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Representative
Geraldo Alicea Announces Launch
of $100 Million Infrastructure Grant
Initiative
Massachusetts
Opportunity Relocation and Expansion (MORE)
Jobs program helps municipalities partner
with developers to upgrade infrastructure
Representative
Geraldo Alicea (D-Charlton) is pleased to
announce the launch of the $100 million
Massachusetts Opportunity Relocation and
Expansion (MORE) Jobs Capital Program, which
helps cities and towns pay for
infrastructure needed to spur economic
development.
“I am
excited that the Commonwealth is able to
offer this new tool to not only private
developers, but also cities and towns who
are working hard to bring good quality
companies and good quality jobs to
Massachusetts,” Representative Alicea
said.
MORE Jobs was
established in an economic stimulus bill
that was passed by the legislature and
signed into law last year. The program
provides grant funding to help finance the
public infrastructure associated with
business expansion and relocation projects.
In total,
$100 million has been authorized for grants
to qualifying projects. Grants must be used
for infrastructure improvements, such as
water and sewer connections, roadway
enhancements, and utility upgrades.
In order to
receive a grant, a city or town and a
for-profit business entity must jointly
submit an application to the Secretary of
Economic Development. Applications will be
reviewed by an advisory committee, and
grants will be awarded on a competitive
basis.
To be
eligible for a grant, the business
associated with a project must:
-
Generate
substantial sales from outside the
Commonwealth
-
Create at
least 100 new permanent full-time jobs
in Massachusetts within 24 months
-
Maintain
the newly created jobs for at least
5-years
Guidelines
and applications are now available online at
(www.mass.gov/MOREJobs). Applications for
2007 are due May 1.
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