Investing in Growing Opportunities throughout Kentucky
Meat Processing Investment Program (MPIP) offers incentives for USDA-inspected facilities in Kentucky. Level One provides up to $20,000 per facility for increasing animal processing, Level Two supports facility improvements with a maximum award of $37,500, and Level Three offers up to $250,000 for extensive facility enhancements. Eligibility and funding details are outlined for each level. Apply for the opportunity to boost meat processing capabilities in Kentucky.
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INVESTING IN GROWING OPPORTUNITIES THROUGHOUT KENTUCKY. https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ1VqJwYrhQZCGMry6sq01Oon5O-ubliOi0Vtyrd82TOZn6ro1XYeMjVQY Governor s Office of Agricultural Policy
Meat Processing Investment Program (MPIP) $1 Million KADF State Funds Allocated Total Approved: $597,783 12 applications total Level 1 applications (2) Level 2 applications (6): three approved (Christian, Lewis and Taylor) Level 3 applications (3): one approved (Garrard) Level 4 applications (1) Request for Additional $500,000 at August KADB https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ1VqJwYrhQZCGMry6sq01Oon5O-ubliOi0Vtyrd82TOZn6ro1XYeMjVQY Governor s Office of Agricultural Policy
Level One Incentives Who Should Apply? USDA-inspected processing facilities or USDA-exempt poultry processing facilities needing assistance in operating costs related to increasing the number of head of Kentucky animals processed. Requirements Participants shall submit baseline data for number head of Kentucky animals processed under USDA inspection for Kentucky producers or Kentucky companies as a weekly average for the period of April 15 May 15, 2020. Participants shall provide a copy of the most recent Federal tax return for the business. Participants shall complete the Kentucky Meat Processor Incentives application packet. Funding The maximum award is $20,000 per facility. Incentives will be paid per head above baseline: $100/cattle; $50/hog; $25/sheep, goat; $1/poultry. https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ1VqJwYrhQZCGMry6sq01Oon5O-ubliOi0Vtyrd82TOZn6ro1XYeMjVQY Governor s Office of Agricultural Policy
Level Two Incentives Who Should Apply? Custom or USDA Inspected Processors interested in making small or modest facility improvements. This could include, but is not limited to: small equipment upgrades, penning area, kill floor, coolers, cutting room, freezers, and packaging. Requirements Participants shall complete the Simplified Processor Capacity Expansion application. Funding The maximum award is $37,500 per facility. Eligible for 75% of project with a forgivable loan. Reimbursement will be made at completion of the project. https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ1VqJwYrhQZCGMry6sq01Oon5O-ubliOi0Vtyrd82TOZn6ro1XYeMjVQY Governor s Office of Agricultural Policy
Level Three Incentives Who Should Apply? USDA Inspected Processors interested in making extensive facility improvements. This could include but is not limited to: building additions, restorations, equipment and food safety certifications. Requirements Participants shall obtain a formal business plan for expansion (financials included) reviewed by KCARD. Site visit by advisory team specialist. The Applicant must present to the KADB Meat Processing Expansion Committee at its monthly meeting to answer questions regarding the application. Funding The maximum award is $250,000 per facility. Eligible for 75% of project with a forgivable loan. https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ1VqJwYrhQZCGMry6sq01Oon5O-ubliOi0Vtyrd82TOZn6ro1XYeMjVQY Governor s Office of Agricultural Policy
Level Four Proposed Incentives Who Should Apply? Processors interested in creating a new facility. Requirements Participants shall obtain a formal business plan for expansion (financials included) reviewed by KCARD. Site visit by advisory team specialist. Participants shall complete a KADF Project application. The Applicant must present to the KADB Meat Processing Expansion Committee at its monthly meeting to answer questions regarding the application. Required to request KADF County funds from a minimum of five counties in the form of a grant. Funding The maximum award is $250,000 per facility. Eligible for 50% of total project costs in forgivable loan. County funds matched by State funds as grant or forgivable loan with remainder as loan up to cap of $250,000 or half the project. Applicant may utilize KADB/KAFC participation loan programs fro funds exceeding $250,00 not to exceed 50% of project costs. https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ1VqJwYrhQZCGMry6sq01Oon5O-ubliOi0Vtyrd82TOZn6ro1XYeMjVQY Governor s Office of Agricultural Policy
State Funds to Counties with Limited Allocations ($484,557 in State Funds) Letcher Livingston Lyon Marshall Martin Hickman Hopkins Jefferson Knott Leslie Bell Boyd Crittenden Floyd Fulton Harlan McCreary Perry Pike Union Webster https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ1VqJwYrhQZCGMry6sq01Oon5O-ubliOi0Vtyrd82TOZn6ro1XYeMjVQY Governor s Office of Agricultural Policy
