The Southeast Missouri Children's Museum Receives $142,270 in State Tax Credits
Governor Matt Blunt today announced $572,270 in state assistance for two projects in Cape Girardeau identified in its proposal as one of the first communities in his Downtown Revitalization and Economic Development for Missouri DREAM initiative.
The City of Cape Girardeau will receive a $400,000 Community Block Development Grant to extend Fountain Street and assist with planned economic development efforts in that region. The Southeast Missouri Children's Museum has been approved to receive $142,270 in state tax credits to renovate a 6,500 square foot historic building in the Riverfront area of Cape Girardeau for the operation of the Discovery Playhouse, a not-for-profit educational center for children.
"Our DREAM initiative is helping communities revitalize their downtown regions into thriving centers of capital and commerce," Blunt said. "I am pleased we are able to help these two important projects to bring Cape Girardeau two steps closer to attaining their goals."
Governor Blunt unveiled his DREAM initiative in 2006 to help Missouri communities navigate through various community and economic development assistance programs to help transform their downtown areas into centers of job creation.