Missouri provides a range of programs to support job creation, workforce training, and business expansion. Programs like the Missouri Works Program and Missouri One Start offer tax incentives and tailored training services to help businesses grow, with additional benefits for rural areas and high-wage jobs.
Missouri Works Program
- Purpose: Facilitates the creation and retention of high-quality jobs.
- Eligibility: Businesses creating a minimum of 2-100 new jobs, depending on the program tier.
- Benefit: Retention of state withholding tax and/or tax credits up to 7% of new payroll.
- Application process: Apply through the Missouri Department of Economic Development.
- More info: Provides enhanced benefits for rural areas, Enhanced Enterprise Zones, and high-wage job creation.
Missouri grants for small businesses
For Missouri grants for small businesses, the Missouri Works Program offers valuable tax incentives for job creation, supporting both small and large businesses in high-impact sectors across the state.
Other relevant programs in Missouri
- Missouri One Start: Provides customized recruitment and training services, including funding for training expenses, for new or expanding businesses creating full-time jobs. Applications are managed through the Missouri Department of Economic Development.
- Zone Works: Encourages job creation in Enhanced Enterprise Zones by offering retention of state withholding taxes for 5-6 years. Requires at least 2 new jobs and $100,000 in investment.
- Rural Works: Supports job creation in rural counties with the retention of state withholding taxes for 5-6 years. Requires 2 new jobs and $100,000 in investment.
- Statewide Works: Supports job creation across Missouri for businesses creating at least 10 new jobs, with retention of state withholding taxes for 5-6 years.
- Mega Works 120: Encourages large-scale job creation with high wages, offering 6% of new payroll retention for 5-6 years for businesses creating at least 100 new jobs at 120% of the county average wage.
- Mega Works 140: Promotes high-wage job creation, providing 7% of new payroll retention for businesses creating 100+ jobs at 140% of the county average wage.
- Qualified Military Projects: Supports job creation for projects related to military activities, offering tax credits equal to estimated withholding taxes for up to 15 years for projects creating at least 10 new jobs.
List of small business grants