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Missouri Direct Financial Incentives

Missouri's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment.

Corporate Taxes & Incentives Guide
Missouri Works Program
The program facilitates the creation of quality jobs by targeted business projects. Missouri Works streamlines and improves the state’s business development incentives, encouraging companies to invest and create jobs.

Action Fund Loan Program
The Community Development Block Grant (CDBG) Action Fund Loan program provides loans to certain types of for-profit companies that need funds for start-up or expansion and have exhausted other sources. Projects can only be in a "non-entitlement" area - a city under 50,000 in population or a county under 200,000 in population. Loans can be used for machinery, equipment, and working capital as gap loans.

Brownfield Redevelopment Tax Credits
Missouri's Brownfield Redevelopment Tax Credit program provides financial incentives for the redevelopment of commercial/industrial sites that are contaminated with hazardous substances and have been abandoned or underutilized for at least three years. Tax credits may be issued for up to 100 percent of the cost of remediating the project property.

Chapter 100 Property Tax Abatement
Provides a sales tax exemption on tangible personal property purchased through Chapter 100 bonds for non-manufacturing purchases. Companies eligible for Chapter 100 bond financing include manufacturing, warehousing, distribution, office, research and development, agricultural processing, and services in interstate commerce.

Foreign Trade Zones
Missouri's multiple Foreign Trade Zones keep business costs low. For companies looking to engage in foreign trade, Missouri has three trade zones throughout the state: Kansas City, St. Louis, and Springfield.

Historic Preservation Tax Credit Program
The Historic Preservation Tax Credit program provides an incentive for the redevelopment of commercial and residential historic structures in Missouri. The program provides state tax credits equal to 25 percent of eligible costs and expenses of the rehabilitation of approved historic structures.

Industrial Infrastructure Grants
The Community Development Block Grant (CDBG) Industrial Infrastructure Grant program assists local governments in the development of public infrastructure that will allow industries to locate new facilities, expand existing facilities, or prevent the closing of a facility or the relocation of a facility outside the state.

Missouri Automotive Manufacturing Jobs Act
The Missouri Automotive Manufacturing Jobs Act will allow qualified manufacturing facilities or suppliers that bring next-generation production lines to Missouri to retain withholding taxes typically remitted to the state. Qualified manufacturing companies with a NAICS code of 33611 that meet certain other criteria are eligible to apply, as well as suppliers that meet eligibility criteria.

Missouri BUILD
The Missouri Business Use Incentives for Large-scale Development (BUILD) program provides a financial incentive for the location or expansion of large business projects. The incentives are designed to reduce necessary infrastructure and equipment expenses if a project can demonstrate a need for funding. Eligible companies must meet capital investment and job creation requirements.

Missouri Downtown Economic Stimulus Act (MODESA)
The Missouri Downtown Economic Stimulus Act facilitates the redevelopment of downtown areas and the creation of jobs by providing essential public infrastructure. Central business districts that are either "blighted" or a "conservation area" are eligible. At least 50 percent of the buildings must be 35 years old or older and other restrictions apply.

Tax-Exempt Industrial Development Bonds
Missouri offers a variety of methods of issuing tax-exempt and taxable bonds for industrial development. The Missouri Development Finance Board (MDFB) issues these bonds in any area of the state.

The Environmental Improvement and Energy Resources Authority provides low-interest bond financing for projects that would reduce, control, and prevent damage to the environment; and encourage research and development of alternative energy sources and facilities.

Municipalities, counties, and incorporated towns issue industrial development bonds for factories and plants in assembling, manufacturing, fabricating, and processing to aid job generation in new and expanding firms.

Tax Increment Financing
The state Tax Increment Financing facilitates the redevelopment of blighted areas by providing essential public infrastructure. When local tax increment financing leaves a gap for a redevelopment project, a municipality can apply for a portion of the new state tax revenues, which are created by the project, to be disbursed to cover the financing gap for eligible redevelopment costs on the project.

Missouri State Contact:
Missouri Department of Economic Development
P.O. Box 118
Jefferson City, MO 65102
(573) 751-9045 or (800) 523-1434
Incentive and tax information is provided to Area Development by each state's economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings. This information was last updated November 2014.

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