According to Gov. Jay Nixon’s Department of Economic Development, Missouri is one of the awesomest place for business:
The Missouri Advantage stems partly from the low operating costs that give businesses in Missouri a greater return on investment. Because of the Missouri Advantage, companies like IMB and Data Systems International Inc. have recently located here.
- Missouri has the 3rd lowest business costs (including taxes, utility and labor costs) in the U.S. according to CNBC.
- Missouri has the 5th best corporate income tax rate index according to the Tax Foundation.
- Missouri has the 8th lowest commercial energy costs in the nation.
- Missouri is committed to the information technology industry and offers numerous tax and financing incentive programs.
You know who disagrees with the premise that Missouri’s a business friendly state?
How business-friendly is Missouri compared to 49 other states? Not as friendly as you may think. The conservative Tax Foundation ranks Missouri 16th nationally. The Small Business and Entrepreneurship Council ranks Missouri 21st. CNBC calls Missouri the 26th most business-friendly state. Missouri’s own Kauffman Foundation ranks its home state 28th, and Forbes Magazine says Missouri is the 30th most business-friendly state in the U.S. We can do better.
Nixon says all is well. Koster says differently.
Koster says to fix this, Missouri should cut taxes.
But last month, Gov. Jay Nixon was repeatedly bragging about Missouri’s tax rates, claiming in his State of the State address that “Missouri’s a low-tax state – sixth lowest in the nation – and we like it that way.”
It can’t be both. We can’t be a great place for business and a mediocre place for business.
Which is it, guys?