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2014 Gold Shovel Awards: Excellence in State Job Creation and Economic Development Efforts

Area Development Magazine Special Presentation (Q2 2014)
Area Development’s annual Gold and Silver Shovel Awards recognize individual states for their economic development prowess. We honor 20 states for their achievements in 2013 in garnering company investment and job creation. More

Leading Locations for 2014: The MSAs with Strongest Prime Work Force Growth

Dale D. Buss, Staff Editor,  (Q2 2014)
A yawning gap has developed between millions of potentially available workers and the increasingly sophisticated skills they would require to qualify for today’s generally tech-oriented jobs. More

Missouri Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Missouri's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Regional Report: Slow But Steady Economic Climb for the Midwest

 (Directory 2014)
You’re not likely to find explosive growth in the Midwest, but the region’s economy is advancing at a healthy, steady pace with strategic plans to enhance investment in place. More

A Look Back - and Ahead - at the 2013/2014 Legislative and Incentives Landscape

Jason Hickey, President, Hickey & Associates, LLC (Directory 2014)
From what we witnessed in 2013, we can only expect more dynamic developments in state incentive programs and a continued focus on additional transparency. More

How Certified Sites Can Expedite the Site Selection Process for Expanding Companies

Beth Mattson-Teig (Q3 / Summer 2013)
In a race to gain an edge on competing locations, more and more communities are pre-qualifying properties with readiness assessments designed to certify that a site is ready for development, saving time and money for the end user. More

Hot Markets for High-Tech Manufacturing Jobs

Greg Matter, Vice President, Tenant Representation, Jones Lang LaSalle (Q3 / Summer 2013)
Access to skilled labor, customers, and suppliers is paramount to high-tech firms’ location decisions, often trumping cost considerations when making technology manufacturing location decisions. More

Leading Locations for 2013: The Midwest MSAs

Area Development Magazine Special Presentation (August 2013)
According to the Federal Reserve Bank of Chicago, the Seventh District — which includes all of Iowa and most of Illinois, Indiana, Michigan, and Wisconsin — is 50 percent more concentrated in overall manufacturing than the nation. Food processing is a major industry as is automotive manufacturing (the region also produces 30 percent of the nation’s light vehicles) and specializes in construction and farm machinery, medical equipment, and steel products. More
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Studies/Research
News Items
Around The Web
Studies/Research

MISSOURI at a glance

POPULATION: 6,010,688

LABOR FORCE: 3,070,000

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Agriculture, manufacturing, tourism, service and trade

EXPANDING INDUSTRIES: Advanced manufacturing, biomedical/ biotechnology, renewable energy development and systems, aviation/aerospace, information and media, financial services, professional services, warehouse/distribution, healthcare services

COLLEGE GRADUATES: (Age 25 and over) 25.6%

BASIC BUSINESS TAXES:
Corporate Income Tax: 5.2 percent net effective corporate income tax rate

Sales and Use Tax: 4.225 percent state rate; an additional 1.5 percent use tax for local jurisdictions; communities may adopt a local sales tax, generally ranging from 0.5 to 1 percent; counties also may adopt a sales tax ranging from 0.25 percent to 1 percent, with exemptions

Property Tax: Real property classified as commercial/industrial is assessed at 32 percent, residential at 19 percent, agricultural at 12 percent of true or fair market value; commercial and industrial real property assessed an additional county surcharge designed to replace revenues lost by tax exemption of business inventories (with exemptions)

BUSINESS INCENTIVES:
Quality Jobs Act (refundable job creation tax credit)

Missouri Build (refundable investment tax credits)

Missouri Customized Jobs Training grants

New Jobs Training (withholdings tax redirection)

Enhanced Enterprise Zone Tax Credits

Chapter 100 property tax abatement

Tax-exempt industrial development bonds

State Historic Tax Credit

Industrial infrastructure grants

Action Fund Loan Program

Tax increment financing

Foreign-trade zones

Rebuilding Community Tax Credits

Brownfield redevelopment tax credits

Principal Manufacturing industries

  • Food Products
    15.7%
  • Transportation Equipment
    14.1%
  • Fabricated Metal Products
    11.7%
  • Machinery
    10.7%
  • Chemicals
    7.1%
  • Plastics & Rubber Products
    6.0%
  • Printing & Related Support Activities
    5.2%
  • Electrical Equipment, Appliances, & Components
    4.6%
  • Nonmetallic Mineral Products
    3.1%