Caruthersville, Pemiscot County to Get $650,000 from State for Tornado Recovery

AUGUST 29, 2006 - Posted at 7:55 a.m. CDT

CARUTHERSVILLE, MO - Governor Matt Blunt has announced that Caruthersville and Pemiscot County will receive more than $600,000 in state issued grants and tax credits to support the on-going recovery efforts from the April 2 tornado that devastated the community.

Caruthersville will receive a Community Development Block Grant worth $300,000.  The grant will be used to assist with ongoing demolition and debris removal.

The Department of Economic Development will also issue $350,000 in Neighborhood Assistance Tax Program tax credits to aid in the rehabilitation efforts of Pemiscot County.  The tax credits will assist area residents who lost their homes with down payments for permanent housing and with intermediate housing needs while they purchase or construct a new home.  The tax credits will also help residents who lost their vehicles travel to and from their jobs.