(Jefferson City, MO) – The Missouri Department of Economic Development (DED) has announced a new small business grant program that could provide up to $30 million to Missouri small businesses. The program provides relief to small businesses and family-owned farms for reimbursement of costs of business interruption caused by required closures due to COVID-19.
“This virus isn’t going away, and we need to protect both the lives and the livelihoods of Missouri workers, families, and children,” Department of Economic Development Director Rob Dixon said. “Thanks to today’s action by the Governor, we are not only reinvesting in our economy, but building up the success and safety of our state over the long term.”
Small Business Grant Eligibility
Organizations eligible for this grant must have 50 or fewer employers, including the owner(s). Grant amounts are initially limited to $50,000, and organizations applying must incur or have incurred costs due to COVID-19 between March 1, 2020 and November 15, 2020. Applications will consider industry, timely use of funds, and availability of funds.
DED will begin accepting applications for this grant on July 15, 2020. Applications will close on August 31, 2020.
The department is focused on assisting the hardest hit industries, including retail trade, accommodation, food service, and healthcare, in addition to family-owned farms. However, the grants are not limited to these industries.
To learn more about the grant program or about the DED, visit ded.mo.gov/ for more information.