Purpose

Provide local incentive programs for new or expanding businesses in Moberly, Randolph County or Chariton County.

Eligibility

Local incentive programs are discretionary. Eligibility varies with individual programs and is based on the company’s core business operations.

Funding Limist

Funding limits are determined based upon the project’s minimum capital investment, number of new jobs created and level of employee compensation.

Application/Approval Procedures

MAEDC must first offer program benefits in the form of a formal proposal.  The company must return the accepted proposal within 90-days of the proposal date.  All incentives must be approved prior to the start of construction, purchase of equipment or hiring of new personnel.

Available Programs

Incentives (for qualifying projects):

• Enhanced Enterprise Zone: City of Moberly, Randolph and Chariton Counties
• Real and Personal Property Tax Abatements
• Low Cost/No Cost Land Options
• Build to Suit Scenario/Bond Financing
• Waiver of Municipal Fees & Charges
• Negotiable Local Utilities
• Streamlined Permitting Process
• Sales & Use Tax Abatements on Building Materials and Equipment
• Assistance with Infrastructure Improvements
• Foreign Trade Zone Program
• HUBZone Program
• USDA/SBA Loan Guarantee Programs
• New Market Tax Credit Financing Program
• Customized Training Opportunities
• Incentives Coordination and Assistance
• Facilitation of Permitting Process and Approvals