|
Tax Credits |
·
Missouri State Enterprise
Zone: Up to $1,200 state income
tax credit per employee, Investment tax credits, Refund of Unused Income Tax Credits, 75 % Real property tax
abatement for ten years, and more!
·
Rebuilding
Communities: 40% State Income tax
credit, 40% Specialized Equipment tax credit, 1.5%
Individual Income tax credit |
|
Tax Exemptions |
·
Sales/use tax exempted on manufacturing machinery/equipment
·
Sales/use tax exempted on air and water pollution control
equipment
·
Sales/use tax exempted on materials and supplies used to
install exempted equipment
·
Property tax exemption on business and industrial
inventories |
|
Workforce Training
Programs |
·
Customized Training
Program: This training assistance program is for employers
who are creating new jobs or retraining workers through both on-the-job
and classroom training. $700-
1,200 per employee
·
Welfare to Work
Program: Hiring incentive for
employers to hire long-term family assistance recipients. $3,500 first year; $8,500 second
year
·
Work Opportunity Programs:
Hiring incentive for employers to
hire targeted employees.
$2,400 per year |
|
Infrastructure
Programs |
·
Delta Regional Authority Loans
& Grants: Federal funds set
aside for eight states along Mississippi River delta. Up to $200,000 grant
monies
·
CDBG Loans &
Grants: Federal “pass through”
monies for infrastructure and capital projects. Up to $500,000 for infrastructure
·
USDA Rural
Development: Funding via loans and grants for
infrastructure and facilities.
·
Missouri Development Finance
Board: Infrastructure and
economic development funding through grants, loans, and
bonding |
|
Low-Rate Financing
Local Revolving Loan Funds
(RLFs) |
·
Industrial Revenue Bond
financing
·
Rural Missouri
Inc: offers several competitive,
low-rate financing tools ranging from $35,000 (Micro-loan) to $1.3 Million
(SBA 504)
·
USDA Rural
Development: offers Business
& Industry loan program
·
Small Business Administration
(SBA): offers 504, 7a,
Micro-loans
·
Wright County IDA
RLF: Gap financing for fixed
assets, land, equipment, and working capital with generous terms, rates,
and conditions
·
SCOCOG RLF: Funds for fixed assets, land & site work,
equipment, working capital; $10,000 per job; up to $100,000
·
Electric Cooperative RLFs
(SeMaNo, Intercounty): Funds for
fixed assets, land & site work, equipment, working capital; up to
$100,000 |
