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Slideshow: 2014 Gold and Silver Shovel Award Recipients

Area Development Magazine Special Presentation (Directory 2015)
Shown here are 12 of the recipients of Area Development’s 2014 Gold & Silver awards, which were bestowed in recognition of the states’ efforts to capture new facility and expansion projects that resulted in significant investment and job creation. All told, 20 states were recognized for their efforts. More

Regional Report: Advanced Industry Clusters Fueling Growth in the Midwest States

Mark Crawford (Directory 2015)
Economic growth in the Midwest was steady in 2014, thanks to solid performances by the agriculture and manufacturing sectors, especially transportation equipment. The economy also got a boost from the surging energy sector, led by oil-shale production in Ohio, which improved sales for supporting industries like sand, chemicals, and steel drill pipe made in Midwestern steel plants. More

Critical Site Selection Factor #7: Lower Corporate Tax Rate Rates = Stronger Economies

Dale D. Buss, Staff Editor,  (Q4 2014)
A state’s corporate tax rate is usually a bedrock indicator of its business-friendliness and a simple but substantial number that has a huge long-haul impact on the financial performance of a new plant or other facility. More

The Changing Geography of the American Auto Industry

Dennis Cuneo, Managing Partner , Fisher & Phillips (Advanced Industries 2014)
Where is auto production currently concentrated, and where will the industry expand in the future? More

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

MISSOURI at a glance

POPULATION: 6,044,171

LABOR FORCE: 3,055,344


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

EXPANDING INDUSTRIES: Automotive, 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 25–64) 34.5%

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

Sales and Use Tax: 4.225 percent state rate

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)

Missouri Works Program (new program that combines Enhanced Enterprise Zone Tax Credits/Quality Jobs Act/Rebuilding Community Tax Credits/Development Tax Credit)

Missouri Build (refundable investment tax credits)

Chapter 100 property tax abatement

Brownfield redevelopment tax credits

Tax-exempt industrial development bonds

State Historic Tax Credit

Industrial infrastructure grants

Action Fund Loan Program

Tax increment financing

Foreign-trade zones

Principal Manufacturing industries

  • Food Products
  • Transportation Equipment
  • Fabricated Metal Products
  • Machinery
  • Chemicals
  • Plastics & Rubber Products
  • Printing & Related Support Activities
  • Electrical Equipment, Appliances, & Components
  • Miscellaneous Manufacturing
  • Primary Metal Manufacturing
Source: Bureau of Labor Statistics, 2013