Incentives
The state of Missouri and Adair county provide a range of incentives designed to support businesses looking to invest, expand, or relocate to the Kirksville area. The K-REDI team is here to guide your organization through these opportunities, offering expertise to ensure you maximize available resources and programs. Whether you’re seeking workforce development support, tax incentives, or infrastructure assistance, K-REDI connects you to solutions tailored to your needs.
For more information, reach out to our team today!
Local Incentive Programs
Local incentive programs are available for new or expanding businesses.
Eligibility
Local incentive programs are discretionary. Eligibility varies with individual programs and is based on the company’s core business operations.
Funding Limits
Funding limits are determined based upon the project’s minimum capital investment, number of new jobs created and level of employee compensation.
Application / Approval Procedures
K-REDI must first offer program benefits in the form of a formal proposal. The company must return the accepted proposal within 90-days of the proposal date. All incentives must be approved prior to the start of construction, purchase of equipment, or hiring of new personnel.
Incentives: (FOR QUALIFYING PROJECTS)
- Enhanced Enterprise Zone
- Real and Personal Property Tax Abatements
- Opportunity Zone
- Chapter 100 Industrial Development Bonds
- Streamlined Permitting Process
- Assistance with Infrastructure Improvements
- HUBZone Program
- USDA/SBA Loan Guarantee Programs
- New Market Tax Credit Financing Program
- Customized Training Opportunities
- Incentives Coordination and Assistance
- Facilitation of Permitting Process and Approvals
State Incentive Programs
The state of Missouri offers a variety of incentive programs to support business growth, workforce development, and infrastructure expansion. These programs are designed to help businesses of all sizes thrive, from startups to established corporations.
Key Programs Include:
- Missouri Works Program: Provides benefits to companies creating quality jobs in Missouri.
- BUILD Program: Offers financial support for major capital investments.
- Chapter 100 Bonds: Helps finance real and personal property improvements.
- Customized Training Programs: Tailored workforce training resources for employee development.
To learn more about these and other incentive programs, visit the official Missouri Department of Economic Development website or contact the Kirksville Regional Economic Development Corporation.
Our team is ready to assist you in identifying the programs that best suit your business needs and navigating the application process.