DFC may also support certain energy and energy-related investments in eligible European and Eurasian countries wouthout regard to host-country income classification. Investors must provide sufficient financial investment to the project to support its long-term viability. Projects DFC supports must also demonstrate the competence of the management team and a financial record in the same or a closely related business that show a recent record of success. DFC conducts due diligence on all potential projects to ensure creditworthiness, and has rigorous processes in place for measuring the impact of our investments in the host country, and to the American people. See <https://www.dfc.gov/apply>.
What the money can and cannot pay for
Terms and conditions as may be agreed. Terms and conditions as may be agreed.;
Matching requirements
This program has no statutory formula. Matching requirements are not applicable to this assistance listing. MOE requirements are not applicable to this assistance listing.
Deadlines
Contact the headquarters or regional location, as appropriate for application deadlines
Funding history and past recipients
From fiscal 2021 to 2025, Project Development (87.101) awarded$94.5 million across 39 grant awards, an average of $2.4 million per award.
| Recipient | State | Awards | Amount |
|---|---|---|---|
| Globeleq Africa Limited | 2 | $10.0 million | |
| Orom-Cross Graphite Project Ta | 1 | $5.0 million | |
| Turf Catalytic Capital Fund | 1 | $5.0 million | |
| Tetra Tech Es, Inc. | Virginia | 1 | $5.0 million |
| Miscellaneous Foreign Awardees | 1 | $5.0 million | |
| Aclara Ree PD | 1 | $5.0 million | |
| Pula Advisors Ag | 1 | $4.9 million | |
| Sondiale Sa | 1 | $4.7 million | |
| Lancaster Exploration Limited | 1 | $4.6 million | |
| Trinity Metals Ta | 1 | $3.9 million | |
| Pensana Rare Earth Ta | 1 | $3.4 million | |
| Sharaka Capital Fund Ta | District of Columbia | 1 | $3.3 million |
| Chillerton Ta | 1 | $3.2 million | |
| Virunga Power | 1 | $3.1 million | |
| Millennial Potash PD | 1 | $3.0 million | |
| Beacon Fund Ta | 1 | $2.5 million | |
| Meii Tamweeli Ta | 1 | $2.2 million | |
| Agdevco Limited | 1 | $2.0 million | |
| Volobe Ta | 1 | $1.9 million | |
| Missio Invest Ta | New York | 1 | $1.8 million |
Who usually wins
| Recipient type | Awards | Amount | Share |
|---|---|---|---|
| Other | 39 | $94.5 million | 100% |
By state
Each state below has its own page for this program, with its recipients and yearly totals.
| State | Awards | Amount |
|---|---|---|
| Virginia | 1 | $5.0 million |
| District of Columbia | 1 | $3.3 million |
| New York | 2 | $3.1 million |