To help companies embark on major investment and job creation expansions, provides low-interest loans to qualified borrowers through the issuance of tax-exempt revenue bonds for the acquisition, construction, and equipping of qualified manufacturing production facilities and/or equipment.
An eligible industry in manufacturing, processing, assembly, research and development, agricultural processing or services in interstate commerce must invest a minimum of $15 million; or $10 million for an office industry(regional, national or international headquarters, telecommunications operations, computer operations, insurance companies or credit card billing and processing centers) in an economic development project; and
Create a minimum of one hundred new jobs at the project facility within 3 years or a minimum of five hundred jobs if the project is an office industry or a minimum of two hundred new jobs if the project is an office industry located within a distressed community as defined in Section 135.530, RSMo .
Ineligible: Retail, health or professional services, intra-state relocations or replacement facilities
For more information, contact the Missouri Development Finance Board (link is external).
