Moberly Area Economic Development Corporation
Organized in 1988 to promote growth and investment in Moberly and Randolph County, MAEDC is a nonprofit, public/private partnership that works to promote new investment in the area in an effort to increase the quality of life of our citizens. In 2011 the organization expanded to add Cooper and Monroe Counties and in 2013 Howard County joined the partnership with MAEDC functioning as the lead economic development agency for all Counties. In 2012 MAEDC co-founded Grow Mid-Missouri an entrepreneurial development program which serves 17 counties in northeast Missouri.
The MAEDC Region
The MAEDC Region located in the middle of the Midwest is an ideal place to locate your business. Take this fast paced tour through the facts about our region with this video, and you will realize why the MAEDC Region is "The Place to Be".
The MAEDC Region is a world-class business location and the heart of the north-central Missouri industry and technology community. Our dynamic companies, well-educated and highly skilled workforce, excellent school systems and cultural amenities make the MAEDC Region one of the most desirable places to live and work in the United States. The MAEDC Region offers several designated Enhanced Enterprise Zones offering potential incentives and tax benefits for businesses. Educational facilities ensure a steady supply of well-qualified workers and support local companies by providing training tailored to business needs. The region boasts a large qualified workforce armed with the high tech skills for today’s business needs. The MAEDC Region is fortunate to have forward minded leaders in government, business and civic roles, which allows the area to continue to be vibrant for both business and recreation.
Other advantages of doing business in the MAEDC Region Include:
- Pending EB-5 Regional Center affording benefit for foreign investment
- Offering access to workforce of over 100,000 armed with the skills for today’s business demands with strengths in manufacturing, logistics, life sciences, bio-fuels, food processing, call center/back office, data centers and agriculture
- Missouri is consistently ranked among the lowest business costs of any state by National Business Advocacy Organizations with Randolph, Cooper, Monroe and Howard Counties being among the lowest cost Counties in the State
- Hundreds of acres of developable industrial land including shovel ready sites Certified by the Missouri Department of Economic Development
- Numerous existing industrial facilities available for immediate occupancy
- Multiple office parks with existing “plug and play” facilities for lease and shovel ready sites for purchase including AT&T Certified Fiber Parks
- Aggressive State and Local incentive packages
- Multiple Economic Development Professionals with expertise in site selection, project financing and incentives coordination
- Significant capacity in water/wastewater, electric, natural gas and communications/fiber
- Centralize location in the US offering proximity to all major US markets and all major US ports
- Highway transportation to include Interstate 70, 4-lane US Highway 63 and 4-lane US Highway 36 with connection to Interstate 72
- Direct rail access to Kansas City and St. Louis Missouri Intermodal Services which boast the 2nd and 3rd largest rail road terminals in the United States
- Direct rail access to port access on the Mississippi and Missouri Rivers
- Three Regional Airports offering executive jet travel, commercial service available within 30 miles at the Columbia or Quincy Regional Airports and the Region is within a two hour drive time of the St. Louis and Kansas City International Airports.
- Area training and education facilities include University of Missouri, Quincy University, Truman State University, AT Still University, Central Methodist University, Central Christian College of the Bible, Moberly Area Community College, State Fair Community College, John Wood Community College, Moberly Area Technical Center, Moberly Area Employer’s Training Consortium
- Walking and biking trails, lakes and State Parks to enhance the quality of life for our citizens and help our employers attract and retain quality employees
Companies currently located in the MAEDC Region include:
- Wal-Mart D.C., Caterpillar, Goodyear, Everlast, Nordyne, GE Capital, Leaf Financial, Fifth Gear, Cardinal Health, Indeeco, DURA Automotive, Wilson Trailer, CMMG, Monnig Industries, Inovatia Laboratories, Addison Biological Laboratories, Land O' Lakes, and more.
Business Advantages of Missouri
(taken from Missouri Partnership web site article)
Our region is located in the heart of Missouri. Missouri as a state ranks high in many leading economic indicators. Here are some of the highlights.
- Missouri has low energy costs. In 2010, Missouri had the 8th lowest average commercial energy costs and the 10th lowest industrial energy costs in the U.S. (EIA).
- Missouri has an excellent regulatory and tax climate for business. In 2010, Missouri's regulatory environment was ranked 7th best in the nation by Forbes. Missouri has the 5th lowest corporate income tax rate and the 16th best tax climate overall in the U.S. (Tax Foundation).
Missouri's workforce of over 3 million exceeds the entire populations of 20 other states, including neighboring Iowa, Kansas, Arkansas and Nebraska.
- Missouri is one of only 8 states to receive the highest bond rating by all three rating agencies, Fitch Ratings, Standard & Poors and Moody’s Investor Service, in 2011.
Located near the geographic center of the country, Missouri has 8 surrounding states (tied for the most) and is a one or two day drive from most U.S. markets.
11 Missouri companies were included in 2011's Fortune 500
: Express Scripts, Emerson Electric, Monsanto, Reinsurance Group of America, Ameren, Charter Communications, Peabody Energy, Smurfit-Stone Container, O'Reilly Automotive, Graybar Electric, and Centene.
Missouri is also the headquarters for 12 of America's Largest Private Companies, according to Forbes
: Enterprise, DeBruce Grain, Graybar Electric, Hallmark Cards, Bass Pro Shops, Apex Oil, Edward Jones, McCarthy Holdings, Schnuck Markets, AMC Entertainment, JE Dunn Construction Group, and World Wide Technology.
- Missouri's transportation advantages include:
1,181 interstate miles
32,800 highway miles
1,050 navigable waterway miles
- 13 ports authorities and 1 regional port commission
- 3 foreign trade zones
- The 119 hospitals across the state include the top ranked Barnes Jewish Hospital.
Missouri has the 4th most diversified economy in the U.S. with a GDP over $239 billion (BEA
) and exports totalling over $9.5 billion (WiserTRADE
- Missouri has 132 post-secondary degree-granting institutions, including Washington University, ranked 13th best in the United States by U.S. News and World Report.