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 |
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|
Ratings* 2006 |
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|
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. |
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For more information, see Area Development’s Corporate Survey results.
