Columbia Missouri 2013 - REDI

BUSINESS CLIMATE continued
Area Development Magazine (Spring
2011)
As business populations shift and site
selection continuously evolves, smaller
regional and metro areas emerge from
amongst the field of usual big-city
suspects as desirable locations for
companies of all sizes.
Our list brings these locations to light
by showing how they stack up to the
rest of the field when considering 14
highly regarded surveys.
Columbia, Missouri is one of the best
Midwest metro areas on Area
Development's 100 Leading Locations
list.
UNEMPLOYMENT INSURANCE
Missouri unemployment benefits provide
temporary compensation to those workers
meeting the eligibility requirements of Missouri law.
The Missouri Department of Labor and Industrial
Relations administers its own unemployment
insurance program within Federal guidelines. The
value of unemployment benefits in Missouri differs
from that of other states because each state
unemployment office applies its own formulas and
limits when calculating the level of unemployment
compensation. The duration of unemployment
benefits in Missouri may also differ from that of other
states.
WORKERS COMPENSATION
Companies can offer this protection through a
private insurance carrier or they can become selfinsurers.
Premium rates vary, depending on the risks
associated with special occupations. As in most states,
the premium rates apply to an employee’s total annual
salary. The maximum weekly benefit for temporary
total disability, temporary partial disability, permanent
total disability and death is currently computed as
105% of the average weekly wage, determined
annually on July 1. Missouri's workers compensation
rates compare favorably with those in other states.
Though benefits for claimants in other states usually
increase automatically from year to year, in Missouri
benefits cannot be increased without the review and
approval of the state legislature.
PROPERTY TAX
• The inventories of manufacturers, retailers, distributors and wholesalers are exempt from property tax
• Real property (land and building) classified as commercial or industrial is assessed at 32% of fair market value
• Personal property equipment is assessed at 33 1/3% of fair market value
• The personal property tax rate is $5.87 per $100 of assessed valuation
• Boone County's total real property tax rate is $6.40 per $100 assessed valuation (actual rate may vary upon location)
MISSOURI FRANCHISE TAX
1/30 of 1% or $0.33 per $1000 of par value outstanding shares and surplus or total assets
SALES TAX
Combined state and local rate is 7.55%. A higher sales tax rate, up to 1%, may apply within Transportation
Development Districts (TDDs). State exemptions include:
1) Machinery and equipment used in a manufacturing facility
2) Machinery that abates air or water pollution
3) Materials and supplies used to install the above
4) Electricity consumed in the manufacturing process
NewGeography put Columbia,
Missouri #20 on their list of Best Small
Cities for Job Growth
June 3, 2011
The methodology emphasizes the
robustness of a region's growth both
recently and over time. It allows the
rankings to include all of the
metropolitan statistical areas (MSAs)
for which the Bureau of Labor Statistics
reports monthly employment data.
They are derived from three-month
rolling averages of U.S. Bureau of
Labor Statistics "state and area"
unadjusted employment data reported
from November 1999 to January 2011.
31 www.columbiaredi.com
Taxable Sales - Boone County
Quarter Total Taxable Sales Retail Sales Percentage of Total
2010 1 $515,911,295.02 $328,447,560.53 64%
2010 2 $534,539,716.71 $353,781,848.87 66%
2010 3 $565,778,945.13 $362,007,575.48 64%
2010 4 $581,967,755.84 $400,931,691.16 69%
2010 TOTAL $2,198,197,712.70 $1,445,168,676.04 66%
2009 1 $516,383,372.86 $321,934,244.76 62%
2009 2 $528,254,769.91 $344,618,170.65 65%
2009 3 $544,485,607.87 $344,956,949.46 63%
2009 4 $563,492,213.05 $382,300,472.37 68%
2009 TOTAL $2,152,615,963.69 $1,393,809,837.24 65%
Source: Missouri State Department of Revenue - Taxable Sales (Sales and Use Taxes)