Assist in funding the rehabilitation and renovation of buildings in the Capitol Complex. The Capitol Complex includes the State Capitol building, Supreme Court building, Old Federal Courthouse, Highway Building and the Governor’s Mansion.
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In 2018, the U.S. Congress created Community Development Block Grant Mitigation (CDBG-MIT) funds to help states impacted by disasters that happened from 2015 to 2017. In August 2019, the U.S. Department of Housing and Urban Development (HUD) released the rules for how states can use CDBG-MIT funds.
Because of damage from storms like the 2017 floods, HUD made $41.5 million in CDBG-MIT funds available to Missouri.
A certified Work Ready Community means your local county has job candidates in the pipeline with high-demand skills proved by the National Career Readiness Certificate. It also shows that local employers care about hiring the best and brightest your region has to offer.
These state sales tax exemptions are approved based on the local economic development agency’s discretion and allow a community to compete for a business project against another state. This program would need to be combined with additional local incentives and the project would need to produce above-average wages with benefits.
DED provides a state and local sales tax exemption on tangible personal property leased by the Company from the City/County.
Cities with Urban Redevelopment Corporations can access this incentive to help redevelop blighted areas by abating some or all of the property taxes for up to 25 years.
The Neighborhood Stabilization Program (NSP) awarded grants to Missouri communities to assist in the acquisition, rehabilitation, and resale of foreclosed homes to income qualifying persons/families. Resale was limited to persons/families of low, moderate and middle income (LMMI) status.
The State received two separate allocations of NSP funding: $42,664,187 through the Neighborhood Stabilization Program and an additional $5,000,000 through Neighborhood Stabilization Program III (NSP3).
These grants assist local communities and other entities with long-term recovery, restoration of infrastructure and economic revitalization related to specific Presidentially-declared disasters. At this time, Missouri is currently administering four CDBG Supplemental Disaster Appropriation grants.
This program provides assistance to communities to address conditions that pose a serious and immediate threat to the health and welfare of the community. The need must be a serious threat to health or safety, be immediate, have developed or greatly intensified within the past 18 months, and be unique in relation to the problem not existing in all other communities within the state.
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This program helps communities develop 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. Grant funds may be used for public streets, water or sewer lines, engineering and other public facilities necessary to support the private sector project. A public entity must own the facilities to be funded.
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