The Missouri Recoverable Grant Agreement is a legal document that outlines the terms and conditions for providing financial assistance to businesses and organizations in Missouri. This agreement is designed to support entities in achieving their goals and objectives by providing financial resources that are recoverable by the state. The Missouri Recoverable Grant Agreement serves as a vital tool for promoting economic growth, job creation, and development within the state. It enables businesses to access funds necessary for expansion, infrastructure improvement, research and development, workforce training, and other initiatives that contribute to the overall economic well-being of Missouri. Under this agreement, there are different types of recoverable grants available, each tailored to meet specific needs and objectives: 1. Business Expansion and Retention Grant: This type of recoverable grant is aimed at assisting existing businesses in Missouri with plans for expansion or retention efforts. It focuses on supporting job creation and retention, capital investment, and competitive growth strategies. 2. Infrastructure Development Grant: The infrastructure development recoverable grant focuses on providing financial support for improving public infrastructure such as roads, bridges, utilities, and other essential amenities. This type of grant aims to enhance the state's infrastructure, attract new businesses, and create a favorable environment for economic growth. 3. Research and Development Grant: Designed to foster innovation and technological advancements, this recoverable grant supports businesses and organizations engaged in research and development activities. It provides essential funding for R&D projects, facilitates the commercialization of innovative products or services, and strengthens Missouri's competitive edge in various industries. 4. Workforce Training Grant: To address the evolving needs of businesses and equip the workforce with necessary skills, the workforce training recoverable grant supports training programs. It encourages collaboration between employers, training providers, and educational institutions to enhance employee skills, productivity, and competitiveness. The Missouri Recoverable Grant Agreement includes detailed provisions about the duration and repayment terms of the grant, reporting requirements, compliance regulations, and criteria for eligibility. It highlights the responsibilities of the grant recipient and ensures transparency, accountability, and the proper utilization of funds. In conclusion, the Missouri Recoverable Grant Agreement is an important tool for supporting economic development in Missouri. By offering various types of recoverable grants, this agreement helps businesses and organizations to achieve growth, create jobs, invest in infrastructure, foster innovation, and enhance workforce capabilities.
Missouri Recoverable Grant Agreement
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How to fill out Recoverable Grant Agreement?
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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.
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.
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.
Grants are usually a need-based form of financial aid and do not need to be repaid. Funds can come from the university, state government and federal government. Grants are only available to undergraduate students who are U.S. citizens or U.S. permanent residents working toward their first bachelor's degree.
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.
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.
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.