PATRICK ADMINISTRATION OFFERS NEW ROUND
$20 Million in Massachusetts Opportunity Relocation and Expansion (MORE) Jobs Program
The Massachusetts Opportunity Relocation and Expansion (MORE) Jobs Capital Program, which helps cities and towns pay for infrastructure needed to spur economic development, provides grant funding to help finance the public infrastructure associated with business expansion and relocation projects. Grants must be used for infrastructure improvements, such as water and sewer connections, roadway enhancements, and utility upgrades. MORE Jobs was established in an economic stimulus bill that was passed by the legislature and signed into law in 2006.
"The MORE Jobs program is a wonderful tool to help businesses grow and expand here, while creating the jobs vital to keeping Massachusetts strong," Secretary O'Connell said. "I am excited by the opportunities I see made possible by this program."
In order to receive a grant, a city or town and a for-profit entity must jointly submit an application to the Secretary of Housing and Economic Development.
To be eligible for a grant, the for-profit entity associated with a project must:
- Create at least 100 new permanent full-time jobs in Massachusetts within 24 months; and
- Maintain the newly created jobs for at least 5-years; and
- Generate substantial sales from outside the Commonwealth.
- Result in an economic benefit the Secretary determines is sufficiently exceptional.
"MORE Jobs grants make it possible for cities and towns to pursue projects they may not otherwise consider should the infrastructure not be in place," said Undersecretary for Business Development Greg Bialecki. "This is a smart way to leverage private investment and create new jobs."
Guidelines and applications for this second round of MORE Jobs funding will be available on our website ( www.mass.gov/MOREJobs) beginning on April 15. Applications are due one month later, on May 15, 2008. Applicants that were not awarded grants during the first round of funding should submit a letter of request to the Massachusetts Office of Business Development if they wish to have their applications reconsidered as part of this second funding round. The letter should include an update of project information since the May 2007 Initial Determination Application.
The Executive Office of Housing and Economic Development is one of eight Secretariats that make up the Governors Cabinet. Under the leadership of Secretary Dan O'Connell, the Executive Office of Housing and Economic Development oversees the following undersecretariates: the Department of Business Development, Housing and Community Development, and Consumer Affairs and Business Regulation.