Match Requirements

Match Requirements. The Mississippi Development Authority will provide grant funds to the Main Street Designated Communities on a reimbursement basis, not to exceed Five Hundred Thousand Dollars ($500,000.00) per community each year. Grantees shall not receive compensation for their required twenty percent (20%) local match. Main Street Designated Communities with a population greater than ten thousand (10,000) will be required to have a local cash match of twenty percent (20%). Main Street Designated Communities with a population of less than ten thousand (10,000), will be required to have a local cash match of ten percent (10%) for the first One Hundred Thousand Dollars ($100,000.00) requested, then will be required to have a local cash match of twenty percent (20%) for any amount over One Hundred Thousand Dollars ($100,000.00). Matching Funds must be expended at a proportionate rate with grant funds and recorded on the Request for Cash.