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Point of View : Why a business should invest in Missouri.

Contact :   TEL   847-304-4655

Bruce Donnelly   bruce@gdi-solutions.com    (Biography)

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Introduction

"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.  Try fDi Links, or just pick their "radio button" in the custom Google site search box on the home page at www.OnTheShortList.com or on this website. We handle US advertising sales and related marketing work for fDi magazine.  Refer to our profile of fDI magazine for more information, including highlights of back issues and future editorial and event plans, or our Ad Recall directory for past fDi advertisers.
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.

 

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 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.

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 - 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 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 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.

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 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 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, 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.

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.
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 

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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