Governor Mike Parson announced $50 million in new grant programs on Tuesday for Missouri businesses.
In addition to the $30 Million Small Business Grant Program, Governor Parson announced the availability the $20 Million PPE Retooling Grant Program which is designed to increase production of personal protective equipment (PPE) needed to help contain the spread of COVID-19. The new program will help companies produce PPE in Missouri as part of the state’s Show Me Strong Recovery Plan.
This program assists manufacturers by awarding grant funds to reimburse companies facing high PPE production costs. Eligible uses for awarded funds under the PPE Production Grant Program include purchasing equipment and retooling, upgrading, or expanding facilities to increase PPE production.
Funding for these programs comes from the CARES Act. The programs will be administered through the Department of Economic Development. Businesses interested in the programs can learn more and apply at showmestrong.mo.gov.