Financing Programs
Missouri offers a variety of methods of issuing low-cost, long-term industrial revenue bonds (IRBs).
Missouri offers a variety of methods of issuing low-cost, long-term industrial revenue bonds (IRBs).
Chapter 100 Industrial Revenue Bonds
Missouri offers a variety of methods of issuing low-cost, long-term industrial revenue bonds (IRBs). The proceeds of an IRB issue may be used to finance up to 100% of the cost of fixed assets such as land, buildings, machinery, and equipment. The following public corporations and government agencies are authorized to issue IRBs to facilitate the financing of business projects in Missouri: Industrial Development Corporations, Municipalities (general obligation or revenue bonds), Planned Industrial Expansion Authorities, Land Clearance for Redevelopment Authorities, Special Business Districts, Port Authorities, the Environmental Improvement and Energy Resources Authority, and the Missouri Development Finance Board.
Missouri Department of Economic Development
The Missouri Department of Economic Development (DED) offers a host of incentive opportunities for new and expanding businesses. Incentives ranging from business and industrial growth, workforce assistance, broadband grants and more can all be found here.