The Small Town Economic Assistance Program funds economic development, community conservation and quality of life projects for localities that are ineligible to receive Urban Action bonds. Two or more qualifying municipalities may submit a single application for an eligible capital project. This program is managed by the Office of Policy and Management and grants are administered by appropriate state agencies.
STEAP funds are issued by the
State Bond Commission and may only be used for capital projects. A project is considered to be a capital project if it is new construction, expansion, renovation or replacement for an existing facility or facilities. Project costs can include the cost of land, engineering, architectural planning, and contract services needed to complete the project. Projects should be consistent with local and State plans of Conservation and Development.
Projects eligible for STEAP funds include:
- Economic development projects such as (a) constructing or rehabilitating commercial, industrial, or mixed-use structures and (b) constructing, reconstructing, or repairing roads, access ways, and other site improvements;
- Recreation and solid waste disposal projects;
- Social service-related projects, including day care centers, elderly centers, domestic violence and emergency homeless shelters, multi-purpose human resource centers, and food distribution facilities;
- Housing projects;
- Pilot historic preservation and redevelopment programs that leverage private funds; and
- Other kinds of regional development projects involving economic and community development, transportation, environmental protection, public safety, children and families and social service programs.
For FY 2017, priority will be given to applications for projects that benefit two or more eligible municipalities. Each applicant municipality should submit an individual application for the eligible project. Applications should indicate how benefiting municipalities plan to split project costs.