A variety of programs are available, which provide cost savings to businesses whose growth plans in St. Louis City or County require significant investment and job creation.
Incentives focus on reducing the local taxes assessed on both real and personal property investments. In addition, some programs capture taxes in certain areas to establish funds used to offset infrastructure or transportation costs.
In order to assist in securing incentives for your business, St. Louis Economic Development Partnership can provide several program options:
Chapter 353 Tax Abatement
Tax abatement is available to for-profit “urban redevelopment corporations” organized pursuant to the Urban Redevelopment Corporation Law. Therefore, tax abatement under the Urban Redevelopment Corporations Law is an extension to real property within a “blighted area.”
Chapter 100 Tax Abatement
St. Louis City and County can provide real and personal property tax abatement on a negotiated basis, based on levels of investment and job creation. In addition, sales tax relief on construction materials may be available using the real property Chapter 100 bonds.
EEZ Tax Abatement
Real property tax abatement is available in the City and County in approved areas for projects that qualify. Because programs differ, please contact us for more information.
Tax Increment Financing, Transportation Development Districts and Community Improvement Districts provide assistance for the development of commercial/industrial sites using a variety of tax-based mechanisms.
Depending on the size of the project, St. Louis City and County can provide permitting assistance in cost, timing and dedication of services.
Up to $250,000 is available through the EIERA Missouri Market Development Program to help applicants buy/refurbish equipment, and up to $20,000 is available for technical assistance. Also, applicants must use recovered waste material to manufacture a marketable product or process recovered materials into feedstock for other manufacturers. Finally, grants are awarded based on number of jobs to be created, amount of waste to be diverted from landfills, and amount of cash match provided.