August 06, 2013
Burlington Junction Group Awarded Missouri Value-Added Grant
The Missouri Department of Agriculture announced that the Missouri BioProduct Producers Group of Burlington Junction has been awarded $77,220 in grant funding to assist them in developing a feedstock supply business. The funding comes from the Missouri Value-Added Grant Program, which provides grants for projects that advance the development of Missouri agricultural products while aiding the economy of a rural community.
"These grants do more than just help expand businesses, they provide Missouri producers with the tools to add value to their agricultural products and the rural communities which support them," said Director of Agriculture Dr. Jon Hagler. "Missouri's small agri-business owners have been invaluable in growing Missouri's agriculture economy and ensuring the continued success of Missouri agriculture."
The Missouri Agricultural and Small Business Development Authority (MASBDA) awarded the grant to partially fund a market analysis and financial and business model development for a producer-led agricultural feedstock supply network.
The Missouri BioProduct Producers Group and ChloroFill, LLC,are working with a specialized variety of hyper-renewable sorghum, planned to be used in the material for ChloroFill's renewable building panels. The producer group is planning to supply feedstock to ChloroFill, a renewable and formaldehyde-free building material company currently constructing a plant in Nodaway County.
This is one of 12 value-added grants awarded by MASBDA, for 2013. This year's grants ranged from $17,000 to $198,000, for a total of $808,838 awarded, all with the goal of fostering new enterprises that will aid rural economic development. Applications for the 2013 grants were due to MASBDA in December 2012.
The grants are funded from the sale of tax credits and can be used for business planning purposes, such as feasibility studies and marketing plans. The maximum individual grant is $200,000, with the applicant required to provide a 10 percent cash match toward the eligible expenses. Recipients must also provide quarterly reports to MASBDA throughout their grant period.