Infrastructure Improvements

Purpose

The purpose of this program is to assist those businesses that will create new investments and jobs in the City of Mission and/or its extraterritorial jurisdiction (ETJ) with off-site improvements.

MEDA's Role

The Mission Economic Development Authority (MEDA) may provide off-site improvements to Mission businesses for projects eligible under the program and on the availability of funds.

Source of Fund

MEDA has appropriated funds from the 1/2 cent sales tax for economic development to subsidize off-site improvements made by Mission Businesses.

Eligible Projects

A project may include any infrastructure improvement to a project including water, sewer and road extensions to a site and drainage improvements of a manufacturing or industrial enterprise located in Mission and/or its ETJ.

Terms
  • MEDA may subsidize up to 2% of the total building construction costs or improvements made by a Mission business for an eligible project. The subsidy amount is determined on a case-by-case basis.
  • The minimum building construction cost that will be considered for assistance is $250,000.
  • The project must have a job to investment ratio one new job per $20,000 invested for proposed development or re-developments.
  • Any business requesting assistance from MEDA based on the above criteria must be an end user and not a third party leasing to a business.
  • Assistance will not be provided for speculative jobs.

All businesses will be required to submit their current financial statements and proof of project costs.

Process

A Mission business interested in obtaining assistance for Off-Site Improvements for a project should submit a commitment letter to MEDA. The letter should include the name of the business requesting assistance, a business plan showing total project costs, improvements, number of jobs that will be created, off-site improvement costs, projected sales (for commercial enterprises) and projected annual sales tax.

MEDA's Commercial or Industrial Development Committee will review the project and will make a recommendation to the MEDA Board of Directors for approval. MEDA will notify the business in writing as to MEDA's decision. If approved, MEDA will make direct payments to the business as per terms.