| "Why should a business invest
Missouri state economic
development professionals who are responsible for the attraction of business
investment and providing site selection assistance to executives and their
consultants were invited in April 2006 to provide an informative article on
this simple topic.
We publish their
point of view here for convenient reference. This reflects their local
market knowledge, project experience, and selective facts about their state business environment
and the competitive business investment climate in their region as presented below.
Additional comments and
research suggestions follow their article.
Who to contact for business investment projects in
article below about the competitive site selection advantages for business
investment projects, and the support services provided as companies grow in
Missouri, is from :
Missouri Department of Economic Development
Community Services Division
573-751-5994 e-mail - optional - see the Marketing
- state News section for project announcements or other PR
Buildings and sites - for commercial real estate searches
|Local business clusters can also be researched through
our Missouri directory of economic development agencies or other
are also available from other state economic development agencies.
The Long List : Why Invest In This
Business Location? and
|We also make
it easy to search the content of
fDi magazine - published by FT Business of the Financial Times group.
Try fDi Links,
or just pick their "radio button" in the custom Google site search box on the
home page at www.OnTheShortList.com
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contact us for assistance with business expansion project plans
anywhere. Global Direct Investment Solutions is an independent service
for executives and their advisors.
Tell us what you
need to find for your project, and we will help you in confidence. Our
role is like a concierge who organizes market knowledge and an extensive
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The GUIDE content below reflects our own research work among
local areas in the state.
Executive Summary : Why invest in
WhyMO.pdf copy of
this article. Published June 7, 2006
GUIDE content : GDI-Solutions
business is trying to succeed here in Missouri or in the global marketplace,
Missouri features many businesses incentives that will help a company reach
its full potential. Committed to enhancing Missouriís communities and
quality of life, the state represents an innovative and comprehensive
approach to sustaining strong communities.
Located in the nationís heartland, Missouri offers a
strong, stable and diverse economy that is essential to the success of both
large and small businesses. Missouri is home to the 20th largest
economy in the U.S. with a gross state product of over $203.2 billion. Each
year that economy continues to grow.
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Department of Economic Development has over 60 different incentive programs
operating out of the department. With these incentive programs, the most
important features of a positive business climate that facilitates growth
- A productive and trained workforce that is a
reasonable cost - Missouriís workforce is 5% more productive than
the national average and below the national average wage levels. The
state is ranked #1 by Business Facilities Magazine for workers quality of
education and educational achievement;
- A reasonable tax structure Ė Missouri is ranked
10th best business tax climate by the Tax Foundation and 10th by
the Pacific Research Institute for overall business-friendly tax system;
- A good quality of life Ė Missouri has the 6th
lowest cost of living, good quality schools, diverse geography and
outdoor activities, broad range of cultural and entertainment
opportunities and more.
- A cooperative state and local governments that
want to facilitate business growth by facilitating permits and zoning,
enacting needed reforms that affect business and assisting businesses
Consultants, other professionals
- other directories of
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Ad Recall -
state and local ads
- Missouri Ad
Recall - places to meet
BIO 2007, Boston
CoreNet Global Summits - US
Missouri passed several pieces of important legislation designed to promote
economic growth; two being the Quality Jobs Act and the Small Business
Regulatory Act. The passing of this legislation, Missouri saw a
total of 15,995 new business formations in the past year.
Through passing litigation reform in the state,
Missouri experienced a 5 place improvement in our national legal climate
rank and was recognized by the US Chamber of Commerce for having the most
improved legal climate in the nation.
- see US directory
Blunt signed into law workerís compensation reform that restores common
sense to the system and restores the balance between employee and employer.
By enacting workerís compensation reform, many businesses are enjoying the
economic freedom our market promotes.
Missouri continued to build great successes through legislation.
- In 2006, an important piece of legislation passed,
House Bill 1270. This Bill requires gasoline to contain at least 10% fuel
ethanol when the price of the alternative fuel is less than or equal to
the price of regular gasoline. Currently, there are 3 ethanol plants
across Missouri, producing an estimated 113 million gallons annually. Two
new plants are being constructed in the state.
- Senate Bill 1008 created the Governorís Advisory
Council on Agricultural Science and Technology. The council will be
responsible for identifying and enlightening Gov. Blunt on new areas of
agricultural science and technology, as well as providing recommendations
on regulatory matters, long-term needs for the agricultural science and
technology sector and future opportunities for the plant biotechnology
industry within the state.
- House Bill 1827 brought an exciting step for small
businesses, whose profits are limited to due to the high costs of health
insurance for employees. Under this Bill, numerous benefits are afforded
to small businesses by allowing professional associations of 50 or more
will be allowed to purchase health insurance for their employees. Before
this Bill was created, small businesses paid a high premium for health
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Missouriís economy is improving and by positioning the state to capitalize
our resources, Missouri will continue to see economic growth. Missouri
continues to add jobs across the state and has reached over 49,000 new jobs
since January 2005 under Gov. Bluntís administration. The stateís
unemployment rates stands below the national average.
The bottom line remains that Missouri is attracting and
creating jobs and will continue to do so.
and cost data
provided by Misti Preston, Communications Coordinator
Department of Economic Development - TEL (573)751-9065
Please let her know if you found this article to be
helpful, or if you have suggestions for improvement.
- Missouri news, press releases
- US North Central
directory of resources
to the above article : June 7, 2006. Requested April 18, 2006
||The above is
|If quoting the
above material, please cite the state organization and
contact as the original source, and that it was found through
www.gdi-solutions.com . For
more local area information, refer to our
of economic development agencies and chambers of commerce, or refer to our
Central Region directory for additional sources of information, including
professional service providers in the region.
This article was prepared by professionals who are responsible for the attraction of
business investment projects to the state, such as for new offices,
factories, distribution centers, etc. These articles are not edited to
reflect our own research, experience, or point of view, nor do we validate
the assertions which they have made in the article, or make any warranty about such
content. We provide other content and links through our independent
GUIDE research work.
Please let us
know if there are other topics which you would like these articles to cover,
or if you feel that any updates or corrections are needed.
Comments based upon experience as an executive or professional service
provider responsible for the planning
of investment projects anywhere are welcome. We also welcome other
professional research reports which we can summarize and make available
through links to relevant websites where they are published.
maintain many reference directories
of economic development agencies, professional service provides, and topics
of common interest for capital investment project planning.
This includes directories of project announcements, property
listings, incentives information, labor market information, and many other
resources to facilitate project plans.
Research directory provides
links to many sources of information and data which may be helpful to
executives for capital investment project plans and quick reference in
The focus of our work, however, is to
provide personal response to business enquiries which are relevant to this
contact us for assistance with business expansion plans.
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