Moberly, Montgomery County receive combined millions in grant money for shovel-ready industrial site developments

JEFFERSON CITY, Mo. (KMIZ)

The Missouri Department of Economic Development awarded the City of Moberly and Montgomery County grant money through the Industrial Site Development Grant Program, according to a Friday press release from the governor’s office.

Montgomery County was awarded $5 million, while the City of Moberly was awarded $1,085,560.

Total funding throughout the state totaled $75 million. The program, funded through the American Rescue Plan Act is focused on helping communities develop shovel-ready industrial sites to support business expansion and attraction.

 “Strengthening our state’s economy through business attraction and growth remains a top priority of our administration,” Gov. Mike Parson said in a press release. “Through the Industrial Site Development Grant Program, we’re continuing to promote Missouri’s economic prosperity by delivering the infrastructure and resources that companies need to thrive. We look forward to the benefits this program will provide for businesses and communities statewide.”

The grants required local investment, and State grant funds could represent no more than 50% of total project cost, according to the press release. For example, if the total project cost was $5 million, the grant award request could be for no more than $2.5 million. Local match investment sources could include local ARPA funds, private investment, and other local funds.