Small Business Incubator Tax Credit

An incubator sponsor must apply to the Department of Economic Development for designation as an approved incubator. DED reviews and approves applications based on the following criteria:

• Ability of the sponsor to carry out the provisions of 620.495, RSMo;
• Economic impact of the incubator on the community;
• Conformance with area-wide and local economic
• development plans, if they exist; and
• Location of the incubator (encouraging geographic distribution of incubators throughout the state).

Contributor

Any taxpayer, including non-for-profit corporations, except
those that benefit directly from General Revenue such as Public Universities, may be a contributor. Applications can be submitted to DED year-round. Decisions will be made on a first-come, first- served basis, based on the annual amount of tax credits allocated to an approved incubator.