Springfield, Missouri The Official Economic Development Site for the Springfield Metro Region

Incentives & Financing Tools

Springfield's Partnership For Economic Development stands ready to compile a package of development incentives best suited for your business or client.  Below is information on many programs offered by Springfield and the State of Missouri.  For additional information, please contact us.

Missouri Works

The program will create a streamlined incentive to allow Missouri to be competitive on both large and small job creation projects. While it discontinues some of our most successful programs like Missouri Quality Jobs and the tax credit portion of the Enhanced Enterprise Zone, Missouri Works will take the best of those programs and combine them into one easy-to-use, highly competitive package.

Missouri Works Program Details

Enhanced Enterprise Zone

Enhanced Enterprise Zones offers 50% real estate tax abatement for 10 years to any company creating jobs and making investments with in the boundaries of the zone.  Additional abatement is offered for LEED-Silver certified facilities.

Program Overview
Detailed EEZ Map
Property Tax Rates
Missouri EEZ Tax Credits

Community Economic Development Rider

The Community Economic Development Rider offered by City Utilities of Springfield targets major commercial and industrial development.  To be eligible, a company must create 300kW in demand with a minimum load factor of 50 percent.  The Rider offers a five-year declining discount by crediting a portion of the demand charge beginning with 25% in the first year reducing by 5% each year thereafter to 0% in year six.  A waiver of the demand and load factor criteria can be obtained if 100 new jobs are created.

Tax Abatement on Equipment

The City of Springfield provides 50% abatement of personal property (equipment) for 10 years if a company invests a minimum of $5M and creates or retains 100 jobs at or above the county average wage.  This benefit is provided via the Chapter 100 (Industrial Development Bonds) program and is required to be approved by the City Council.

Program Overview

BUILD Missouri

BUILD provides refundable state income tax credits for large economic development projects through a mechanism whereby a company issues bonds that are then paid by the company in order to trigger a tax credit.  Benefits are provided to companies creating 100 manufacturing jobs and investing $15M in capital or companies creating 500 office jobs and investing $10M in capital. 

Program Overview

Missouri Training Programs

The State of Missouri offers two different training programs to meet the needs of new and expanding businesses.  Both offer flexibility in covering training costs for newly-created jobs.

Customized Training Overview
New Jobs Training Overview

Financing Programs

Industrial Revenue Bonds - Missouri's IRB program offers tax-exempt bonds for property acquisition, construction and/or equipment with an attractive interest rate.   IRB Overview

Missouri Linked Deposit Program - Linked Deposit partners with lending institutions to provide low-interest loans to help create and retain jobs by reducing the interest rate on certain loans that borrowers can use to improve their businesses.  Linked Deposit Overview