Missouri has moved up to No. 8 in the ratings of top U.S. states for business compiled by the nation’s premier international brokerage and consulting firm, Gov. Jay Nixon announced.
This is the fifth consecutive year Missouri has made the list of the Pollina Corporate Top 10 Pro-Business States, an annual study considered the most comprehensive in the economic development industry.
Pollina Corporate praised the governor’s record on economic development: “Gov. Jay Nixon has shown that he understands – and is capitalizing on – the process required for job creation and the tax revenue that results from strong economic development. Credit for this success also needs to be given to organizations like the Missouri Partnership and Missouri Economic Development Council, along with other political leaders who understand what it takes to succeed in today’s marketplace.”
Missouri received “A” grades from Pollina for its corporate tax index, business inventory taxes, property taxes, unemployment insurance, transportation infrastructure and electricity costs. The report also scored the state and the Missouri Department of Economic Development high on the use of economic incentives and in the area of marketing/website/response. “When it comes to economic development effort, the ‘Show Me State’ should be held as an example for other state economic development departments,” Pollina said.
“I’m pleased that our efforts to make Missouri a strong and competitive location for businesses to start, locate and expand are being recognized yet again,” Gov. Nixon said. “We have a reputation for low taxes, strict fiscal discipline, and a skilled workforce that is second-to-none.”
The Pollina study giving Missouri high marks follows other recent reports lauding the state’s pro-business environment. Area Development magazine named Missouri as one of only four states to receive a Golden Shovel award, recognizing the Show-Me State as a top state to attract high-value investment projects.
Cerner Corporation’s multibillion dollar expansion in Kansas City – and the 16,000 jobs it will bring – was recognized as Area Development magazine’s Economic Development Project of the Year. In addition, for the past two years Missouri has been recognized as the No. 1 state for technology job growth in the nation.
Last year, the governor signed legislation implementing Missouri Works, a comprehensive strategy to support economic growth and create career opportunities for Missourians. Missouri Works consolidates Missouri’s four existing business development incentives into a single, business-friendly program with a uniform set of definitions and a streamlined application process to cut through red tape.