Incentives

An incentive program, based on Chapter 100 Revenue Bonds, is available, depending upon location within Boone County. Contact the REDI office for more information.

Local

• Electric rate incentives for new loads available from two suppliers
• Customized relocation package for key personnel
• No local earnings tax
• Local taxes are sales-based and only minimally affects business
• Moderate property tax rates
• Community Development Block Grants are available outside city limits for public infrastructure

State

Financing Industrial Revenue Bond financing available for qualifying projects Reduced rate financing Low interest loans for qualifying projects Incentive financing for large development projects	Tax Credits Industrial Development Fund income tax credit The Missouri Department of Economic Development offers assistance through the Missouri Quality Jobs Program 50% federal income tax deduction on Missouri corporate income tax Seed capital fund income or franchise tax credits
Tax Exemption Sales/use tax exempted on manufacturing machinery/equipment Sales/use tax exempted on air and water pollution control equipment Sales/use tax exempted on materials and supplies used to install exempted equipment Property tax exemption on business and industrial inventories	Training Reimbursement for on-the-job training and classroom training with few "strings" on who the company hires Assist in recruitment, screening, and testing potential employees Task-oriented training
Services REDI provides state and local permitting assistance REDI provides executive relocation assistance REDI staff member is assigned as company's personal community ambassador Sales/use tax exempted on electricity consumed in manufacturing process REDI provides one-stop-shop for local business issues

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