Missouri provides you with a solid business expansion foundation, financial and otherwise. In Missouri, taxes and business costs don’t eat up all of your company’s profits. With only income earned in Missouri being taxed, you’ll receive a critical advantage for your business. Starting January 1, 2020, Missouri’s corporate income tax rate dropped to 4 percent, making us one of the most tax-friendly states in the U.S. Missouri also moved to a single factor, market-based corporate income tax apportionment model based only on sales. In addition, it is important to note that Missouri has not adopted worldwide or nationwide unitary tax assessment in computing multinational corporate income tax liability.
Corporate benefits like low business and labor costs, customized training programs through Missouri One Start, reliable and inexpensive energy, aggressive and performance-based incentives and a statewide commitment to attracting companies and investment, make Missouri a place where your company can come to grow and thrive. Let’s talk to find out how we can assist you in improving your profitability and lowering your business costs; we’ve listed several critical benefits below that show why Missouri is the perfect place for business expansion or relocation.
Keep your operating costs at a minimum; with a low, predictable monthly bill, you’ll be able to budget more accurately and effectively.
This rebar micro-mill project is consistent with our long-term strategy for profitable growth and builds on our position as the low-cost producer. Strategically positioning this micro-mill in Sedalia will give us a sustained cost advantage over other domestic steel producers supplying rebar from outside the region.— Nucor / John Ferriola
There are cost advantages to working out of Missouri. Corporate taxes, fuel taxes and property taxes are very low in the state. Utility costs among the lowest in the country.— Integrated Wind Energy / Hugh Gilmore
For manufacturing, overall costs of labor, utilities, cost of land and buildings and the skilled labor pool, Missouri is one of the best values in the country.— Leinco Technologies / Patrick Leinert
The work ethic here is really good. People come in and work hard. They’re used to working hard before we hire them.— Jack Henry & Associates / Jack Prim
I've lived in a lot of places, and there is a difference here in how people conduct themselves. There is a strong work ethic and friendliness that I haven't found elsewhere.— Triumph Pharmaceuticals / Dr. Susanne Cohen