#30 Missouri


6.00 out of 10 in Taxation and Regulation

6.25 out of 10 in Workforce Quality

6.00 out of 10 in Living Environment

Right to Work?


A Growing Global Hub of Agtech

The Show-Me State continues to grow as a global leader in agtech, which contributes $33 billion in GDP to the state economy and provides over 378,000 jobs. St. Louis, global headquarters of Monsanto, is seeing new innovation in farming practices and soil management at companies like TerraManus Technologies and Shatto Milk. Israeli company NRGene also chose St. Louis as its U.S. headquarters in 2016. The state’s central location has also attracted new investments in logistics and distribution. Amazon recently announced a 448,000-square-foot distribution center in Hazelwood.

From the Governor

“It’s time for Missouri to do different in our approach to economic development. We are creating new jobs by putting our citizens first. Since day one, our goal has been to get government out of the way so that companies can focus on doing what they do best creating jobs.” —Gov. Eric Greitens

Key Industries

Advanced Manufacturing, Automotive, Biotech, Energy, Healthcare, I.T., Logistics

Key Companies

Charter Communications
Panera Bread
Peabody Energy
Sigma-Aldrich
Cushman & Wakefield
Hallmark Cards
Viasystems Group
Boeing
Hy-Vee
Ford Motor

Key Contacts

Missouri Partnership

Steve Johnson, CEO
120 South Central Avenue, Suite 1535
St Louis, MO 63105
314.725.2688
steve@missouripartnership.com
http://www.missouripartnership.com/

Dept. of Economic Development

Mike Downing, Director
573-751-4962
301 W. High Street
P.O. Box 1157
Jefferson City, MO 65102
ecodev@ded.mo.gov
https://ded.mo.gov/home.aspx

Key Incentives

Missouri Works: Offers multiple programs of achievable, flexible benefits and incentives to companies creating quality jobs in the state.

BUILD Missouri: Offers financial incentives for the location or expansion of large business projects in the state.

Sales Tax Exemptions for Manufacturers: Offers exemption on state sales tax for qualifying expenditures ranging from machinery and materials to energy and water.

EDCs

Department of Economic Development: ded.mo.gov

Missouri Economic Development Council: showme.org

Missouri Partnership: missouripartnership.com

Economic Development Corp. of Kansas City: edckc.com

St. Louis Economic Development Partnership: stlpartnership.com

Highlighted Program or Initiative

The Missouri Innovation Center works closely with universities to develop high-growth advanced technology companies and provides specialized facilities, access to capital and technical expertise.

Big Deals

  • Spring Venture Group announced in June 2017 plans to add 681 jobs and invest $25 million in capital in Kansas City.
  • Dollar Tree announced in April 2017 plans to add 375 jobs and construct a $103 million distribution center in Warrensburg.
  • American Outdoor Brands announced in September 2017 it will construct a $55 million distribution center and add 328 jobs in Columbia.
  • Kraft Heinz opened its $250 production line expansion project in Kirksville in May 2017, adding 200 jobs.
  • Aurora Organic Dairy broke ground in Columbia in May 2017 on the construction of a $141 million dairy processing facility.

Big Companies

10 Fortune 500 companies headquartered in state, including:
Express Scripts Holding
Centene
Emerson Electric
Monsanto
Reinsurance Group of America
O’Reilly Automotive

C-Suite Testimonials

“For manufacturing, overall costs of labor, utilities, cost of land and buildings and the skilled labor pool, Missouri is one of the best values in the country.” —Patrick Leinert, Founder and President, Leinco Technologies

“For a business like ours that ships coffee to a lot of places, it is important to be centrally located. There are many places we can get to quickly from Missouri.” —Tricia Zimmer Ferguson, President, Kaldi’s Coffee Roasting Co.

“People here have an excellent work ethic. And there’s a sense of extended family in the area. It feels like a wholesome, down-home country atmosphere with the amenities that you would expect in a metropolitan area.” —Randy Moore, President, EaglePicher Technologies

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