Ameren to help attract new businesses with new economic development grant program
Up to 10 communities in Missouri could benefit from a new program from Ameren Missouri designed to make it easier to attract new businesses across the utility’s service area.
Communities looking for help to offset the costs of preparing shovel-ready industrial sites for new business can now apply for a matching grant up to $15,000 from Ameren Missouri.
The Site Readiness Planning Grant program, administered by Ameren Missouri’s economic development team, aims to spur business growth by supporting the availability of competitive industrial sites, parks and buildings.
“We know the economic downturn the last few months has presented many challenges for the communities we serve, but many of them have continuously worked to attract and grow business in the area,” said Matt Forck, vice president of community, economic development and energy solutions at Ameren Missouri. “That is why we created the Site Readiness Planning Grant program, which offers matching dollars to help those communities tackle the financial barrier for getting their site certified under the Missouri Certified Site Program. More certified sites in the area means more potential for economic growth.”
This Site Readiness Planning Grant Program and economic development incentive benefit both business and residential customers. All customers’ rates stay lower by spreading out the fixed costs of generating and delivering electricity.