American Rescue Plan Act – Section 603

American Rescue Plan Act – Section 603

The American Rescue Plan Act § 602 provides a total of $350 billion to eligible states, territories, and tribal governments. Funds are available until 2024 and are to be used for “necessary investments” in “water, sewer, broadband infrastructure.” Of that $350 billion, the total allocated to Missouri is $5.475 billion (combining the allocations at the…

Community Connect Grants

Community Connect Grants

Community Connect Grants offers funding to eligible applicants that will construct broadband networks that provide service on a community-oriented connectivity basis in rural areas. Specifically, funds will be used for the construction, acquisition, or leasing of facilities, spectrum, land or buildings used to deploy broadband service for residential and business, and essential community facilities (such…

The Broadband Infrastructure Deployment Grant

The Broadband Infrastructure Deployment Grant

The Broadband Infrastructure Deployment Grant program provides $300 million for state-and-provider partnerships to support broadband infrastructure deployment to areas lacking broadband, especially in rural areas. A covered partnership may use grant funds for the costs of construction, improvement, or acquisition of facilities and equipment required to provide qualifying broadband service, the cost of long-term leases…

Tax Credit for Contribution Program

Tax Credit for Contribution Program

The Missouri Development Finance Board is authorized by Section 100.286.6 of the Missouri Statutes (the “Tax Credit Statute”) to grant a tax credit equal to 50% on the value of any eligible contribution to the Board by any taxpayer. To be eligible for the credit, the contribution must be made to one of three funds…

Public Entity Loan Program

Public Entity Loan Program

The Public Entity Loan Program provides loans to local governments to finance general public infrastructure improvements and economic development projects. Loans are individually structured tax-exempt revenue bonds tailored to meet the needs of each public entity. The loans may be secured (sale/leaseback) or unsecured depending upon the credit strength of the public entity and the…

Grants to States Program

Grants to States Program

Grants to States funds have been used to meet the needs of children, parents, teenagers, adult learners, senior citizens, the unemployed, and the business community. States and subrecipients have partnered with community organizations to provide a variety of services and programs, including access to electronic databases, computer instruction, homework centers, summer reading programs, digitization of…

ReConnect Program

ReConnect Program

The ReConnect Program offers unique federal financing and funding options in the form of loans, grants, and loan/grant combinations to facilitate broadband deployment in areas of rural America that don’t currently have sufficient access to broadband, defined by the law as 10 Mbps (megabits per second) downstream and 1 Mbps upstream. This program will generate…

Community Facilities Direct Loan & Grant Program

Community Facilities Direct Loan & Grant Program

This program provides affordable funding to develop essential community facilities in rural areas. An essential community facility is defined as a facility that provides an essential service to the local community for the orderly development of the community in a primarily rural area, and does not include private, commercial, or business undertakings.