The BASE 2.0 grant program includes infrastructure investments associated with economic development projects including the development of new business parks; development of infrastructure required to support business expansions; renovation of existing business parks to bring them up to modern standards; development of infrastructure such as railroad spurs, water, wastewater, storm-water and other utilities; driveway aprons; business park signage; parking facilities directly associated with business attraction projects; speculative industrial office and residential space; development of infrastructure related to cybersecurity investments; and other projects that achieve the goal of expanding the state’s base of businesses and residents.
Eligible Use of Funds
Projects submitted must demonstrate the ability to be successfully implemented and have little viability without grant financing. Additionally, applicants are required to document how this project was delayed or affected negatively due to the COVID-19 pandemic and the resulting negative economic conditions.
Applicants are encouraged to submit any relevant architectural and/or engineering plans for their project, as well as bids and estimates.