Development Assistance Programs
Industrial Park • Enterprise Zone Benefits • State Incentive Programs • Capital Tax Credit Program • Labor Supply • Health Services • City of Mountain View Industrial General Obligation Bond •

Industrial Park
Size: 65 acres
Developed: Paved Roads
Location: In city limits
Highway Access: Mo. Hiway 60 one mile
Zoned: Industrial
Linda Lewis, Director of Economic Development
117 W. Second Street
Mountain View, MO 65548
Phone: 417-934-2794 Fax: 417-934-2882
Email: mvcoc@townsqr.com

Enterprise Zone Benefits*
State Income Tax Credit
Income Tax Exemption
Partial Tax Credit Refund
*For eligible projects

State Incentive Programs*
Certified Capitol Companies
Research Expense Tax Credit Program
Interim Financing Loan Program
Missouri "Build" Program
Business Facility Tax Credit Program
50% Community Bank Tax Credit
Development Tax Credit
*For eligible projects

Capital Tax Credit Program

Missouri Department of Economic Development

Purpose

Induce private investment into new or growing Missouri small businesses, which will result in the creation of new jobs and investment.

How the Program Works

The investors in an approved business will receive a 40% state income tax credit on the amount of their equity investment or, in the case of a qualified investment in a Missouri small business in a distressed community, may receive a 60% state income tax credit. The percentage of stock purchased by the investors is negotiated with the business.

Applicable Projects

The business must derive their revenue primarily from manufacturing, processing or assembling of products; conducting research and development; or, service businesses which can demonstrate that 51% of revenue would be from outside the state of Missouri. To be qualified for the program, businesses must be headquartered in Missouri; be independently owned and operated; have 80% of its employees located in Missouri; and employ less than 100 persons. The annual revenue of the business in its last fiscal year must be less than $2,000,000.

Eligible Use of Funds

The funds invested in the business related to the program may be used for new capital improvements; research and development; and certain working capital expenses. All such funds must be used in Missouri.

Funding Limits

The minimum amount of tax credits allowed per investor is $1,500 ($3,750 investment). The maximum amount of tax credits allowed per investor is $100,000 ($250,000 investment). These limits shall not apply to investments made by a single investor in Missouri small business in distressed communities. Aggregate investments eligible for tax credits in any one business can be no less than $5,000 and no more than $1,000,000.

Department of Economic Development Resources

Web Site: http://www.ecodev.state.mo.us

Query to find applicable financing sources (public and private) for your project.

Related resources for small business financing: DED; CDBG Loan Guarantee; Action Fund Loan; CapCo Equity Investments. MO Treasurer: MO First Linked Deposit SBA: 504 Loan; 7a Guarantee; Low-Doc Guarantee; Cap-Lines Guarantee USDA: Business and Industry Loan Guarantee EDA: Regional revolving loans 500 Banks and other private lenders in Missouri Loan programs from various cities in Missouri

 

City of Mountain View Industrial General Obligation Bond*
*City Approved Projects

Other Community Participation

Missouri Community Betterment Participant - Yes
All Missouri Certified City of Mountain View - Yes
Tree City USA - Yes

Labor Supply

Call us at: 417-934-2794 or toll free at: 877-266-8706 Fax: 417-934-2882