Missouri Partnership CEO, Subash Alias, recently sat down with Small Business CEO to discuss why Missouri should make the list for companies that are looking for a new location.
“As a business owner, you’re no stranger to risk. There’s risk involved in all major decisions, including those related to business expansion and relocation. That’s why it’s important to plan ahead and consider the options and resources available before you select a new location.
Despite Missouri’s natural beauty and diverse culture, people in other states tend to view it as a “flyover state.” In reality, Missouri is more than its agricultural industry or the St. Louis Gateway Arch. It’s an attractive state for entrepreneurs and leaders who are choosing a location for a business expansion or relocation.
Missouri strives to reduce business owners’ risks through various state-sponsored programs and offerings alongside one of the friendliest regulatory environments in the country. For instance, it provides companies with customized workforce strategies to ensure they have the right talent at the right time. And with highly competitive industrial electricity rates (about 11% lower than the national average), a AAA bond rating for more than 50 years, and stable rental prices (at $18.54 per square foot), it’s easy to feel confident when expanding a business into Missouri.
And that’s not all Missouri has to offer; there are other factors to consider when choosing a location for your business. Missouri has the second-lowest corporate income tax rate in the U.S. (among the states that have one). In fact, Missouri has one of the most business-friendly tax structures in the country. It aims to give business owners a solid foundation from the start by reducing their risks and maximizing their gains.
Companies in any industry can benefit from what Missouri has to offer.”
Check out the full article from Subash Alias here to see which four sectors he thinks Missouri is especially suited to help companies see maximum growth.