Why do communities offer tax incentives?

Based on economic studies, economic development agencies believe that tax credits and incentives ultimately provide a return on investment to the community. Michael Roberts offers an overview at https://www.thebalance.com/why-do-cities-offer-tax-incentives-to-businesses-1669514 Not all incentives require negotiation. Programs set up by State law are often an application process that a company can do on its own. However, strict… Read more »

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Planning to add 10 or more jobs in Missouri within a 24-month period?

If you have a legal entity planning to move into or expand within Missouri, your company may benefit from the Missouri Works jobs program.  https://ded.mo.gov/programs/business/missouri-works   In some instances, no capital investment is required but in all instances, approval must be received before any jobs are added. Contact the applicable County Economic Development agency for… Read more »

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Is your company eligible for a federal income tax credit for hiring?

Have you heard of WOTC?  (WAAT-see) If your company hires individuals who consistently find it difficult to secure employment, this credit may be available.  Here is a nice explanation of the US Federal Work Opportunity Tax Credit program:  http://www.hudsonstarobserver.com/opinion/columns/4382021-viewpoint-what-work-opportunity-tax-credit-wotc-and-how-it-impacting-our The State of Missouri, Department of Economic Development has an excellent site to help you manage… Read more »

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