Favorable Business Climate

Missouri's Low-Cost Business Climate and Incentives Help You Build Your Business

The Missouri Advantage stems partly from the low operating costs that give automotive suppliers in Missouri a greater return on investment. Because of the Missouri Advantage, Ford and General Motors have both recently announced major expansions in Missouri, and new companies like Smith Electric Vehicles and Emerald Automotive have chosen to locate here.

  • Missouri has the 3rd lowest business costs (including taxes, utility and labor costs) in the U.S. according to CNBC.
  • Missouri has the 5th best corporate income tax rate index according to the Tax Foundation.
  • Missouri has the 8th lowest commercial energy costs in the nation.
  • Missouri is committed to the automotive supplier industry and offers numerous tax and financing incentive programs.

Missouri's Tax Climate Increases Your Return on Investment

During the last three decades, one key factor in keeping the cost of doing business in Missouri low has been our ability to ensure that our tax burden is as small as possible.  Missouri’s low tax burden continues to be a key factor in helping Missouri businesses grow.
(Source:Tax Foundation)

Source: Tax Foundation's State Business Tax Climate Index

State Business Tax Climate Index Rankings 2012
Source: Tax Foundation's State Business Tax Climate Index
State Overall Rank Corporate Tax Rank Individual Income Tax Rank Sales Tax Rank Unemployment Insurance Tax Rank Property Tax Rank
Missouri 15 8 23 26 9 7
Arkansas 31 36 27 38 17 18
Illinois 28 45 13 33 43 44
Iowa 41 48 32 25 35 36
Kansas 25 35 21 32 6 28
Kentucky 22 26 25 8 47 19
Nebraska 30 33 29 27 12 37
Oklahoma 33 7 38 39 2 12
Tennessee 14 13 8 43 27 48