Public Infrastructure Financing Below are brief summaries of Public Infrastructure programs offered by the state of Missouri. To learn more, click on the corresponding link at your left.
Brownfield Program - Provides financial incentives for the redevelopment of commercial/industrial sites that are contaminated with hazardous substances and have been abandoned or underutilized for at least three years.
Industrial Development Bond - Facilitate the financing of business projects. Cities or counties may purchase or construct certain types of projects with bond proceeds and lease or sell the project to a company. Costs that may be eligible costs are the purchase, construction, extension and improvement of warehouses, distribution facilities, and industrial plants.
Industrial Infrastructure Grant - Assists local governments in the development of public infrastructure that allows industries to locate new facilities, expand existing facilities, or prevent the relocation or closing of a facility. Grants must be made in cooperation with a city or county sponsor in a "non-entitlement" area where the project will be located. (Cities with populations less than 50,000 and/or counties with populations under 200,000). For-profit manufacturing, processing and assembly companies are prioritized.
Tax Credit for Contribution Program - Grants a tax credit equal to 50% of any moneys contributed by any taxpayer. The Contribution must be made to one of three "funds" established by the Board's statutes: the "industrial development and reserve fund," the "infrastructure development fund," or the "export finance fund." Contributions to the "industrial development guarantee fund" are not eligible to receive a credit.
Tax Increment Financing (TIF) - Facilitates the redevelopment of blighted areas by providing essential public infrastructure.
Business and Community Services
301 W. High Street, Rooms 720, 770 Jefferson City, Missouri 65102
Tel: 800-523-1434 Fax: 573-751-7384 Email: missouridevelopment@ded.mo.gov |