or login to your SBJ.net account
Forgot your password or username?
Search only accepts letters and numbers.
Study: Missouri among best states for manufacturing taxes
Tuesday, June 22, 2010 5:36 AM
A study grading all 50 states based on their taxes on manufacturing businesses places Missouri among the top five nationwide, according to information released Monday.
The 2010 Manufacturing and Logistics Report Card, prepared by Ball State University's Center for Business and Economic Research, issues state grades in each of nine categories: manufacturing, logistics, human capital, cost of benefits, global reach, diversification of industries, productivity and innovation, tax climate, and venture capital.
The best tax climate for manufacturers is in Florida, followed by Indiana, Missouri, Montana and Utah, according to the study, while the worst is in Alaska, Arkansas, Mississippi, Nebraska and Wyoming.
In addition to its A in tax climate, Missouri received Bs or B-minuses in logistics, global reach and diversification - a key factor to reduce volatility, CBER Director Michael Hicks said in a news release.
Overall, the center thinks manufacturing will recover to prerecession levels in the next two years in states with low tax rates, a diverse collection of industries and a strong base of government services.
"There is a great deal of pent up angst to expand or update existing manufacturing facilities or to simply build new ones," Hicks said in the release. "Those states with low tax rates and policies favorable to business creation will be the first to see new facilities in the next 18 to 24 months."
The report was prepared by CBER at the request of Conexus Indiana, the state's advanced manufacturing initiative. A state-by-state breakdown is available at
the university's Web site
Missouri is among the worst state in support of education--elementary, secondary, and post-secondary. The state's failure to generate enough taxes to provide essential services dulls the real benefits of tax breaks for manufacturers. We need to recognize that taxes are needed to support services that businesses as well as individuals know are vital for a healthy economy and a healthy society.
This comment has been hidden due to low approval.
6/22/2010 7:58:00 AM
Report this comment
Please fill out the form below to submit a comment. Your comments may be used in Springfield Business Journal’s print editions, along with your username and/or registered name.
Message is a required field.
Captcha entry is not valid, please try again.
A comment must be approved by our staff before it will displayed on the website.
SEARCH SPONSORED BY
Alamo Drafthouse to open at Campbell 16
Longtime Springfield HR director to retire
Chipotle's E. coli hangover lingers as sales plunge again
The world's last VCR will be manufactured this month
AB InBev gets US approval for $101B SABMiller buyout
Johnny Depp doubles price on French village
Great Southern bests prior year profits on atypical gain
American Airlines earnings plunge 44%
O’Reilly Hospitality gets approval for Ark. project
Fox News CEO resigns
Opinion/Letters to the Editor
© 2016 Springfield Business Journal, Springfield, Missouri. All Rights Reserved. To contact SBJ, call (417) 831-3238.
Software © 1998-2016 1up! Software, All Rights Reserved