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…

Connecting Minority Communities Pilot Program

Connecting Minority Communities Pilot Program

The NTIA Connecting Minority Communities Pilot Program provides $285 million in total to eligible recipients in anchor communities for the purchase of broadband internet access service or any eligible equipment, or to hire and train information technology personnel. Funds can be used for devices, service, adoption/digital literacy and hiring/training technology personnel (not infrastructure). It is…

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…

Missouri Building Entrepreneurial Capacity (MOBEC)

Missouri Building Entrepreneurial Capacity (MOBEC)

To create more home-grown, high-tech companies, Missouri must support entrepreneurs and foster innovation.  It is for this reason that the Missouri Building Entrepreneurial Capacity program (MOBEC) is a cornerstone of MTC’s investment strategy.  Through the MOBEC grant program, MTC makes strategic investments that expand the support system for entrepreneurs that are commercializing new technologies or…

Community Development Block Grant – Industrial Infrastructure

Community Development Block Grant – Industrial Infrastructure

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…

Rural Health Care Program

Rural Health Care Program

The Rural Health Care Program funds two types of services. The Telecommunications Program funds voice, data, and other telecommunication services. The Healthcare Connect Fund Program funds broadband services, network equipment, etc. To get started: Visit the following link to determine which program you are eligible for.