Small Business Incubator Tax Credit

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. Eligibility requirements: Missouri taxpayers who make a contribution to an approved incubator sponsor in Missouri. 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. Document Submission To submit program documents, please upload files to the Community Finance Box Account. If you have any programmatic questions, please contact us at 573-526-6708 or [email protected] . To submit a physical copy, please mail to: Missouri Department of Economic Development Business and Community Solutions Box 118 Jefferson City, Missouri 65102-0118

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