Local Tax Increment Financing (Local TIF) permits the use of a portion of local property and sales taxes to assist funding the redevelopment of certain designated areas within your community. Areas eligible for Local TIF must contain property classified as a "Blighted", "Conservation" or an "Economic Development" area, or any combination thereof, as defined by Missouri Statutes.
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The Marketing Matching Grant (MMG) program is designed to increase visitation and tourism spending in Missouri. Approved DMO media projects are reimbursed at 50% up to the approved application amount. The media buying leverage provided through media placement by the Division's ad agency, coupled with the match of state funds, provides meaningful financial incentive to participants and a significant economic benefit to the State of Missouri.
The Marketing Platform Development (MPD) is a 50/50 matching grant program for one-time marketing investments that will be utilized beyond the fiscal year of the initial investment. Eligible projects include those that provide for development, improvement or expansion of tourism marketing programs and products designed to increase tourism from outside the area for greater economic impact. Each year, MDT will develop a list of platform project opportunities available for the current fiscal year.
This program is an innovative method of financing (i) the acquisition, construction and equipping of qualified manufacturing production facilities and/or equipment, and (ii) refinancing outstanding tax-exempt bonds. The Tax-Exempt Program provides low interest rate loans to qualified borrowers through the issuance of tax-exempt revenue bonds by the Missouri Development Finance Board.
This program is an innovative method of financing the acquisition, construction and equipping of qualified facilities and/or equipment. All types of retail, commercial and industrial projects qualify for participation in the Taxable Bond Program. The program provides competitive rate loans to qualified borrowers through the issuance of private activity, industrial revenue bonds by the Missouri Development Finance Board.
The Meet in Missouri Act was established by House Bill 1698 to provide a financial incentive for Destination Marketing Organizations to attract major out-of-state conventions to Missouri. The Missouri General Assembly passed the act in May 2016, and it went into effect in August 2016. Annual funding levels for the Meet in Missouri Act will be determined by the General Assembly.
Per Section 620.3300 RSMo, this new program assists Missouri’s military communities in supporting and sustaining their installations, to encourage communities to initiate coordinated response programs and action plans in advance of future federal government realignment and closure decisions, and to support community efforts to attract new or expanded military missions.
If your business has property for the purposes of storing/dispensing alternative fuels or for electric recharging, incentives are available for a maximum of 20 percent of the total costs directly associated with the equipment.
Since 1983, the Missouri Arts Council and the State of Missouri have been honoring our state’s arts heroes—the people who make the arts happen. The annual Missouri Arts Awards celebrate people, organizations, and communities that have made profound and lasting contributions to the cultural and artistic climate of the state. Honorees are selected by an independent panel in six categories: Arts Education, Arts Organization, Creative Community, Individual Artist, Leadership in the Arts, and Philanthropy.
To spur growth in the arts industry, the Missouri Arts Council provides grants and other programming to help communities fund performances as well as educational initiatives in the arts.
The Missouri Arts Council provides funding for quality arts programming to eligible applicants that include (but are not limited to) arts or arts education organizations, chambers of commerce, public libraries, government agencies, youth organizations, public school districts, private K-12 schools, community arts organizations, social service organizations, colleges and universities, and religious organizations. Missouri Arts Council funds may be used for artist fees, artist travel expenses, marketing arts events, project-related educational materials, and more.
The Missouri Broadband Grant Program was created in the Revised Statutes of Missouri sections 620.2450 to 620.2458 in 2018. The focus of this grant program is to provide state resources that help providers, communities, counties, and regions invest in building broadband infrastructure in unserved and underserved areas of the state. In the 2019 legislative session, $5 million was appropriated for the inaugural round of grant funding.
If your business is looking to grow, check out Missouri's Certified Sites located throughout the state. Each have been pre-qualified through a standardization process to meet the requirements of industry. For a site visit or more information about a specific location, connect with the specific contact featured on the links below. If you are a community hoping to have your site established and placed on the list, review and submit an application.
This program provides for a limited number of immigrant visas to individuals desiring to engage in new commercial enterprise in Missouri and create new jobs in rural areas or areas with high unemployment. Projects must meet investment thresholds.
MHEC is a voluntary program designed to promote energy efficient homes through clear and meaningful recognition. It is intended to help homeowners convey the invested value of the energy efficient features of their home to potential buyers. The criteria for recognition have been determined by working with interested and affected parties. Many of the existing energy programs have been taken into account regarding all aspects of home energy use and how they can tie together to recognize a home’s energy efficiency.
The Missouri Housing Development Commission, created by the 75th General Assembly, is an instrumentality of the state of Missouri, which constitutes a body corporate and politic.
The Missouri Housing Trust Fund was created by the state Legislature in 1994 to help meet the housing needs of very low income families and individuals. The Missouri Housing Development Commission administers the Trust Fund, which provides funding for a variety of housing needs, such as homeless prevention; rehab or new construction of rental housing, rental assistance; and home repair.
The Missouri Development Finance Board is authorized to provide local political subdivisions, including public sewer and water districts, with long-term, 3% interest rate loans.
The purpose of this program is to help rural communities with a population of 5,000 or less, and rural districts that have a financial hardship with their infrastructure project, and are unable to obtain financing elsewhere. These loans are to partially fund infrastructure improvements, with priority given to water and sewer projects addressing public health and safety issues.
This loan program helps rural communities and rural districts that have a financial hardship with their infrastructure project, and are unable to obtain financing elsewhere. These loans are to partially fund infrastructure improvements, with priority given to water and sewer projects addressing public health and safety issues.
To support Missouri’s manufacturers, the state provided incentives in the form of withholding taxes to expand manufacturing facilities for an existing product. Projects involved a capital investment as well as the creation and/or retention of jobs. This program expired in 2016.
Facilitate the creation of quality jobs by targeted business projects.
MTC is the state’s public-private organization that invests directly in tech and bioscience focused startups with the goal of accelerating private capital to fuel their growth. MTC's early stage capital co-investments help startups finance important activities to commercialize their technologies, such as hiring key personnel, protecting intellectual property, prototyping and proof of concept work, and purchasing equipment. The organization also provides grants to incubators, accelerators, and research centers throughout the state to further strengthen the entrepreneurial ecosystem.
The Missouri Arts Council is dedicated to providing performance arts experiences for audiences throughout the state to nurture appreciation for Missouri’s diverse cultural resources. We do this in two ways: we promote touring artists on our directory, and we financially support their performances throughout Missouri (and a five-state region through Mid-America Arts Alliance).
As the state’s number one incentive tool for expansion and retention, this program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri. Looking for cutting-edge training programs that will get your workforce up to speed? Learn more about our premier workforce training program, Missouri Works Training.
Missouri Works Training is the state’s premier company training program! Its sole mission is keeping our Missouri companies competitive, by increasing the skills and productivity of our workforce.
The Missouri Technology Corporation makes strategic investments in public and private non-profit research institutions (including higher-ed) and non-profit entrepreneurial support organizations to expand the state’s innovation ecosystem that help entrepreneurs commercialize new technologies and create next-generation jobs.
Facilitate the redevelopment of downtown areas and the creation of jobs by providing essential public infrastructure.
Learn about ways your community can embark on renewable energy projects. This program provides financial incentives for public infrastructure for the development of renewable fuel production facility or new generation processing entity facility to spur job creation and agricultural product markets throughout the state.
Applications are accepted year round.
To stimulate the mutual fund industry in Missouri, this program helps certify investment advisory firms or those providing services on behalf of an investment company, allowing them to utilize a more favorable state income apportionment method for tax purposes.
Applications are accepted year round.
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Implement community or neighborhood projects in your town that will strengthen economic development. This program can help fund job training initiatives, crime prevention, community service projects, and revitalization of community-based buildings and areas.
A Neighborhood Improvement District (NID) is a special taxing district that collects revenue within its designated boundaries to help pay for public infrastructure, facilities or other improvements that confer a benefit on property within the district, normally a residential and not a commercial area.
To provide an incentive for the rehabilitation or construction of owner-occupied homes in certain areas of the state.
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Provide supplemental funding for investment entities that have been approved for the Federal New Markets Tax Credit (NMTC) program in order to direct more funding to Missouri projects. The NMTC program provides state and federal tax credits to investors that make investments into approved funds, which will make investments in eligible projects located in low income census tracks in Missouri.This program does not provide tax credits directly to businesses.
Some jobs require training that is beyond what you receive in a classroom or the experience you may have gained from previous jobs. The goal of On-the-Job Training is to put unemployed individuals back to work earning a paycheck while receiving job specific training, instruction, and real work experience. Training takes place in a real work environment, using the tools, equipment, and materials employees use when fully trained. Upon completion of the training, you will be ready for placement in a long-term position.
An Opportunity Fund is any investment vehicle organized as a corporation or partnership for the purpose of investing in Opportunity Zones that holds at least 90% of its assets in qualified Opportunity Zone assets.
The annual Poetry Out Loud National Recitation Contest encourages the nation’s high school students to experience great poetry through participating in a dynamic nationwide recitation competition. This program helps students master public speaking skills, build self-confidence, and learn about their literary heritage. Missouri has participated in Poetry Out Loud every year since the program was founded in 2006 by the Poetry Foundation and the National Endowment for the Arts (NEA).
Provides lower-interest financing for certain types of projects.
Property Assessed Clean Energy or PACE programs, allow local government entities to raise money through the issuance of bonds or other sources of capital to fund energy efficiency and renewable energy projects to eligible property owners. Through the creation of financing districts, property owners can finance renewable onsite generation installations and energy efficiency improvements through a voluntary assessment on their property tax bills that is repaid over a period up to 20 years.
Provides local governments individually structured, tax-exempt revenue bonds to make improvements to public buildings such as police and fire departments, jails, water systems, streets, utilities or to acquire land, demolish buildings, or redevelop a blighted area.
To stimulate business activity in Missouri’s “distressed communities” by providing tax credits to eligible businesses that locate, relocate or expand their business within a distressed community.
Helps communities increase supply of housing for low and moderate income families by providing a tax credit for developers to rehabilitate or construct rental housing.
The MDFB Single Issue Tax-Exempt Industrial Revenue Bond Program (the “Tax-Exempt Program”) is an innovative method of financing (i) the acquisition, construction and equipping of qualified manufacturing production facilities and/or equipment, and (ii) refinancing outstanding tax-exempt bonds. The Tax-Exempt Program provides low interest rate loans to qualified borrowers through the issuance of tax-exempt revenue bonds by the Board.
To grow the state’s manufacturing industry, a variety of producers (electrical energy, coal, gas, machinery equipment, chemicals, energy sources, materials, etc), can access a 4.225 state sales tax exemption as well as a local use tax.
Applications accepted year round.
Looking to hire highly-skilled and versatile workers? Take the pledge today and start connecting with our military men and women after they return home from service. Their dedication and technical knowledge can translate across the board in a variety of industries. Your company can achieve even greater potential with these leaders on your team.
The purpose of the Show Me Strong Personal Protective Equipment (PPE) Retooling Program under section 601(a) of the Social Security Act, as added by section 5001 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) is to provide grant funding to manufacturers, nonprofit organizations, and other entities to reimburse certain costs for retooling existing facilities by purchasing necessary equipment and services to manufacture critically needed PPE for use in Missouri.
To provide financial assistance and access to capital to businesses impacted by a natural disaster. This may include businesses sustaining direct property damage or local businesses sustaining interruptions to their operations and services because of temporary customer loss, temporary interference with access, or other impacts.
This program helps small business incubators leverage funds to use for working capital and other non-operating expenditures that support new business creation in communities. View a map of the organizations throughout Missouri that participate in this program and provide a variety of services to help entrepreneurs grow.
These low-interest direct loans help small businesses take steps toward expanding and creating jobs.
The Department of Economic Development (DED) will make a deferred loan to a not-for-profit development corporation to assist in the location of new companies to Missouri communities and the creation of new full-time jobs primarily for low to moderate income (LMI) persons.
Facilitate the redevelopment of blighted areas by providing essential public infrastructure.
Applications are accepted year round.
Get involved in developing Missouri’s future workforce by opening the doors to your business to our youth workers this summer. At no cost to your company, you can connect with motivated employees and provide valuable workplace experience.
The Tax Credit for Contribution program allows any taxpayer to donate to the Board’s Infrastructure Development Fund in exchange for a tax credit equal to 50 percent of the value of the contribution. State agencies or local governments are then eligible to apply for funding through the collected proceeds of the fund to make public infrastructure improvements.
Provides local or state agencies (or local political subdivisions) tax credits to fund public infrastructure facility projects such as highways, water supply and distribution systems, mass transportation equipment/facilities, telecommunications facilities, jails and prisons, sewage facilities, airports, railroads, reservoirs, and more as well as to acquire blighted real estate or demolish structures to make way for future development.
A Transportation Development District (TDD; District) may be created by the Missouri Highways & Transportation Commission (Commission) if the Project involves any of the state’s highways or transportation system to fund or operate one or more projects that would assist the promotion, design, construction, improvement or operations of this infrastructure.
The program provides cost-effective energy-efficient home improvements to Missouri's low income households, especially the elderly, children, those with physical disadvantages, and others hit hardest by high utility costs. The program aims to lower utility bills and improve comfort while ensuring health and safety. Today, weatherization is the nation's largest residential energy efficiency program.
With more than 120 wineries throughout the state, Missouri supports continued growth for our vineyards and wine producers. Through this program, growers and producers can access tax credits for the purchase of new equipment and materials for expanding Missouri’s wine industry.
Applications accepted through October 31, 2017 for eligible expenditures. No new authorizations or issuance of tax credits shall be made after December 31, 2017.
The Wood Energy Tax Credit allows individuals or businesses processing Missouri forestry industry residues into fuels a state income tax credit of $5.00 per ton of processed material (e.g., wood pellets). A multiplier of 4 applies to charcoal, based on the amount of Missouri forest industry residue required to produce one ton of charcoal. Any amount of credit exceeding the tax due by a company in the year of production may be carried over to a subsequent taxable year, not to exceed four years.
The purpose of the Youth Opportunities Program is to broaden and strengthen opportunities for positive development and participation in community life for youth, and to discourage such persons from engaging in criminal and violent behavior.