The Marketing Matching Grant (MMG) program is designed to increase visitation and tourism spending in Missouri. Approved DMO media projects are reimbursed at 50% up to the approved application amount. The media buying leverage provided through media placement by the Division's ad agency, coupled with the match of state funds, provides meaningful financial incentive to participants and a significant economic benefit to the State of Missouri.
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The Marketing Platform Development (MPD) is a 50/50 matching grant program for one-time marketing investments that will be utilized beyond the fiscal year of the initial investment. Eligible projects include those that provide for development, improvement or expansion of tourism marketing programs and products designed to increase tourism from outside the area for greater economic impact. Each year, MDT will develop a list of platform project opportunities available for the current fiscal year.
This program is an innovative method of financing (i) the acquisition, construction and equipping of qualified manufacturing production facilities and/or equipment, and (ii) refinancing outstanding tax-exempt bonds. The Tax-Exempt Program provides low interest rate loans to qualified borrowers through the issuance of tax-exempt revenue bonds by the Missouri Development Finance Board.
This program is an innovative method of financing the acquisition, construction and equipping of qualified facilities and/or equipment. All types of retail, commercial and industrial projects qualify for participation in the Taxable Bond Program. The program provides competitive rate loans to qualified borrowers through the issuance of private activity, industrial revenue bonds by the Missouri Development Finance Board.
The Meet in Missouri Act was established by House Bill 1698 to provide a financial incentive for Destination Marketing Organizations to attract major out-of-state conventions to Missouri. The Missouri General Assembly passed the act in May 2016, and it went into effect in August 2016. Annual funding levels for the Meet in Missouri Act will be determined by the General Assembly.