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| "Why should a business invest
in Missouri?" 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
Missouri. The
article below about the competitive site selection advantages for business
investment projects, and the support services provided as companies grow in
Missouri, is from :
Jodi Krantz,
Manager
State of
Missouri Department of Economic Development
Business &
Community Services Division
Marketing Team
TEL
573-751-5994 e-mail - optional - see the Marketing
Team link
www.missouridevelopment.org
Missouri :
News
- state News section for project announcements or other PR
Missouri :
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
directories, including
site selection
consultants. |
Similar articles
are also available from other state economic development agencies.
See :
The Long List : Why Invest In This
Business Location? and
www.OnTheShortList.com |
| We also make
it easy to search the content of
fDi magazine - published by FT Business of the Financial Times group.
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or on this website. |
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back issues and future editorial and event plans, or our Ad Recall
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| Please
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
network of contacts for quick, flexible, and private response to diverse
needs through research and well-qualified referrals. |
If you find
this article or related content to be helpful, please let them know how you found it. We also
welcome
comments and suggestions to improve such articles and our research work.
Relevant reciprocal
links to this article or other content on this website are welcome.
The GUIDE content below reflects our own research work among
local areas in the state. |
 |
Ad Recall : fDi magazine |
|
Executive Summary : Why invest in
Missouri?
Download
WhyMO.pdf copy of
this article. Published June 7, 2006 |
GUIDE content : GDI-Solutions |
| Whether a
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 Missouri’s communities and
quality of life, the state represents an innovative and comprehensive
approach to sustaining strong communities.
Located in the nation’s 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. |
Area
Reports : Field Research
- none at this
time
Area
Profiles : Basic Research
- none at this
time
Area
Surveys : Local Summary
- none at this
time |
The Missouri
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
are:
- A productive and trained workforce that is a
reasonable cost - Missouri’s 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 – 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 – 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
where necessary.
|
Consultants, other professionals
-
business location
consultants
- other directories of
professionals
Available
consultant reports
- none at this
time
Ad Recall -
state and local ads
- Missouri Ad
Recall
Event
Recall - places to meet
-
BIO 2007, Boston
www.bio.org
-
CoreNet Global Summits - US
|
| In 2005,
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. |
Tax information
-
Governor
- see US directory
www.gov.state.mo.us
|
| Gov. Matt
Blunt signed into law worker’s compensation reform that restores common
sense to the system and restores the balance between employee and employer.
By enacting worker’s compensation reform, many businesses are enjoying the
economic freedom our market promotes. |
Business
Incentives
- Missouri
incentives information
-
incentives
consultants
- Incentives
research sources
|
In 2006,
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 Governor’s 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
insurance.
|
Existing
Companies, Clusters
Sites,
Buildings, Business Parks
-
MO commercial
property list
-
CRE Search
-
Featured properties - none
Science
Parks and Incubators
-
Technology parks directory
FTZ's -
Foreign-Trade Zones
-
FTZ directory
BRAC -
military base closures
-
BRAC directory
Rail,
Ports, Airports
- |
| Overall,
Missouri’s 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. Blunt’s administration. The state’s
unemployment rates stands below the national average.
The bottom line remains that Missouri is attracting and
creating jobs and will continue to do so. |
Labor
Market
Demographic
and cost data
Utilities information
GIS map
presentations |
|
|
Professional
services directories
-
Site selection,
strategy
-
Project
management
-
Corporate
real estate
-
Property developers
-
Human resources
-
Logistics
-
Tax services
-
Legal
-
international
-
Utilities
|
|
Article
provided by Misti Preston, Communications Coordinator
Missouri
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. |
PR :
Project Announcements
- Missouri news, press releases
- US North Central
region projects
Tourism
-
Residential
Real Estate
-
national
directory of resources |
| Latest update
to the above article : June 7, 2006. Requested April 18, 2006 |
The above is
GDI-Solutions content. |
| 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
Missouri directory
of economic development agencies and chambers of commerce, or refer to our
US North
Central Region directory for additional sources of information, including
professional service providers in the region. |
Questions or
Comments?
Contact :
Bruce Donnelly
TEL
847-304-4655 Chicago |
|
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. |
| Our
USA Search feature at
www.OnTheShortList.com can be used to selectively search the
websites of US state economic development agencies as a convenient research
tool. |
Similar research tools are the
Area Search
(areas within states),
CRE Search
(commercial real estate),
Event Search
(associations, trade shows), and
Media Search
(publications). |
| We also
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. |
Our
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
general. The focus of our work, however, is to
provide personal response to business enquiries which are relevant to this
field. Please
contact us for assistance with business expansion plans. |
| Feedback
from our visitors (Refer also to our general
Guest Book)
Was this presentation helpful? If so, please let
them know, and
inform us too.
With permission, we may selectively share comments below
by executives and professional advisors with relevant experience at the
planning and management of business operations in the state. This
includes executives who may have carefully considered potential investment
in the state, such as to set up new offices, factories, distribution, R&D
operations, etc.
In particular, we welcome comments which provide
significant additional insights into the basic question posed by us to the
state officials : Why invest in this business location? |
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