Return to Home Page
Home
Government
Departments
Residents
Visitors
Business
  Board of Aldermen
  Boards and Commissions
  City Code of Ordinances
  Employment Opportunities
  Forms and Documents
  Staff Directory
  Welcome From the Mayor
  Ward 1
  Ward 2
  Ward 3
  Arts Advisory Board
  Board of Zoning Adjustment
  Board of Health
  Board of Public Safety
  Building Code Board of Appeals
  Enhanced Enterprise Zone
  Higginsville Housing Authority
  Industrial Development Authority
  Library Board
  Park Board
  Planning Commission
  Tax Increment Financing Commission
  Youth Activities Commission
  Airport
  Building Department
  Cemetery
  City Collector
  City Hall
  Economic Development
  Emergency Management
  Emergency Medical Services
  Fire and Rescue
  Parks & Recreation
  Police Department
  Streets
  Utilities
  Building Official Notes
  Permit Information
  Plan Requirements
  Required Inspections
  Permits
  Utility Deposits
  Available Buildings and Sites
  Community Profile
  Demographics
  Labor Studies
  Major Employers
  MO Department of Economic Development
  State & Local Incentives
  Tornado Safety
  History of EMS
  Vial of Life Project
  Adult Sports
  Park Board
  Park Facilities
  Youth Sports
  Spring Soccer
  T-Ball & Coach Pitch
  Tennis Camp
  Youth Basketball
  Youth Flag Football
  Youth Volleyball
  Animal Control
  Community Policing
  Crime Prevention
  Department Roster
  Department Services
  Local Resources
  Municipal Court
  New Applicants
  Nuisance Codes Enforcement
  Special Services
  Home Security
  Personal Safety
  Safety Tips
  Tips for Parents
  Traffic Stops
  Drainage Areas and Structures
  Rebate Programs
  Sponsored Programs
  Trash Service
  Electric Department
  GIS/GPS Mapping
  Wastewater
  Water Department
  Rates - Large Commercial
  Rates - Primary Power
  Rates - Residential
  Rates - Small Commercial
  Rates -- Net Meter Service (Schedule 80)
  Related Links
  Utility Deposits
  Water Heater Rebate
  Water Distribution
  Water Meter Info
  Water Quality Report
  Water Rates
  Water Treatment Plant
  Calendar of Events
  City Lake
  Education
  Fitness and Walking Guide
  Forms and Documents
  Lafayette County C-1 Schools
  News & Announcements
  Parks & Recreation
  Robertson Memorial Library
  Utilities
  Adult Sports
  Park Board
  Park Facilities
  Youth Sports
  Spring Soccer
  T-Ball & Coach Pitch
  Tennis Camp
  Youth Basketball
  Youth Flag Football
  Youth Volleyball
  Electric Department
  GIS/GPS Mapping
  Wastewater
  Water Department
  Rates - Large Commercial
  Rates - Primary Power
  Rates - Residential
  Rates - Small Commercial
  Rates -- Net Meter Service (Schedule 80)
  Related Links
  Utility Deposits
  Water Heater Rebate
  Water Distribution
  Water Meter Info
  Water Quality Report
  Water Rates
  Water Treatment Plant
  About Us
  Calendar of Events
  City Lake
  News & Announcements
  Airport
  Bids and RFPs
  Chamber of Commerce
  Economic Development
  Forms and Documents
  Planning & Development
Economic Development
  Available Buildings and Sites
  Community Profile
  Demographics
  Labor Studies
  Major Employers
  MO Department of Economic Development
  State & Local Incentives


 
 
Departments » Economic Development » State & Local Incentives
Printer Friendly Version 
State & Local Incentives
A wide array of financial incentives are available to new businesses that choose to locate a business in Higginsville or to existing businesses that choose to expand.  The following is an overview of some of the programs offered.
 

Finance Programs

Industrial Revenue Bonds
Cities or counties are authorized, by a program known as Chapter 100, to issue industrial revenue bonds.  This process involves the issuance of revenue bonds by the city or county to fund the costs of the particular project.  It may be possible to exempt most of the real and personal property tax of buildings and machinery financed by a Chapter 100 bond if the city or county owns the property financed by the bonds.
 
Action Fund Loan
For-profit manufacturing, processing and assembly companies located in a non-entitlement area that has wages above the county average and provide medical benefits may be eligible for a loan which may be used for the purchase of new machinery and equipment or working capital.  The loan must be made in cooperation with a city or county.
 

Tax Incentives

Sales Tax Exemption
Machinery and equipment used to establish a new manufacturing facility or expand an existing manufacturing facility is exempt from local and state sales/use tax, provided such machinery/equipment is used directly to manufacture a product ultimately intended for sale.
 
Inventory Exemption
Manufacturer’s inventories including raw materials, goods in process and finished goods, as well as goods and wares of retailers, distributors, and wholesalers are exempt from all state and local property taxes.
 

Public Infrastructure Incentives

Industrial Infrastructure Grants
Community Development Block Grants assist local governments in the development of public infrastructure that allows industries to locate new facilities, expand existing facilities, or prevent the relocation or closing of a facility.  Grants must be made in cooperation with a city or county sponsor.
 
Tax Increment Financing (TIF)
TIF facilitates the redevelopment of blighted areas by providing essential public infrastructure.  This program may be used to cover the costs of publicly provided project improvements by using the anticipated increases in real estate and sales tax revenues to retire the bonds sold to finance qualifying redevelopment costs.
 

Training Assistance

Customized Training Program
The Customized Training Program provides training assistance for employers who are hiring and training workers for newly created jobs or retraining workers as a result of new capital investment.  The Customized Training Program can assist with specific training needs.
 
New Jobs Training Program
The New Jobs Training Program provides training assistance for employers with a sound credit rating who are creating a substantial number of new jobs.  Local community colleges initially finance training through the sale of certificates.  The certificates are repaid by using tax credits from the employer’s regular withholding that is based on a percentage of the gross wages paid to employees in the new jobs.
 

Local Incentives

Utility Incentives
The City of Higginsville municipally owned electric utility, in an effort to encourage industrial and commercial development, may offer rate reductions to new or expanding businesses that meet certain usage and job creation requirements.


           
 
City of Higginsville  -  1922 Main Street  -  P. O. Box 110   -  Higginsville, MO 64037  -  Phone:660-584-2106
Site Map   |   Contact Us    |   Powered by MunicipalCMS
Get our RSS Feeds Sign up for E-News