|
Infrastructure & Public Improvements
Below are infrastructure programs offered by the Business and Community Services Division. To learn more, click on the program name or the corresponding link at the left.
Community Development Block Grant - Provides financial assistance to local governments for public improvements. Qualifying districts and nonprofit organizations may also receive CDBG funding through their local government. The state CDBG program is available to non-entitlement cities and counties in Missouri.
Delta Regional Authority - Helps economically distressed communities to leverage other federal and state programs which are focused on basic infrastructure development and transportation improvements, business development, and job training services.
Downtown Preservation - Provides supplemental state financial assistance for qualifying economic development projects and is available to municipalities with a population of 200,000 or less, and annual median household income of $62,000 or less. The redevelopment project area must be legally designated either a blighted or a conservation area, and not exceed 10% of the entire area of the municipality.
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.
MODESA - Provides supplemental state financial assistance for the redevelopment of designated economically depressed areas. MODESA is available for central business districts that are legally designated either a blighted or a conservation area. MODESA allows a portion of certain new state tax revenues generated in the redevelopment area to be diverted for a limited number of years to fund eligible public infrastructure and related costs.
MORESA - Provides supplemental state financial assistance for the redevelopment of designated economically depressed rural areas and financial incentives exclusively for the development of renewable fuel and other value-added agricultural product production facilities. The improvement district must be contiguous and legally designated a blighted area, not comprising more than 10% of the entire area of the municipality.
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.
State Supplemental Tax Increment Financing - Provides local tax financial assistance for the redevelopment of designated economically depressed areas. TIF allows the use of a portion of certain new local tax revenues generated for a limited number of years in the redevelopment area to help pay for the redevelopment.
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 |