Chat with us, powered by LiveChat

New data center incentives make Missouri more competitive

makethumbnail-aspx

Missouri’s new data center incentive legislation makes the Show-Me state highly competitive with many others—including Arizona, Nebraska, Texas, Tennessee and Virginia—by providing businesses sales and use tax exemptions on qualified equipment, utilities and machinery.

“[These incentives] will create jobs and encourage capital investment in communities across the state,” said Missouri Senator Mike Parson. “By bringing more high-tech jobs to our rural communities, we are working together to strengthen our economy and move Missouri forward.”

These incentives provide a definite edge to Missouri’s data centers, especially when combined with the state’s skilled talent, low-cost and reliable electricity, strong fiber connectivity, unique underground facilities and leading business environment.

Requirements for companies new to Missouri:

  • 10+ new, full-time jobs
  • Wages averaging at, or above, 150% of county average
  • $25M in new investment within 36 months of NOI

Requirements for existing Missouri companies:

  • 5+ new, full time jobs
  • Wages averaging at, or above, 150% of county average
  • $5M in new investment within 12 months of NOI

“Consistent with the fiscally responsible approach to economic development we’ve pursued from Day One, this bill will help attract high-tech data center investments and jobs – without putting our budget or taxpayers at risk,” said Missouri Governor Jay Nixon.

With these new incentives, along with the statewide commitment at all levels to supporting data center growth, it’s easy to see why Missouri is the state data centers should be considering. Download a PDF version of the incentive spec sheet for more information.