The state of Missouri offers a number of incentives for business development and growth, all geared to support new or expanding enterprises on the road to continued success. When you need assistance navigating these incentives and finding the right programs to help grow your business, Select O'Fallon is here to help. As part of O'Fallon, MO's, Economic Development Department, they provide the information and resources your business needs to soar. Below, learn more about a few of the programs they can advise you on and the benefits of working with them.

Programs

The Missouri Works Program helps businesses identify ways of expanding funds through tax credits or withholdings. You can utilize these funds for a variety of business development purposes, including job creation, building expansion and maintenance, and new equipment purchasing. This program also offers Missouri Works Training, designed to help small businesses get off the ground and register for business names and structures, taxes, and federal identification numbers.

The Business Facility Tax Credit Program caters to new or existing companies that are planning to move to or expand their headquarters in Missouri. Under this program, you may qualify for certain tax credits, determined by the number of new jobs and investments created by the project.

Sales Tax Exemptions for Manufacturers is a program that aims to grow the state's manufacturing sector, specifically the industries of chemicals, energy, machinery, and material production. Qualified applicants will receive a 4.225 percent state sales tax exemption.

Benefits

When you work with Select O'Fallon, they will review the eligibility requirements for all tax and incentive programs and identify the ones for which you may qualify. They can advise you on the necessary forms to fill out, the required documentation, and the processes involved in obtaining the needed financial incentives.

Relocating to or expanding your business in O'Fallon comes with a number of benefits as well. The city has an affordable cost of living, low taxes, and a variety of funding mechanisms. Seth Meyers, the president of the O'Fallon-based business Air Evac Lifeteam, said, "We found O'Fallon was an ideal location for us because of their great infrastructure and accommodating City leadership/government. The support we have received has been tremendous and we've been able to attract great staff and leadership to our new headquarters' location."

Embrace the possibilities when you grow your business in O'Fallon. The team at Select O'Fallon looks forward to welcoming you to the city's rich economic landscape. Their business development services market and promote the area for new investments, economic growth, and the creation of job opportunities. Call (636) 379-5532 or visit them online to learn more about tax incentives.