Missouri Revised Statutes
Chapter 620 - Department of Economic Development
Section 620.750 - Grants authorized, qualified rural regional development groups, duties — grant procedure — use of grant moneys — report — rulemaking authority.

Effective - 28 Aug 2014
620.750. Grants authorized, qualified rural regional development groups, duties — grant procedure — use of grant moneys — report — rulemaking authority. — 1. The department of economic development, subject to an appropriation not to exceed five million dollars each fiscal year, shall develop and implement rural regional development grants as provided in this section.
2. Rural regional development grants may be provided to qualified rural regional development groups. After the award of a grant, the group shall:
(1) Track and monitor job creation and investment in the region using quantitative measures that measure progress toward preestablished goals;
(2) Establish a process for enrolling commercial and industrial development sites in the region in the state-certified sites program or maintain a list of state-certified commercial and industrial development sites in the region;
(3) Measure the skills of the region's workforce;
(4) Provide an organizational chart demonstrating that private businesses and local governmental and educational officials are involved in the group; and
(5) Provide documentation of the group's financial activities for the current year.
3. A rural regional development group shall not qualify for a rural regional development grant if:
(1) The group's region includes a county or portion of another state outside the state of Missouri; or
(2) The group maintains an operating budget greater than two hundred fifty thousand dollars.
4. Applications for rural regional development grants shall only be submitted for a rural regional development group by a regional planning commission created under chapter 251 or other legally created regional planning commission. A regional planning commission may submit applications on behalf of more than one rural regional development group, except that a regional planning commission shall not submit an application on behalf of a group that the regional planning commission does not recognize as the economic development authority for the county that the authority represents.
5. The regional planning commission may charge an application fee for the grants developed under this section. The regional planning commission shall be allowed to claim reimbursement from the grant recipient for actual costs of administering the grants.
6. A single grant shall not exceed one hundred fifty thousand dollars. Each of the nineteen regions of the state represented by a regional planning commission created under chapter 251 or other legally created regional planning commission shall not receive more than two grants per region annually.
7. Grants provided under this section shall be distributed based on a rural regional development group's years in operation. The eligible amount shall be:
(1) For a group in operation two years or more on a matching basis of three dollars of state funds for every one dollar of funds provided or raised by the rural regional development group, including the value of in-kind services, supplies, or equipment;
(2) For groups in operation less than two years on a matching basis of one dollar of state funds for every one dollar of funds provided or raised by the rural regional development group, including the value of in-kind services, supplies, or equipment.
8. Uses for the grants may include, but are not limited to, the following activities:
(1) Workforce development activities, such as evaluation and education;
(2) Entrepreneurship training for pre-venture and existing businesses;
(3) Development of regional marketing techniques and activities;
(4) International trade training for new-to-export businesses in the region;
(5) In-depth market research and financial analysis for businesses in the region;
(6) Demographic and market opportunity research to assist regional planning commissions in developing their comprehensive economic development strategy.
9. The grant recipient shall annually report to the governor; the director of the department of economic development; the senate committee on commerce, consumer protection and the environment; the house committee on economic development and any successor committees thereto, the allocation of the grants and the purposes for which the funding was used.
10. The department of economic development may promulgate rules governing the award of grants under this section. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority delegated in this section shall become effective only if it complies with and is subject to all the provisions of chapter 536 and, if applicable, section 536.028. This section and chapter 536 are nonseverable and if any of the powers vested with the general assembly pursuant to chapter 536 to review, to delay the effective date, or to disapprove and annul a rule are subsequently held unconstitutional, then the grant of rulemaking authority and any rule proposed or adopted after August 28, 2014, shall be invalid and void.
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(L. 2014 H.B. 1506 merged with S.B. 729)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XL - Additional Executive Departments

Chapter 620 - Department of Economic Development

Section 620.010 - Department of economic development created — divisions — agencies — boards and commissions — personnel — powers and duties — rules, procedure.

Section 620.014 - Records on financial investments, sales or business plans to be deemed closed records, when.

Section 620.015 - Administrative fund, uses, administration of.

Section 620.016 - Job training or development contracts or reimbursement for services, department to reimburse contractors.

Section 620.017 - Grants, loans or other financial assistance or services programs, funds to be used solely for required purpose, certain information required — failure to comply, funds must be repaid to department, contract law governs — annual repo...

Section 620.020 - Business relocating outside state to be furnished information and alternatives on request.

Section 620.030 - Department's authority to contract with certain entities and organizations for technology and technology development services.

Section 620.035 - Duties as to energy activities — department may enter into contracts and agreements, when.

Section 620.171 - Export development office created, purpose — powers and duties.

Section 620.450 - Executive department to promote tourism.

Section 620.455 - Tourism commission, members, qualifications, terms, reports required, expenses.

Section 620.460 - Director, qualifications, compensation — staff, compensation — employed under merit system.

Section 620.465 - Powers of division.

Section 620.466 - Definitions — tourism marketing fund, established, purpose, administration, investment — powers of tourism commission — royalty payments required, when — state exemption from taxes.

Section 620.467 - Division of tourism supplemental revenue fund created — use of fund — lapse to general revenue prohibited — funding — effective and expiration dates.

Section 620.484 - Free public employment offices.

Section 620.490 - Rulemaking authority, coordination of state and federal job training resources.

Section 620.495 - Small business incubator program — definitions — tax credit.

Section 620.500 - Small business assistance office established in department — regional offices — staff duties.

Section 620.503 - Small business assistance offices established in institutions of higher education to contract with department, purposes, procedure.

Section 620.511 - Board established, purpose, meetings, members, terms, compensation for expenses.

Section 620.512 - Bylaws to be established — restriction on operations of board — rulemaking authority.

Section 620.513 - Duties of the board, report — limitation on authority.

Section 620.515 - Show-Me heroes program established to assist active duty military personnel and members of the National Guard and their families — eligibility, benefits, grants — rulemaking authority.

Section 620.552 - Citation of law.

Section 620.554 - Youth service and conservation corps established.

Section 620.556 - Definitions.

Section 620.558 - Programs — participation.

Section 620.560 - Community services and conservation program.

Section 620.562 - Summer employment program — at-risk participants, remediation.

Section 620.564 - Youth volunteer program.

Section 620.566 - Administration of programs — rules and regulations — application, contents, review.

Section 620.568 - Administration by project sponsor — administrative expenses.

Section 620.570 - Evaluation of programs — interagency cooperation — "Show-Me" employers.

Section 620.572 - Allocations for operation of corps.

Section 620.574 - Youth service and conservation corps fund created — sources, administration.

Section 620.580 - Citation of law.

Section 620.582 - Definitions.

Section 620.584 - Commission assigned to department of economic development — purpose of commission.

Section 620.586 - Commission members, terms, expenses, officers, meetings.

Section 620.588 - Commission powers and duties.

Section 620.590 - Information sharing and cooperation — coordination of effort, when.

Section 620.592 - Fund created, use of moneys — annual report.

Section 620.635 - Title of law.

Section 620.638 - Definitions.

Section 620.641 - Transfer of board duties to Missouri technology corporation.

Section 620.644 - Development of Missouri seed capital and commercialization strategy, required contents — no tax credits issued until corporation approves strategy tax credit maximum — corporation to approve managers of qualified funds — rulemaking...

Section 620.647 - Corporation to authorize contractual agreements for qualified economic development organizations — qualified funds to contract with at least one qualified economic development organization, required provisions — payment of distribut...

Section 620.650 - Purpose of qualified funds — tax credit for qualified contribution to qualified fund, amount, application, restrictions — tax on qualified funds uninvested capital, amount, distributions deemed made at end of tax year.

Section 620.653 - Corporation to approve one qualified fund — transfer of powers — corporation to approve professional fund manager for the qualified fund it approves.

Section 620.750 - Grants authorized, qualified rural regional development groups, duties — grant procedure — use of grant moneys — report — rulemaking authority.

Section 620.800 - Definitions.

Section 620.803 - Training program established, purpose, funding — rulemaking authority — bankruptcy, notification required — repayment of benefits, when.

Section 620.806 - Missouri one start job development fund established, use of moneys — rulemaking authority.

Section 620.809 - Community college funds created, use of moneys — forms — establishment of projects, procedure, requirements — funding options — issuance of certificates — sunset provision.

Section 620.850 - Citation of law — definitions — commission established, members, bylaws — report, contents — grant program — fund, use of moneys — rules.

Section 620.990 - Bylaws and rules authorized.

Section 620.1000 - Definitions.

Section 620.1001 - Small business development fund created — distribution — lapse into general revenue prohibited, exception — interest and income to be credited to fund.

Section 620.1003 - Centers, duties and powers.

Section 620.1005 - Governmental agencies to supply reports, statistical data and other materials — publication of data by director, costs.

Section 620.1007 - Annual report to whom.

Section 620.1020 - Business extension service team program created, purpose, duties — expenses.

Section 620.1023 - Business extension service team fund created — qualified community development projects — department's authority to contract directly, purpose — lapse into general revenue prohibited.

Section 620.1025 - Director, duties.

Section 620.1027 - Teams, duties.

Section 620.1028 - Selection of team members — factors, provision of productivity assessment.

Section 620.1029 - Rulemaking, procedure — information relating to request for assistance from business extension service team to be confidential.

Section 620.1030 - New jobs fund created — sources, uses, conditions — conditional effective date.

Section 620.1037 - Twenty-first century communities demonstration project established — purpose — rulemaking, procedure.

Section 620.1039 - Qualified research expenses —definitions — tax credit, exception — certification by director of economic development — transfer of credits, application, restrictions and procedure — rules — limitations on credit — sunset provision.

Section 620.1045 - Citation of law.

Section 620.1048 - Definitions.

Section 620.1051 - Program loss reserve account set aside, amount — certification, transfer of amount — recovery of losses.

Section 620.1053 - Deposit of funds, interest — control of account — use of funds.

Section 620.1055 - Capital access program fund created.

Section 620.1058 - Use of loans — amount — limitation.

Section 620.1060 - Prohibited loans — definitions.

Section 620.1063 - Withdrawal from program, effect — withdrawal of funds — examination of accounts authorized.

Section 620.1066 - Rulemaking procedure.

Section 620.1069 - Microenterprise loan program — definitions, purpose — oversight committee, duties.

Section 620.1072 - Microenterprise loan fund created — purpose — lapse into general revenue prohibited — percentage to be reserved for female-owned microenterprises.

Section 620.1075 - Standards for eligibility of lenders and borrowers — rules promulgation procedure — rules invalid, when.

Section 620.1078 - Distribution of moneys — interest — categories of permissible loans.

Section 620.1081 - Determination of basic policy, rules.

Section 620.1100 - Youth opportunities and violence prevention program established, purpose — advisory committee defined, members, appointment — fund, establishment, administration — program criteria, evaluation — database, development, operation.

Section 620.1103 - Department may assign moneys, limitations — agreement, audit authorized — repayment of funds.

Section 620.1200 - Missouri film commission established — members — terms — compensation, reimbursement — duties — recommendations submitted, when.

Section 620.1210 - Commission duties and objectives — coordination with local film offices.

Section 620.1220 - Location of commission, promotion of film by other state agencies, transfers of staff by other agencies.

Section 620.1230 - Personnel provided by department of economic development.

Section 620.1240 - Administration by director, rulemaking authority.

Section 620.1300 - Cost benefit analysis on certain programs, selection of analyzing firm, distribution of analysis — subjects analyzed.

Section 620.1350 - Investment funds service corporation may make annual election to compute income derived within state — procedure.

Section 620.1355 - Director to certify corporations — factors to be considered — certificate issued when — failure to qualify, applicant's right of appeal — nonresident corporations, director may issue opinion, when.

Section 620.1360 - Application for certificate, director to develop — rules promulgation procedure — rules invalid, when.

Section 620.1500 - Governor's advisory council on agriculture science and technology created, members, duties, expenses.

Section 620.1580 - Advisory committee for electronic commerce established, members, terms, meetings.

Section 620.1620 - Major conventions — definitions — fund created — issuance of grants, procedure — report — refunds — sunset provision.

Section 620.1875 - Title of law.

Section 620.1878 - Definitions.

Section 620.1881 - Project notice of intent, department to respond with a proposal or a rejection — benefits available — effect on withholding tax — projects eligible for benefits — annual report — cap on tax credits — allocation of tax credits.

Section 620.1884 - Rulemaking authority.

Section 620.1887 - Quality jobs advisory task force created, members.

Section 620.1890 - Report to the general assembly, contents.

Section 620.1900 - Fee imposed on tax credit recipients, amount, deposited where — economic development advancement fund created, use of moneys.

Section 620.1910 - Citation of law — definitions — qualified manufacturing company and suppliers, retention of withholding taxes, when — maximum retention amount — rulemaking authority — agreement required — report required — sunset provision.

Section 620.2000 - Citation of law.

Section 620.2005 - Definitions.

Section 620.2010 - Retention of withholding tax for new jobs, when — tax credits authorized, requirements — alternate incentives.

Section 620.2015 - Relocation of business, factor in determining eligibility — benefits, requirements — written agreement required.

Section 620.2020 - Participation procedures, department duties, qualified company or qualified military project duties — maximum tax credits allowed, allocation — prohibited acts — report, contents — rulemaking authority — sunset date.

Section 620.2100 - Commission established, members — fund established — duties of commission — expiration date.

Section 620.2200 - Citation of law — commission established, members, meetings — fund created, use of moneys — report — termination date.

Section 620.2250 - Citation of law — definitions — TIME zones, procedure to establish — state withholding tax agreement, requirements — fund created, use of moneys — annual report, contents — rules.

Section 620.2300 - Definitions — applications process.

Section 620.2400 - MERVN established, management of, purpose, requirements — report required.

Section 620.2450 - Program established, expanded access to broadband internet service — definitions.

Section 620.2451 - Grants, use of moneys — recordkeeping requirements — failure to use grant moneys for specific purpose.

Section 620.2452 - Eligible applicants.

Section 620.2453 - Application, contents.

Section 620.2454 - Criteria, scoring system, and list of underserved areas, department to publish on website — challenges, evaluation of.

Section 620.2455 - Prioritization of applications — ranking of applicants, system used.

Section 620.2456 - Connect America Fund, no grants awarded — limitations on grant amount — limitations on grant requirements.

Section 620.2457 - Grant application and award information to be posted on website.

Section 620.2458 - Rulemaking authority.

Section 620.2459 - Sunset provision.

Section 620.2465 - Program to increase high-speed internet access — rules.

Section 620.2468 - Site inspection.

Section 620.2475 - Aerospace projects, certain state benefits considered in determining aggregate benefits eligibility — reports.

Section 620.2600 - Tax credit authorized — definitions — eligibility — rulemaking authority — sunset provision.

Section 620.3100 - Office to be established, purpose, subject to appropriations.

Section 620.3210 - Citation of law — definitions — fund created, use of moneys — tax credit for donations, amount, procedure, cap — rulemaking authority — sunset provision.

Section 620.3250 - Boots-to-business program, veteran-owned small businesses — assignment of a mentor — rulemaking authority.

Section 620.3300 - Citation of law — definitions — program established, purpose — fund created, use of moneys — grants — rulemaking authority.