JEFFERSON CITY — The Missouri Department of Agriculture announced the Missouri Agricultural and Small Business Development Authority (MASBDA) is now accepting applications for grants to assist farmers with business planning expenses for projects that lead to the development, processing or marketing of agricultural goods.
Grants are awarded on a competitive basis, and applications will be scored based on their economic development potential for the agriculture industry, credibility and merit, probability of near-term commercialization and practical application of project results, source and level of matching funds, and the likelihood of a project’s near-term success.
The maximum individual grant is $200,000 per value-added agricultural concept. Applicants are required to provide a 10 percent cash match toward eligible expenses, which do not include operating expenses, salaries or capital improvements.
Applications must be received by MASBDA no later than 5:00 p.m. Friday, Dec. 15, 2017. Incomplete applications will not be accepted. Click here for more information on the program and complete guidelines, or contact MASBDA at masbda@mda.mo.gov or (573)751-2129.
— Missouri Department of Agriculture
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