Missouri

Economic policy

Primary responsibility for economic development is vested in the Department of Economic Development, and especially in its Office of International Marketing, which seeks outside investment in the state, promotes the national and international marketing of Missouri products, provides technical assistance to existing businesses, and maintained offices in Germany, Japan, Brazil, Chile, Korea, Mexico, Ghana, Taiwan, Thailand, and the UK as of 2000. Its Enterprise Zone Program provides a variety of tax credits, exemptions, and other incentives to businesses that locate in designated areas. The division also offers grants, information, technical aid, and other public resources to foster local and regional development. Special programs are provided for the Ozarks region and to rehabilitate urban neighborhoods. Loan and bond guarantees are provided to selected businesses by the Missouri Economic Development Commission and direct loans by the Missouri Industrial Development Authority. A nonprofit Missouri Business Modernization and Technology Corporation, provides support for research and development and for the development of new technologies.