Matching Funds

Matching Funds. All grant awards will require matching funds. MDA will determine the amount of match required on a project-by-project basis. The amount of match required will depend on such factors as the proposed scope of work, whether site due diligence has been completed, the necessary site improvements identified, and the cost estimates for those improvements. In determining the amount of matching funds required, MDA also will consider the amount of funding that has already been invested in or committed to the site and the level of development in the county/counties in which the site is located, as determined by the Mississippi Department of Revenue in its annual County Ranking. In-kind services will be eligible as part of the required match if they are directly related to the costs of due diligence/site development requirements, and land acquisition costs can count toward the grant’s match requirements.