Missouri Partnership CEO, Subash Alias, recently sat down for a Q&A with Business Facilities Magazine to discuss Missouri’s business strengths. Find the full article here.
Q: What can you tell us about Missouri Partnership and what is happening right now in terms of economic development?
A: Missouri Partnership is an economic development organization that specializes in helping businesses select the most strategic location in Missouri to serve as a new business investment, expansion, or relocation destination. Since 2008, Missouri Partnership has played a vital role in the creation of 29,000+ new jobs, $1.5 billion+ in new annual payroll, and $4 billion+ in new capital investment by working with partners statewide to attract companies to the state.
In Missouri, we are currently seeing significant activity from companies across all sectors. But many of our recent projects have been in distribution and logistics, manufacturing, and the food industry.
Q: Why should companies consider Missouri at this point?
A: The opportunities are endless in Missouri – from the state’s low business costs to its location in the center of North America, Missouri is extremely appealing to the business world.
Workforce is top of mind for every company right now, and Missouri is first in the nation for on-the-job training, and second in the U.S. for completed apprenticeships. Businesses can operate in Missouri at a much lower cost than in other states. Additionally, Missouri has the third lowest corporate income tax in the U.S., and real estate is available and affordable.
Missouri is often the first U.S. location for international companies expanding into the U.S. market. In fact, Missouri had the third fastest FDI employment growth in the U.S. and is home to 700+ international companies from 41 different countries.
Q: Can you share some success stories in recent times?
A: Missouri is celebrating exciting new investments from global companies in every corner of the state. In Missouri Northeast, Verde Resources – a commercial producer and wholesaler of regenerative compost – just announced a $5.6 million investment to establish a facility capable of processing 100 tons of organic bio-waste per day which will significantly reduce greenhouse gasses produced in the dairy and livestock industries. The company uses cutting-edge technology which will bolster the state’s position as a leader in agriculture, a $94 billion industry in the state.
Deli Star just cut the ribbon on a new facility in St. Louis, investing nearly $100 million in the region. In Kansas City, online pet retailer Chewy recently opened its $143 million distribution center.
Check out the full Q&A with our CEO here.