MERIC NEWS LETTER

 Missouri Tax Climate
Attractive for Businesses

             

Missouri’s tax climate is attractive for businesses according to the Tax Foundation's 2008 version of the State Business Tax Climate Index.  Overall, Missouri ranked 15th in the nation and ahead of its neighbor states in having a tax climate conducive to business growth.
 

State Business Tax Climate Index, FY 2008

For more information, see the Tax Foundation’s State Business Tax Climate Index report.  

However, a variety of factors in addition to taxes are at work when a business chooses where to locate, expand, or relocate.  According to Area Development’s Corporate Survey, the top five site selection factors are labor costs, highway accessibility, corporate tax rate, state and local incentives, and the availability of telecommunications services.

Top Site Selection Factors

Ratings* 2006

1

Labor costs

95.0

2

Highway accessibility

90.9

3

Corporate tax rate

90.8

4

State and local incentives

88.6

5

Availability of telecommunications services

88.3

6

Tax exemptions

86.7

7

Occupancy or construction costs

85.5

8

Availability of skilled labor

85.1

9

Energy availability and costs

82.4

10

Availability of high-speed Internet access

82.1

11

Cost of land

79.2

12

Low union profile

78.4

13

Proximity to major markets

76.9

14

Availability of land

73.3

15

Environmental regulations

68.9

* All figures are percentages and are the total of "very important" and "important" ratings of the Area Development Corporate Survey and are rounded to the nearest tenth of a percent.

For more information, see Area Development’s Corporate Survey results.

 

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