The
Missouri Value-Added Grant Program provides grants for projects that add value
to Missouri agricultural products and aid the economy of a rural community.
Grant applications will be considered for value-added agricultural business
concepts that:
• Lead
to and result in development, processing and marketing of new or expanded uses
or technologies for agricultural products; and
• Foster
agricultural economic development in Missouri’s rural communities.
Applications
will be considered for expenses related to the creation, development and
operation of a value-added agricultural business including:
• Feasibility
studies,
• Marketing
studies,
• Legal
assistance,
• Marketing
plans,
• Business
plans,
• Prospectus
development for cooperatives, and
• Operational
consulting
How Does the Program Work?
Proposals
will be selected on a competitive basis. Each proposal will be evaluated and
rated using the following criteria:
• Economic
development potential for the agricultural industry,
• Credibility
and merit,
• Probability
of near-term commercialization and practical application of project results
• Presence,
source and level of matching funds, and
• Where
the project will have an economic impact
Who is Eligible?
• Applicant
must be at least 18 years old,
• Missouri
resident, and
• Applicant
may be groups of individuals, businesses, and organizations related to
agriculture whose proposed value-added agricultural business concept is based
in Missouri
Grant Amount and Terms
The
maximum grant to any person, groups of individuals, businesses or organizations
related to a value-added rural agricultural business concept is $200,000.
Restrictions
The
grants cannot be used for:
• Business
start-up except as detailed in program guidelines,
• Business
expansion, unless qualified on the basis of program criteria,
• Paying
off existing debts,
• Substituting
existing efforts or research already underway,
• Covering
institutional overhead costs,
• Production
costs,
• Operational
costs such as payroll, utilities, inventory, insurance, and advertising,
• Buying
land, buildings, or equipment,
• Implementing
feasibility studies, marketing studies, marketing plans, or business plans
except as detailed in the program guidelines, and
• Application
fee or grant writing expenses
Fees
A
nonrefundable fee will be due with each application. The fee will be $150 for
grant application requests of $25,000 or less and $300 for requests over
$25,000. The application fee may be part of the applicant’s matching funds.
For
funded grant requests, a MASBDA grant administration fee is due equal to ten
(10) percent of the total grant awarded. The fee is due when the Grant
Agreement is signed. The MASBDA grant administration fee may be included as
part of the applicant’s grant request, or if paid by the applicant, may be
shown as part of the applicant’s internal matching expenditures.
Application Information
Applications
are now being accepted and must be received no later than 5:00 p.m. December
20, 2013. Download the application here.
To get an idea of what has been awarded in the past, click here and scroll down to news release articles about each awarded proposal.
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