Office of the Comptroller of Maryland
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Community Development
- Economic Development
- Social Equity
- Access to Resources
- Sustainability
Social Achievements
- Bridging Communities Conference convened over 300 people representing over 100 nonprofits and government agencies to foster collaboration and provide resources for equitable and inclusive community development.
Governance Achievements
- Provided training and resources to enhance grant writing skills, financial management, and organizational development for nonprofits.
Climate Goals & Targets
Environmental Challenges
- Disparities in funding among nonprofits, particularly those led by people of color.
- Limited resources and complex application processes for smaller nonprofits.
- Navigating complex regulatory environments.
- Securing diverse funding sources.
- Maintaining community trust and adapting to changing needs.
- Lengthy application processes for state and federal grants.
- Strict compliance with funding requirements.
- Lack of awareness or understanding of available funding opportunities.
Mitigation Strategies
- Provided guidance on securing financial support, including funding initiatives for community development.
- Encouraged strategic planning and partnership development to maximize funding opportunities.
- Advised nonprofits to write letters of inquiry and use resources like grants.gov.
- Discussed creative funding options, including federal sources.
- Highlighted the importance of diversifying income streams.
- Emphasized the need for strong relationships with state representatives.
- Provided training on grant writing and proposal development.
- Introduced participants to Accelerator Back Office Services for support.
- Highlighted various funding and grant opportunities, including new tax credits.