Numerous and various local and state tax incentives are available for existing businesses or for those looking to make Southwest Missouri their home. These incentives can include Quality Jobs, Enhanced Enterprise Zones, Industrial Revenue Bonds, Training, Tax Abatements, Tax Credit Programs, Site Costs, Low-Interest Loans, Recruitment, and Infrastructure Grants. These are typical incentives. Additional incentives may be available. All incentives are based on project specifics, including the projected employment, average wage rates and benefits, capital investment, and quality of the company.

Local Incentives
These are project specific depending on projected employment, average wage rates and benefits, capital investment, and quality of the company. They can include Enhanced Enterprise Zones, Tax Increment Financing, blight removal, CDBG funds, infrastructure improvements, low interest loans, negotiable land costs, & revenue bonds. The local Workforce Investment Board also has discretionary funding for training on large-scale projects.


  • Enhanced Enterprise Zones - Individual business eligibility will be determined by the zone based on creation of sustainable jobs in a targeted industry or demonstrated impact on local industry cluster development. Gambling establishments, retail trade, and food and drinking places are prohibited from receiving the state tax credits. Service industries can be eligible if a majority of their annual revenues will be derived from services provided out of the state. The following minimum new job and investment requirements must be met as compared to the base year:

  • New or expanded business facility - 2 new business facility employees and $100,000 new investment.
  • Replacement business facility - 2 new business facility employees and $1,000,000 new investment

    • The Enhanced Enterprise Zone Program is a discretionary program offering state tax credits to Enhanced Business Enterprises. Tax credits may be provided each year for up to five tax years, based on tax credits reserved for the project.

  • Chapter 100 Bonds - Alliance cities may offer abatement on personal property through the use of a Chapter 100 bond. Because there is no statutory authority for abating equipment in Missouri, the Chapter 100 process allows the City to "own" the equipment, thus making it tax exempt. There usually is some level of "payment in lieu of tax" in the process. Since this manner of abatement is not statutory, the percentage and duration of abatement is negotiable.

Missouri Incentives
The State of Missouri provides incentives for qualified businesses in the state. These financial and tax programs include Tax Incentives, Public Infrastructure Financing, Venture Capital, Workforce Incentives, Finance Programs, and Redevelopment.

  • Missouri Quality Jobs - Quality Jobs allows for the retention of the state withholding tax of the new jobs. For "Technology" and "High Impact" businesses, the benefits of the program are (a) the retention of the state withholding tax of the new jobs; and (b) state tax credits, which are refundable and/or sellable. The program benefits are based on a percentage of the payroll of the new jobs. The program benefits are not provided until the minimum new job threshold is met and the company meets the average wage and health insurance requirements.

 

Missouri Incentives