These state sales tax exemptions are approved based on the local economic development agency’s discretion and allow a community to compete for a business project against another state. This program would need to be combined with additional local incentives and the project would need to produce above-average wages with benefits.
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DED provides a state and local sales tax exemption on tangible personal property leased by the Company from the City/County.
Cities with Urban Redevelopment Corporations can access this incentive to help redevelop blighted areas by abating some or all of the property taxes for up to 25 years.
The Collective Marketing Initiative (CMI) is a program that leverages the resources of MDT through a menu of subsidized marketing opportunities and outlined pricing for elective participation by the DMOs. The CMI opportunities are selected based on their ability to effectively and efficiently reach Missouri’s target consumers.
The Neighborhood Stabilization Program (NSP) awarded grants to Missouri communities to assist in the acquisition, rehabilitation, and resale of foreclosed homes to income qualifying persons/families. Resale was limited to persons/families of low, moderate and middle income (LMMI) status.
The State received two separate allocations of NSP funding: $42,664,187 through the Neighborhood Stabilization Program and an additional $5,000,000 through Neighborhood Stabilization Program III (NSP3).