The Missouri Department of Economic Development (DED), Missouri Development Finance Board (MDFB), and Missouri Housing Development Commission (MHDC) has opened the 2010 Downtown Revitalization and Economic Assistance for Missouri (DREAM) initiative.
The DREAM Initiative was launched to help small and mid-sized Missouri communities navigate through the various downtown revitalization, business development and residential resources available through state government to further help those communities with downtown revitalization and job creation efforts.
Current designated DREAM communities also have the opportunity to apply for special onetime funding from the Missouri Arts Council for new arts programs in downtown areas.
Since the first communities were established, DREAM communities have received more than $179 million in public investment for housing, construction and renovation projects and infrastructure improvements. Public funding secured through the initiative has created an unprecedented $600 million in private investment to benefit the DREAM communities.
Applications will be due to the MDFB offices by 5 p.m. on August 2 and may be obtained through the DREAM Internet site, www.modream.org. The 2010 DREAM communities will be announced in the fall.
Applications for onetime funding from the Missouri Arts Council are available here.
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