ECONOMIC DEVELOPMENT TOOLS

LOCAL INCENTIVES

There are some local incentive programs for new and expanding businesses in the Missouri SBDC region. It depends on the location, size and type of your project whether your business will be able to qualify for incentives. Eligibility varies with individual programs, and each one is based on the company's core business operations.

 

All local incentive programs are discretionary. Funding limits are determined based upon the project’s minimum capital investment, number of new jobs created and level of employee compensation.

All incentives must be approved prior to the start of construction, purchase of equipment or hiring of new staff.

Incentives (for qualifying projects):

  • Missouri Works

  • Real and Personal Property Tax Abatements

  • Low Cost/No Cost Land Options

  • Build to Suit Scenario/Bond Financing

  • Waiver of Municipal Fees & Charges

  • Negotiable Local Utilities

  • Streamlined Permitting Process

  • Sales & Use Tax Abatements on Building Materials and Equipment

  • Assistance with Infrastructure Improvements

  • Foreign Trade Zone Program

  • HUBZone Program

  • USDA/SBA Loan Guarantee Programs

  • New Market Tax Credit Financing Program

  • Customized Training Opportunities

  • Incentives Coordination and Assistance

  • Facilitation of Permitting Process and Approvals

Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. Programs are extended to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.

Small Business Development Center, Missouri

115 North Williams, PO Box 549

Moberly, MO 65270

877-816-2332

 

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