StateSubsidies
Back to all incentives
Tax CreditMissouriActiveVerified

Missouri Works Program

Missouri Department of Economic Development (MoDED)MO-WORKSRefreshed 1 month ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Missouri's primary job creation incentive offering businesses a combination of retained withholding taxes and tax credits for creating or retaining full-time jobs at competitive wages. Businesses retain up to 6% of new payroll and receive tax credits to offset facility investment.

Key Requirements & Eligibility

  • 1Minimum 2 new or retained full-time jobs at county average wage or above
  • 2Benefit: retain 2.5%–6% of payroll withholding from qualifying employees
  • 3Additional tax credits for investment and training
  • 4Eligible: manufacturing, R&D, tech, services with significant job growth
  • 510-year maximum benefit; apply before project begins

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Minimum 2 new or retained full-time jobs at county average wage or above

2.Benefit: retain 2.5%–6% of payroll withholding from qualifying employees

3.Additional tax credits for investment and training

4.Eligible: manufacturing, R&D, tech, services with significant job growth

5.10-year maximum benefit; apply before project begins

Related Programs

LoanFederalVerifiedPrivate business

DOE Loan Programs Office — Title 17 Clean Energy Financing

LPO · United States

Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.

Clean TechnologyEnergy StorageManufacturing+1

via www.energy.gov · MEDIUM

Details
Tax CreditStateVerifiedPrivate business

North Carolina Renewable Energy Tax Credit

NCDOR · North Carolina

Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.

Clean TechnologyEnergy ManagementAgriculture+1

via www.ncdor.gov · MEDIUM

Details
Tax CreditFederalVerifiedOpen to all

Treasury New Markets Tax Credit Program

CDFI Fund · United States

Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).

Financial ServicesReal EstateManufacturing+2

via www.cdfifund.gov · MEDIUM

Details
Official Source