Applications for funding will be received at the Office of the Clay County Convention and Visitors Bureau, located inside the Clay County Heritage Center at 7 Grand Avenue, Spencer, Iowa.  There is currently $40,000 that may be awarded yearly.  Awards are made at the discretion of the CCCVB Selection Committee and, based on the number and quality of applications received, the Committee may fund one project or multiple projects in a given grant cycle.  Two rounds of funding will be held each calendar year, with applications due on August 1 and February 1.  $20,000 will be available for awards during each round of funding.  If the full $20,000 in grant funds is not awarded within a grant cycle, that money will be carried forward into the next cycle.  All funds awarded must be expended within 12 months of the award date. A typical award will be between $500 and $5,000.