POPULATION: 6,044,171
LABOR FORCE: 3,055,344
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES:Agriculture, manufacturing, tourism, service and trade
EXPANDING INDUSTRIES: Automotive, advanced manufacturing, biomedical/ biotechnology, renewable energy development and systems, aviation/aerospace, information and media, financial services, professional services, warehouse/distribution, healthcare services
COLLEGE GRADUATES: (Age 25–64) 34.5%
BASIC BUSINESS TAXES:
Corporate Income Tax: 5.2 percent net effective corporate income tax rate
Sales and Use Tax: 4.225 percent state rate
Property Tax: Real property classified as commercial/industrial is assessed at 32 percent, residential at 19 percent, agricultural at 12 percent of true or fair market value; commercial and industrial real property assessed an additional county surcharge designed to replace revenues lost by tax exemption of business inventories (with exemptions)
BUSINESS INCENTIVES:
Missouri Works Program (new program that combines Enhanced Enterprise Zone Tax Credits/Quality Jobs Act/Rebuilding Community Tax Credits/Development Tax Credit)
Missouri Build (refundable investment tax credits)
Chapter 100 property tax abatement
Brownfield redevelopment tax credits
Tax-exempt industrial development bonds
State Historic Tax Credit
Industrial infrastructure grants
Action Fund Loan Program
Tax increment financing
Foreign-trade zones