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Introduction
Table of Contents
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MODED - Missouri Department of
Economic Development
About DED
The Department of Economic Development will achieve
its vision by stimulating and supporting economic security, opportunity,
growth and a high quality of life in Missouri communities.
The Department of Economic Development administers a
wide array of programs designed to enhance Missouri's economy in the
21st Century. It is composed of agencies that execute statutory
requirements and department policy in the areas of community, economic
and workforce development,.
DED's
strategic plan offers information regarding the department's efforts
and initiatives.
If you have questions, please
Contact Us.
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Rebuilding
Communites
Purpose
To stimulate business activity in Missouri’s “distressed
communities” by providing tax credits to eligible businesses
that locate, relocate or expand their business within a
distressed community.
Eligible Areas
Distressed Communities only. For a list of cities and
census block groups that are “distressed communities,” click on
the link above.
Eligible Applicants
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Must have more than 75% of its employees at the facility
in the distressed community.
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Must have fewer than 100 employees total at all
facilities nationwide (before commencing operations or
relocating).
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Primarily engaged in manufacturing, biomedical, medical
devices, scientific research, animal research, computer
software design or development, computer programming
(including Internet, web hosting, and other information
technology), telecommunications (wireless, wired or
other), or a professional firm.
How the Program Works
Categories of Business:
New or Relocating Businesses
Eligible new or relocating businesses may choose one of the 40%
Tax Credits and the employees may receive the 1.5% Employee Tax
Credit.
Existing Businesses
Eligible businesses already located in a distressed community
may be eligible for the 25% Equipment Tax Credit. Existing
businesses that double the number of full time employees in the
distressed community from the previous year, may choose one of
the 40% Tax Credits.
Contact
Business and Community Services
Finance Management
301 West High Street, Room 770
P.O. Box 118
Jefferson City, MO 65102
Phone: 573-751-4539 Fax: 573-522-4322
E-mail:
dedfin@ded.mo.gov
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Website:
http://www.missouridevelopment.org
Purpose
Assist local governments with a self-guided local
assessment and planning process tool.
Eligible Areas
Any Missouri city, county, town, village or recognized
neighborhood organization may use the MOCAPP process.
Plan Deadlines
Communities initiating MOCAPP must first send a copy of
their local Ordinance/Resolution to the Business and Community
Services Division (BCS) to serve as notification of their intent
to proceed. Completed plans must be sent to BCS no later than
February 1st of any year in order to allow adequate review time
prior to the spring Governor’s Conference.
How the Process Works
The Process is a self-guided, form-driven assessment
and planning tool. MOCAPP includes 5 categories and 37
sub-categories for consideration by the local planning team.
Those communities interested may participate in completing the
necessary thresholds for recognition as a Star City, 5-Star
City, or All-Missouri Certified City. The recognition will
occur for qualifying, approved participants at the annual
Governor’s Conference for Economic Development.
Eligible Plans
Eligible participants must pass the initial resolution,
create or submit an existing local community vision statement,
and complete all of the required steps and submit all of the
accompanying forms found in the MOCAPP Guidebook to the Business
and Community Services Division.
Evaluation Criteria
A recommendation for certification of a Star City
status, a 5-Star City status, or an All–Missouri Certified City
status will be based on criteria that includes:
Contact
Business and Community Services
Marketing Team
301 West High Street, Room 720
P.O. Box 118
Jefferson City, MO 65102
Phone: 573-526-1073 Fax: 573-526-3216
Email:
mocapp@ded.mo.gov
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| Website:
http://www.missouridevelopment.org
The Community Development Block Grant
Program (CDBG) offers grants to small Missouri communities to
improve local facilities, address critical health and safety
concerns, and develop a greater capacity for growth. We offer
funds for projects that can range from housing and street
repairs to industrial loans and job training.
Eligible Applicants:
State CDBG funds are only available to non-entitlement areas
(incorporated municipalities under 50,000 and counties under
200,000 in population).
Application Procedure:
Depending on the funding category, applications are
either accepted on a continuous cycle throughout the year or
have a specific deadline. Please refer to the individual
categories for more information.
Funding Limits:
The maximum amount available varies, depending on the type of
project. Please refer to the individual categories for more
information.
Authorization:
The Housing and Community Development Act of 1974
(Public Law 93-383), as amended. CDBG is a "pass through"
funding program from the US Department of Housing and Urban
Development.
Business and Community Services
301 W. High Street, Rooms 720, 770 Jefferson City, Missouri
65102
Tel: 1-866-647-3633 Fax: 1-573-751-7384 Email:
missouridevelopment@ded.mo.gov
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| NEIGHBORHOOD ASSISTANCE PROGRAM
What is the purpose of the Neighborhood Assistance Program?
The Neighborhood Assistance Program provides
assistance to community-based organizations to enable them to
implement community or neighborhood projects in the areas of
community service, education, crime prevention, job training and
physical revitalization.
How does the program work?
The Neighborhood Assistance Program provides
State tax credits to an eligible taxpayer in an amount equal to
either 50% or 70% of a qualified contribution to an approved
Neighborhood Assistance Program project. Prior to receive the
tax credit, an application must be made to the Department of
Economic Development. Applications may be submitted any time
after applications become available (March) to qualify for a
project the following fiscal year (July I-June 30) and not later
than March 1 of the following year. Applications are reviewed
until funding is depleted. Preference is given to projects
addressing specified program outcomes. The program also seeks
projects located in distressed communities and in target
communities as determined by the Department of Economic
Development.
Who is eligible to apply for the program?
Any business, non-profit corporation, 50I(c)(3) organization
or individuals who operate a sole proprietorship, operate a
farm, have rental property or have royalty income, individuals
who are a shareholder in an corporation, a partner in a
partnership or a member of a limited liability corporation who
make an eligible donation to an approved Neighborhood Assistance
Program project.
For More Information:
Missouri Department of Economic Development
Business and Community Services Finance
301 West High Street, Room 770
P.O. Box 118
Jefferson City, Missouri 65102
Phone: 573-751-4539
Fax: 573-751-8480
E-mail: dedfin@ded.mo.gov |
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Purpose
Provide tax credits to new or expanding businesses in a
Missouri Enhanced Enterprise Zone.
Eligible Areas
An eligible project must be located in a Missouri
Enhanced Enterprise Zone. Enhanced Enterprise Zones are
specified geographic areas designated by local governments and
certified by the Department of Economic Development (DED). Zone
designation is based on certain demographic criteria, the
potential to create sustainable jobs in a targeted industry and
a demonstrated impact on local industry cluster development.
Eligible Applicants
Individual business eligibility will be determined by
the zone based on creation of sustainable jobs in a targeted
industry or demonstrated impact on local industry cluster
development. Gambling establishments, retail trade, and food
and drinking places are prohibited from receiving the state tax
credits. Service industries can be eligible if a majority of
their annual revenues will be derived from services provided out
of the state. DED will consult with the local government in
determining eligibility. The following minimum new job and
investment requirements must be met as compared to the base
year:
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New or expanded business facility – 2 new business
facility employees and $100,000 new investment.
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Replacement business facility – 2 new business facility
employees and $1,000,000 new investment
How the Program Works
The Enhanced Enterprise Zone Program is a discretionary
program offering state tax credits to Enhanced Business
Enterprises. Tax credits may be provided each year for up to
five tax years, based on tax credits reserved for the project.
A company may request a proposal for one
additional five-year period for a subsequent expansion if all
program and minimum new job/investment requirements are met.
A facility may not earn tax credits for more
than one ten-year period.
New jobs and new investments must be added
after the date the zone is certified by the state to be eligible
for benefits.
Eligible investment expenditures include the
original cost of machinery, equipment, furniture, fixtures, land
and building, and/or eight times the annual rental rate paid for
the same. Inventory is not eligible.
Contact
Business and Community Services
Finance Management
301 West High Street, Room 770
P.O. Box 118
Jefferson City, MO 65102
Phone: 573-751-4539 Fax: 573-522-4322
E-mail:
dedfin@ded.mo.gov
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Welcome to the Missouri
Economic Research and Information Center!
MERIC is the research division for the Missouri Department of
Economic Development. We provide innovative analyses and
assistance to policymakers and the public, including studies of
the state’s targeted industries and economic development
initiatives. Other MERIC research includes Economic Condition
Reports, Economic Impact Assessments, and Labor Market
Information produced in cooperation with the U.S. Department of
Labor.
On our website you will find the latest research on Missouri
industries, workforce, regions and economic conditions, with
observations on the state's business climate. In today's
fast-paced global business environment, good information for
sound decision-making is more than a strategic advantage -- it's
a necessity.
Contact Info:
Missouri Economic Research & Information Center
P.O. Box 3150
Jefferson City, MO 65102-3150
TEL: 1-866-225-8113
FAX: (573) 751-7160
E-MAIL:
MERICData@ded.mo.gov |
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Missouri
Business Portal
For business
registrations, filings, licenses and permits for doing business
in the State of Missouri”.
http://www.business.mo.gov/
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Quality Jobs
Program
Purpose
Facilitate new quality jobs by targeted business projects.
Eligible Areas
Anywhere in the state of Missouri.
Eligible Businesses
For-profit and non-profit businesses except for
gambling, retail trade, food and drinking places, Utilities
regulated by the Public Service Commission, companies that are
delinquent in non-protested taxes or other payments (state,
federal or local), or any company that has filed for or has
publicly announced its intention to file for bankruptcy. The
average wage of the new jobs must equal or exceed the county
average wage (as published by DED), and the company must offer
health insurance and pay at least 50% of the premium.
To qualify, the company must create a minimum
number of new jobs at the project facility prior to the
“deadline” date, based on the type of project:
Program Benefits
For “Small/Expanding” businesses, the benefits of the
program are the retention of the state withholding tax of the
new jobs. For “Technology” and “High Impact” businesses, the
benefits of the program are (a) the retention of the state
withholding tax of the new jobs; and (b) state tax credits,
which are refundable and/or sellable. The program benefits are
based on a percentage of the payroll of the new jobs. The
program benefits are not provided until the minimum new job
threshold is met and the company meets the average wage and
health insurance requirements. The program benefits are
calculated as follows:
"Average Wage Bonus”
(company average wage as a percentage of county average wage):
“Local Incentives Bonus” (amount of local
incentives provided to the project as a percentage of the amount
of new local tax revenues derived from the project, over 10
years):
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10-24%: 1% bonus of
payroll of the new jobs.
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25-49%: 2% bonus of
payroll of the new jobs.
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50% or more: 3% bonus of
payroll of the new jobs.
Each time the business meets the minimum new
job threshold, it may start a new five-year period (three-year
for small/expanding businesses) for the net new jobs created.
There is no limit on the time number of periods a company may
use the program, as long as minimum new job thresholds and other
program qualifications are met.
“New jobs” are defined as
full-time (35 or more hours/week), year-around employees of the
company that are employed at the project facility, based on the
increase from the “base employment” (the average employment
for the twelve months prior to the date of DED’s approval of the
Notice of Intent). In the event the company (or a related
company) reduced jobs at another facility in Missouri with
related operations, the new jobs at the project facility would
be reduced accordingly.
Contact
Business and Community Services
Finance Management
301 West High Street, Room 770
P.O. Box 118
Jefferson City, MO 65102
Phone: 573-751-4539 Fax: 573-522-4322
E-mail: dedfin@ded.mo.gov
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Customized
Training Program
PURPOSE
Provide assistance to Missouri employers for the
training and retraining of new and existing employees.
HOW THE PROGRAM WORKS
The Department of Economic Development, through the Division of
Workforce Development, operates the program in cooperation with
the Department of Elementary and Secondary Education. Missouri
employers may apply for Classroom Training.
- Classroom Training provides funding for employers
training new or existing employees in a classroom setting.
Assistance may be available for training costs such as
curriculum development, instructional salaries, and training
materials. Local education agencies, private vendors, or
company personnel may provide the training.
ELIGIBLE APPLICANTS
Missouri companies providing permanent, full-time employment to
Missouri residents if the company is:
- creating new jobs in the state above their peak
employment level in the past year; or
- retraining existing employees as a result of a
substantial new capital investment.
APPLICATION PROCEDURE
Missouri employers should submit an Employer Request for
Training 30 days prior to the start date of training or hiring.
The Customized Training staff will review the application and
notify the employer of the final decision.
SPECIAL PROGRAM REQUIREMENTS
Funding amounts are approved on an individual basis. Some
occupations and industries may not be eligible for this program
and minimum wage rates apply.
CONTACT
MO Department of Economic Development
Division of Workforce Development
Employer Relations Section
421 East Dunklin, PO Box 1087
Jefferson City, MO 65102
Phone: 573-526-8254
Fax: 573-522-9496
Phone: 800-877-8698
E-mail:
wfdcusto@ded.state.mo.us
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Program Name: Great Hires-
Missouri Career Centers
Great Hires,
Missouri's Workforce
Resource, matching employers with employees.
Job Seekers:
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Access to thousands of
Missouri jobs, with job matches based on skills as well
as job titles
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Job Market Search feature to
find openings by title, skill set, field of study, or zip code
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Personal Homepage to store
searches, position descriptions, and communication with
businesses
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On-line Unemployment Insurance
claim reporting (available in
Missouri Career Centers)
Businesses:
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No-cost access to Missouri's
largest hiring pool and broadest variety of skill sets
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Streamlined 5-Step Job Posting
process, with increased control over your ability to ensure
qualified matches
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Ranking of candidates for more
precise match to business needs
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Individual Home Page with
consolidated list of all job postings, searches, and
communication
Web site
address:
http://greathires.org
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