2024 Economic Development Match Grant

The Economic Development Match Grant, offered by the Missouri River Historical Development (MRHD), aims to foster collaboration among funders and support economic development projects in Woodbury County, Iowa. This grant is specifically designed for initiatives requiring substantial funding and partnership, aligning with MRHD's mission to stimulate local economic growth. The MRHD's strategic priorities are evident in the grant's focus on creating and retaining jobs, developing a critical job force, supporting new projects or services with significant community impact, and improving the overall quality of life and community development. The grant targets educational entities, local governments, and tax-exempt organizations whose principal place of business and project are located within Woodbury County, IA. The intended beneficiaries are the citizens of Woodbury County, with a strong emphasis on projects that demonstrate a lasting impact on the community's economic development and/or the specific target population. The grant seeks to achieve measurable impact by funding projects that are sustainable beyond the grant period, have clearly stated and measurable outcomes, and, if applicable, a sound evaluation process. Proposals must align with at least one of MRHD's four economic development focus areas: job creation and retention, critical job force development, new projects or services with substantial community impact, and improved quality of life and community development. Furthermore, projects must be a demonstrated priority by the community, leveraging private, public, and/or community resources, and maximizing stakeholder collaboration. This approach reflects MRHD's theory of change, which posits that by fostering partnerships and supporting impactful, sustainable projects, they can drive significant and lasting economic and social improvements within Woodbury County. Expected outcomes include projects that are sustainable long-term, do not require additional grants for maintenance, and have clearly stated, measurable outcomes with a sound evaluation process. Successful proposals will also demonstrate a strong community priority, utilize local resources, and provide a detailed project budget with evidence of a match. With a total of $1,000,000 available for the FY24 grant cycle, and maximum awards ranging from $250,000 to $1,000,000, the MRHD is committed to investing in high-impact projects that align with its vision for a thriving Woodbury County.