What is the story about?
What's Happening?
The Missouri Agricultural and Small Business Development Authority (MASBDA) has announced the availability of the Show-Me Entrepreneurial Grants for Agriculture (SEGA) Innovation Grant Program. The program, established in 2019, aims to support value-added agriculture innovation in Missouri. Grants ranging from $50,000 to $250,000 are available to producers, businesses, and cooperatives for projects that enhance agricultural product value. Applicants must provide a minimum 25% cash match, with applications due by September 19, 2025. The initiative is funded by the Missouri General Assembly to encourage agricultural development.
Why It's Important?
The SEGA Innovation Grant Program represents a significant investment in Missouri's agricultural sector, promoting innovation and economic growth. By supporting value-added projects, the program aims to enhance the competitiveness of Missouri's agriculture industry, benefiting producers and local economies. The grants provide opportunities for businesses to expand and improve their operations, potentially leading to increased productivity and market access.
What's Next?
Interested parties must submit applications by the September deadline. Successful applicants will receive funding to implement projects that add value to agricultural products. The program may lead to increased collaboration among stakeholders and further development of Missouri's agricultural industry.
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