The State of Missouri is committed to a thriving energy solutions industry. Below are State of Missouri incentive programs that are of interest to energy companies looking to move their business forward:
Ethanol and Biodiesel Incentive Programs
Targeted at increasing homegrown production of ethanol and biodiesel, the five year incentive programs provide grants to producers that are at least fifty-one percent owned by agriculture producers actively engaged in commercial production. Ethanol incentives include a payment of 20 cents per gallon for the first 12.5 million gallons and 5 cents per gallon for the next 12.5 million gallons. Biodiesel incentives are 30 cents per gallon for up to 15 million gallons of production
Missouri Works Program
The Missouri Works Program provides significant benefits for new and existing companies that are creating and retaining jobs in Missouri. Benefits may be the retention of State withholding tax and/or State tax credits, if the benefit percentage is greater than the amount of withholdings that otherwise would have been remitted to the State for the new job creation.