The Missouri Recoverable Grant Agreement is a legal document that outlines the terms and conditions for providing financial assistance to individuals or organizations in the state of Missouri. This agreement is specifically designed to offer funding to support various projects and initiatives that aim to enhance economic development, promote job creation, and improve the overall well-being of the local community. The primary objective of the Missouri Recoverable Grant Agreement is to provide funds to recipients with the expectation of repayment, albeit under specific circumstances. The agreement ensures transparency and accountability in the dispensation of funds and outlines the obligations of both the grant recipient and the granting authority. There are several types of Missouri Recoverable Grant Agreements, each tailored to cater to specific funding requirements and recipient qualifications. These types include: 1. Small Business Loan Program: This agreement facilitates the provision of recoverable grants to small businesses that demonstrate high growth potential and the ability to create employment opportunities in the state. 2. Workforce Development Grant Agreement: This type of agreement focuses on providing recoverable grants to organizations involved in workforce development activities. These grants enable the implementation of training programs, vocational courses, and apprenticeships to enhance job skills and employability. 3. Community Development Grant Agreement: This agreement targets community-based organizations and local governments to address economic and social disparities within Missouri communities. Recoverable grants are provided to fund initiatives such as affordable housing, infrastructure development, and community revitalization projects. 4. Innovation and Research Grant Agreement: This type of grant agreement supports research and innovation-driven projects in collaboration with universities, research institutions, and the private sector. It aims to promote technological advancements, foster entrepreneurship, and stimulate economic growth. 5. Tourism Development Grant Agreement: By extending recoverable grants to tourism-related businesses and organizations, this agreement aims to boost the tourism industry in Missouri. Funds can be utilized for marketing campaigns, infrastructure development, and capacity building to attract visitors and enhance the overall tourism experience. These various types of Missouri Recoverable Grant Agreements aim to foster economic growth, job creation, and community development throughout the state. Through these agreements, the Missouri government proactively supports and invests in projects and initiatives that have the potential to yield long-term benefits for both the grant recipients and the local economy as a whole.
Missouri Recoverable Grant Agreement
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How to fill out Missouri Recoverable Grant Agreement?
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The most popular type of grant is for Program support. Program grants provide funding for specific projects or programs. Generally, these are restricted grants, where recipients must only use funds for the exact purpose outlined in the grant proposal.
American Rescue Plan: State & Local Funding for Missouri Aid to elementary, secondary, and higher education. Investments in child care to support families and child care providers. Support for programs that serve children, seniors, and low-income families.
Local/State Funding You might want to consider contacting the Department of Health, Jobs and Family Services, Human Services, Department of Development, Small Business Development, Department of Education, Department of Transportation, or City Councils. Ask about the grants they have available.
Last year, families with an Expected Family Contribution (EFC) between $0-$12,000 qualified. Now, students with up to a $20,000 Expected Family Contribution may qualify. Qualifying students receive $1,500 of grant aid assistance from the State of Missouri. Grants do not need to be repaid.
Government financial aid in Missouri is provided to various economic sectors, with the majority of the budget in business, education (pell & college grants), housing, veteran, and personal grants.
Be a U.S. citizen or permanent resident and a Missouri resident. Be an undergraduate student enrolled full time at a participating Missouri school Document. Full-time enrollment is defined as a minimum of: 12 semester hours, or.
Recoverable grant capital can serve the same purpose for a nonprofit organization. For example ? if a nonprofit is working to test a new, unproven solution to address climate change, they need access to patient risk capital to help them innovate and try new ways to address the problem.