Established by Congress in the 2017 Tax Cuts and Jobs Act, the Opportunity Zone program is a new economic development tool that encourages long-term private investment in distressed urban and rural communities nationwide.
The St. Louis Economic Development Partnership is taking an active role in the workforce space by being a convener, connector and collaborator, as well as a place to consolidate workforce information and data; all to ensure access to workforce opportunity and resources for everyone.
With the World Trade Center St. Louis and St. Louis Mosaic Project staff’s global connections, your company can grow and effectively compete on a global stage. Our World Trade Center is part of an extensive global association with more than 300 similar organizations. Its overall goals are to enhance international trade, promote local economic development and foster peace and stability through trade.
Our business development division provides a broad range of resources and customized services to help with a company's move to, or expansion in, St. Louis. Therefore, we can help secure a variety of incentives for your business needs. Whether the company is in the initial planning stages of relocating or guiding its established business through challenges or growth, local and state incentives are available.
Due to our innovation centers, the St. Louis region is thriving as a renowned startup scene. With a network of four facilities, known as STLVentureWorks, across the St. Louis region, we have a space to help any startup grow. Additionally, our Helix Center Biotech Incubator, pictured above, specializes in AgTech and Biomedical startups. And our other centers have concentrations in manufacturing, food production and tech.
Because our finance tools are as unique and innovative as the businesses they serve, we can help. We offer competitive pricing, convenience and flexible terms. Therefore, our financing options include loans and bonds, and can be used in combination with tax credit programs or grants. Whatever your company needs, our professional staff can assist you in determining which method of financing will best help you pursue your business growth plans.
New Markets Tax Credits
The Heartland Regional Investment Fund provides financing to projects in distressed communities through the federal New Markets Tax Credits program. While the fund serves St. Charles and St. Louis County in Missouri, it is also available to Bond, Clinton, Madison and St. Clair counties in Illinois.
Our real estate and community investment team works to return abandoned, contaminated and underutilized sites to productive use. Our focus is on stabilizing and energizing communities throughout the St. Louis region by providing project management support and technical assistance for both area municipalities and developers.
Our experienced team is here to help your company find the right location through our site selection process. St. Louis is home to several thriving innovation districts and 15 Fortune 1000 companies. Recently ranked by Smart Asset, St. Louis is one of the top ten Best Cities for New Collage Grads, providing the workforce you need to to succeed. In addition, our region has the perfect mix of unique neighborhoods, high-quality school districts and a low cost of living. All this is in addition to our world-class cultural amenities, including a renowned Art Museum, Zoo, Symphony and Opera Theater.