Industrial Infrastructure Grant
Purpose
Assist local governments in the development of public infrastructure that allows industries to locate new facilities, expand existing facilities, prevent the closing of a facility or the relocation of a facility outside the state.
Authorization
42 USC § 5301 et seq., 24 C.F.R. Part 570; and Missouri’s “Consolidated Plan” submitted to the U.S. Department of Housing and Urban Development.
Eligible Areas
Projects can only be in a “non-entitlement” area -- a city under 50,000 in population or a county under 200,000 in population.
Eligible Applicants
Cities or counties.
Eligible Beneficiary Businesses
More than one business must potentially benefit from the facilities to be funded.
For-profit manufacturing, processing and assembly companies that will have wages above the county average and provide medical benefits are prioritized.
Use of Funds
Grant funds may be used for public streets, water or sewer lines, engineering and other public facilities necessary to support the project. A public entity must own the facilities to be funded.
Facilities owned by the company or a private utility are not eligible for funding.
Application Procedure
Applications are reviewed on a case-by-case basis, subject to fund availability.
Funding Limits
The grants shall be determined in accordance with the following schedule:
| Grant Amount |
Max per Job |
Max % of Capital Inv. |
| Up to $500,000 |
$10,000 |
35% |
| Next $250,000 |
$ 5,000 |
20% |
| Next $250,000 |
$ 3,000 |
8% |
| Next $500,000 |
$ 2,000 |
2% |
(Ex: To receive a $600,000 Infrastructure grant, total private capital investment must be no less than $1,928,571 and create 70 new full-time jobs.)
Special Program Requirements
The local government applicant must provide as much unrestricted resources (cash, in-kind resources) as they have available.
LMI Employees: At least 51% of the new jobs to be created must be taken by persons considered “low to moderate income” (LMI).
Prevailing Wage Requirement: Because grant proceeds are used for the construction of public works, prevailing wages must be paid to the employees of the contractors.
Contact
Business and Community Services
Finance Management
301 West High Street, Room 770
P.O. Box 118
Jefferson City, MO 65102
Phone: 573-751-4539 Fax: 573-522-4322
E-mail: dedfin@ded.mo.gov
To e-mail this web page attach the following URL: http://go.missouridevelopment.org/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 |