STATE & LOCAL
INCENTIVES
The state of Missouri and Randolph County provide a range of incentives designed to support businesses looking to invest, expand, or relocate to the Moberly area. The Moberly Area Economic Development Corporation (MAEDC) team is here to guide your organization through these opportunities, offering expertise to ensure you maximize available resources and programs. Whether you're seeking workforce development support, tax incentives, or infrastructure assistance, MAEDC connects you to solutions tailored to your needs.
For more information, reach out to our team today!
Local Incentive Programs
Local incentive programs are available for new or expanding businesses.
Eligibility
Local incentive programs are discretionary. Eligibility varies with individual programs and is based on the company’s core business operations.
Funding Limits
Funding limits are determined based upon the project’s minimum capital investment, number of new jobs created and level of employee compensation.
Application/Approval Procedures
MAEDC must first offer program benefits in the form of a formal proposal. The company must return the accepted proposal within 90-days of the proposal date. All incentives must be approved prior to the start of construction, purchase of equipment or hiring of new personnel.
Incentives:(FOR QUALIFYING PROJECTS)
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Enhanced Enterprise Zone
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Real and Personal Property Tax Abatements
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Low Cost/No Cost Land Options
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Build to Suit Scenario/Bond Financing
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Waiver of Municipal Fees & Charges
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Negotiable Local Utilities; Utility Credits for FTE Jobs
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Streamlined Permitting Process
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Sales & Use Tax Abatements on Building Materials and Equipment
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Assistance with Infrastructure Improvements
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Foreign Trade Zone Program
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HUBZone Program
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USDA/SBA Loan Guarantee Programs
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New Market Tax Credit Financing Program
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Customized Training Opportunities
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Incentives Coordination and Assistance
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Facilitation of Permitting Process and Approvals
State Incentive Programs
The state of Missouri offers a variety of incentive programs to support business growth, workforce development, and infrastructure expansion. These programs are designed to help businesses of all sizes thrive, from startups to established corporations.
Key programs include:
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Missouri Works Program: Provides benefits to companies creating quality jobs in Missouri.
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BUILD Program: Offers financial support for major capital investments.
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Chapter 100 Bonds: Helps finance real and personal property improvements.
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Customized Training Programs: Tailored workforce training resources for employee development.
To learn more about these and other incentive programs, visit the official Missouri Department of Economic Development website or contact the Moberly Area Economic Development Corporation.
Our team is ready to assist you in identifying the programs that best suit your business needs and navigating the application process.