LOCAL INCENTIVES

Purpose :: Provide local incentive programs for new or expanding businesses in Moberly, Randolph County, Howard County.

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

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

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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.

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Incentives (for qualifying projects):

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• Missouri Works: Moberly, Randolph County, Paris, Monroe City, Monroe County, Howard County

• 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