Missouri, known as the “Show-Me State,” is increasingly showing businesses why it is a prime destination for expansion. With its strategic central location, favorable economic climate, robust infrastructure, and supportive business community, Missouri is making a name for itself as one of North America’s most business-friendly places to grow your business. Here’s why companies should consider expanding into Missouri.
Missouri’s central location provides a significant logistical advantage. Positioned in the heart of the U.S., Missouri allows businesses to reach over half of the U.S. population within a day’s drive. This makes it an ideal hub for distribution and logistics operations. Americold, a global leader in temperature-controlled logistics, recently chose Kansas City, Missouri for its $127 million cold storage facility to support more customers across North America.
Transportation Infrastructure
Missouri boasts a comprehensive transportation network, including:
Missouri offers one of the most competitive tax environments in the nation. The state has a low corporate income tax rate and offers numerous tax credits and incentives to businesses, such as:
Missouri is one of the top ten least expensive states to live in America. Missouri’s cost of living is significantly lower than the national average. According to a report comparing Missouri’s cost of living to the national average, Missouri falls between 11% and 14% lower, according to UpNest by Realtor. Lower costs for real estate, utilities, and everyday expenses mean businesses can operate more efficiently and employees can enjoy a higher quality of life.
Missouri places a strong emphasis on education and workforce development. The state is home to top-tier universities and colleges, including the University of Missouri System, Washington University in St. Louis, and Saint Louis University. These institutions not only provide a pipeline of skilled graduates, but also collaborate with businesses on research and development projects.
Missouri offers a range of workforce development initiatives to ensure businesses have access to well-trained employees. Programs such as Missouri One Start provide customized training solutions tailored to the specific needs of businesses, enhancing productivity and growth.
Missouri’s government is committed to creating a pro-business environment. Efforts to reduce regulatory burdens and streamline business processes make it easier for companies to set up and expand operations in the state.
The state fosters a collaborative business ecosystem, with numerous organizations and networks dedicated to supporting businesses. Groups like Missouri Partnership and local chambers of commerce provide resources, networking opportunities, and advocacy to help businesses thrive.
Missouri is also a hotbed for innovation and entrepreneurship. Cities like St. Louis and Kansas City have vibrant startup scenes, supported by incubators, accelerators, and investment networks. This entrepreneurial spirit drives growth and attracts new businesses to the state.
Missouri offers a rich cultural heritage and diverse recreational opportunities. From the bustling urban environments of St. Louis and Kansas City to the scenic beauty of the Ozarks, there is something for everyone. Cultural attractions, professional sports teams, and a variety of dining and entertainment options contribute to a high quality of life.
Its affordable housing market, combined with natural beauty and recreational opportunities makes Missouri an attractive place to live and work. The balance of urban amenities and rural charm provides a unique living experience that appeals to a wide range of people.Missouri’s business-friendly environment, characterized by its strategic location, favorable economic climate, skilled workforce, supportive business community, and high quality of life, makes it an ideal destination for companies looking to expand. Explore the opportunities Missouri has to offer and see why it’s the perfect place for your next business venture here.
While Missouri has several shovel-ready sites to build manufacturing and distribution facilities above the ground, it also boasts millions of square feet of temperature-controlled space underground available for development. Created from ... Read More
Missouri, known as the “Show-Me State,” is increasingly showing businesses why it is a prime destination for expansion. With its strategic central location, favorable economic climate, robust infrastructure, and supportive business ... Read More
As a leader in conservation and research, the St. Louis Zoo has released a video rendering of its newest development, which expands on its efforts to help sustain endangered species while ... Read More
The expansion of Interstate 70 (I-70) in Missouri, one of the most significant infrastructure projects in the state, is officially underway. The estimated $2.8 billion investment in Missouri’s critical east-west corridor ... Read More
Outside of its two major cities, Kansas City and St. Louis, Missouri offers diverse landscapes, beautiful lakes, and small-town charm. WorldAtlas’ 6 Breathtaking Towns To Visit In Missouri, takes a look ... Read More
Construction is officially underway on the new $350 million Oasis at Lakeport, a family resort and entertainment district offering an amusement park, Marriott Hotels property and conference center, an amphitheater, and ... Read More
CFO and COO provide in-depth look at successful Missouri company Who is Crossroads Warehouse? Crossroads Warehouse was established in 2004. Initially, we also operated a trucking company that was founded in ... Read More
Missouri Partnership is proud to announce Cathleen Flournoy, Vice President, Business Recruitment, is being recognized as a top economic developer. Flournoy is on the esteemed 2024 Consultant Connect North America’s Top ... Read More
Nearly 100,000 farms make up Missouri’s uniquely diverse agriculture landscape, growing everything from rice, cotton, soybeans, corn, and sorghum, to raising cattle, turkeys, and hogs. The midwestern state has gained the ... Read More
Outside of the geospatial, innovation, and agtech communities, one may not know there’s an 18-square block innovation hub in St. Louis with some of the brightest minds in the world collaborating ... Read More