Missouri Rural Economic Stimulus Act (Missouri)

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Last modified on February 12, 2015.

EZFeed Policy

Place Missouri


   
Applies to States or Provinces Missouri
Name Missouri Rural Economic Stimulus Act (Missouri)
Policy Category Financial Incentive
Policy Type Property Tax Incentive
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Missouri Department of Economic Development
Primary Website http://www.ded.mo.gov/BCS%20Programs/BCSProgramDetails.aspx?BCSProgramID=56



Last Review 2014-09-15



Summary

The Missouri Rural Economic Stimulus Act (MORESA) provides financial incentives for public infrastructure for the development of a renewable fuel production facility or eligible new generation processing entity facility, creating new jobs and agricultural product markets in rural Missouri. The local funding must be, at a minimum, 50% of the amount of the new local Economic Activity Tax (sales and utility tax, etc.), and 100% of the amount of the new real property tax created by the project each year, or a comparable amount of local funds from the municipality or a private non-profit organization. Qualified areas must be a contiguous development area, not encompassing more than 10% of the area of an eligible municipality. Any incorporated Missouri city, town, village or county established on or prior to January 1, 2001, having a population of 99,999 or less is also eligible for the program.



Policy Contact

Department Missouri Department of Economic Development
Division Division of Business and Community Services, Development Finance
Address 301 West High Street, Room 770
Address 2 P.O. Box 118
Place Jefferson City, Missouri
Zip/Postal Code 65102
Phone (573) 522-8004

Fax (573) 522-9462
Email dedfin@ded.mo.gov

Department Missouri Department of Agriculture
Division Missouri Agricultural and Small Business Development Authority
Address 1616 Missouri Boulevard
Address 2 P.O. Box 630
Place Jefferson City, Missouri
Zip/Postal Code 65102
Phone (573) 751-2129

Fax (573) 526-2415
Email masbda@mda.mo.gov

     


















References