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Small Business Incubator Tax Credit

Description

This program helps small business incubators leverage funds to use for working capital and other non-operating expenditures that support new business creation in communities. View a map of the organizations throughout Missouri that participate in this program and provide a variety of services to help entrepreneurs grow.

Do I Qualify?

Eligibility requirements:

Missouri taxpayers who make a contribution to an approved incubator sponsor in Missouri.

How Do I Apply?

An incubator sponsor must apply to the Department of Economic Development for designation as an approved incubator. DED reviews and approves applications based on the following criteria:

Ability of the sponsor to carry out the provisions of 620.495, RSMo;

Economic impact of the incubator on the community;

Conformance with area-wide and local economic

development plans, if they exist; and

Location of the incubator (encouraging geographic distribution of incubators throughout the state).

Contributor

Any taxpayer, including non-for-profit corporations, except
those that benefit directly from General Revenue such as Public Universities, may be a contributor. Applications can be submitted to DED year-round. Decisions will be made on a first-come, first- served basis, based on the annual amount of tax credits allocated to an approved incubator.

Upload Program Application(s) and Documents

The FTP is a file system that allows you to send large documents that are too big to go through email. Sending documents through FTP can also help you save space in your inbox!

To upload a file, please click the following link and enter the username and password provided below:

Username: ded.finance
Password: BCSformupload2022

Need help? Click here.

A notification email confirming receipt will be sent to the email address listed in the application within 3 business days.

The original Application and attachments should be mailed to the address below:
Department of Economic Development
PO Box 118
Jefferson City, MO 65102

Need Help?

Email: community@ded.mo.gov

Phone: 573-522-9062

Community Finance Tax Credit Application Companion Guide

The Community Finance Tax Credit Application Companion Guide is now available. This new resource was created to provide a clear explanation of the application process, including documentation requirements for each donation type and examples of each kind of documentation.