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CEO Guide to Site Selection

Missouri

SHOW ME DIVERSIFICATION

Missouri is attracting a variety of projects to support economic diversification. The Missouri Department of Economic Development (DED) helped complete more than 100 projects, leading to more than 8,000 jobs and $2.3 billion in investment in fiscal year 2023. Drug development company Alta sciences is expanding its research center in Auxvasse with a $65 million investment and more than 209 new jobs. Meridian Medical Technologies announced in April 2023 a $100 million expansion and 30 new jobs in Bridgeton. Veeva Systems, a cloud software leader in the life sciences industry, also announced in March 2023 an expansion in Kansas City that will create more than 100 high-paying jobs over the next five years. And Swift Prepared Foods announced in April 2023 a $200 million facility in Columbia that will employ up to 200 people in the coming year. “This is the culmination of years of hard work and investment by our team and our partners in Missouri,” said Swift President Tom Lopez

“Our commitment to improving infrastructure and strengthening our workforce continues to bring growth that’s benefitting communities statewide.”
Mike Parson
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Business Facility Headquarters Tax Credit Program: New or existing Missouri companies locating or expanding their headquarters in the state may be able to access incentives based on the number of new jobs and revenue invested.

Missouri Works: Offers access to capital through withholdings or tax credits to embark on facility expansions and create jobs.

Missouri One Start: A new tool to help businesses recruit, onboard, and train large numbers of job applicants during major expansions through customized training solutions.

Data Center Incentives: Provides exemptions from state and local sales taxes on items such as utilities, machinery, equipment, computers and construction equipment that could last 10 to 15 years.

EDCs

Missouri Department of Economic Development
ded.mo.gov

Missouri Partnership
missouripartnership.com

Springfield Regional Economic Partnership
springfieldregion.com

Economic Development Corporation of Kansas City
edckc.com

St. Louis Economic Development Partnership
stlpartnership.com

HIGHLIGHTED PROGRAM OR INITIATIVE

The IDEA Fund makes equity-based co-investments with Missouri companies that are in high-growth, technology-based industries with the potential to make an economic impact within the state. As a state sponsored venture firm, MTC makes direct investments into companies in exchange for equity. Eligible companies’ technology should be one of the program’s five areas of animal health, applied engineering (software), biomedical science, defense and homeland security, and plant science.

BIG DEALS

  • West Liberty Foods announced in January 2023 a $200 million food processing center and 583 new jobs in south Kansas City.
  • Meridian Medical Technologies announced in April 2023, a $100 million expansion and 30 new jobs in Bridgeton.
  • Ace Hardware announced in June 2023 it will open a new retail support center and create 350 jobs in Kansas City by 2025.
  • Boeing announced in July 2023 a $2 billion expansion that will create 500 jobs in Louis County.
  • General Mills announced in August 2023 a $48 million expansion and 47 new jobs at its location in Joplin.
  • Boyd Metals announced in September 2023 a $9 million expansion in Joplin.

BIG COMPANIES

10 Fortune 500 companies are headquartered in the state:

  • Centene 
  • Emerson Electric
  • Reinsurance Group of America 
  • O’Reilly Automotive
  • Jones Financial (Edward Jones) 
  • Graybar Electric
  • Olin 
  • Ameren
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.