CNBC gives Missouri an A for cost of living and an A+ for the cost of doing business. It also scores highly for its infrastructure and education. US News ranks the Show-Me State tenth in the nation for its fiscal stability.
Missouri is a financially responsible state (check out its excellent credit rating), and the resulting savings is passed on to its residents and business owners. Businesses in the state benefit from low property taxes, a low corporate income tax, and low unemployment insurance taxes. Business owners and other residents enjoy the fifth-lowest cost of living and the fourth-lowest gasoline taxes in the United States.
When it comes to an educated workforce, Missouri is ranked tenth in the nation for its high-school graduation rate. The state also has a high level of preschool enrollment, ensuring that the next generation of Missouri workers has a strong foundation for success.
Opening a business in Missouri comes with many benefits, and our FranNet local experts are here to make sure you get the most from your investment. Let FranNet help you choose the best business to run in Missouri.