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 businesses in Missouri a greater return on investment. Because of the Missouri Advantage, companies like IMB and Data Systems International Inc. have recently located here.
- Ranked the fastest growing tech state in 2013.
- Missouri has the 4th best corporate income tax index according to the Tax Foundation.
- Home to the Top City for starting online business.
- Missouri has a lower industrial electricity rate than the national average.
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)
State Business Tax Climate Index Rankings 2012 | |||||||||
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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 |