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March 18, 2020 JEFFERSON CITY | Today, Governor Mike Parson directed the Missouri State Emergency Management Agency and the Missouri Department of Economic Development to seek assistance for Missouri businesses through the U.S. Small Business Administration’s (SBA) Economic Injury Disaster Loan program. The SBA will offer targeted, low-interest disaster recovery loans for Missouri small businesses that have been severely impacted by economic disruptions related to the new coronavirus (COVID-19.) Through the program, businesses can receive up to $2 million in assistance to use toward fixed debt payments, payroll, accounts payable, and other bills that cannot be paid due to the impact of COVID-19. The interest rate for small businesses will be 3.75 percent and 2.75 percent for non-profits. SBA offers long-term repayment plans of up to 30 years to ensure loan payments are kept affordable. Terms are determined based on each borrower’s ability to repay on a case-by-case basis. Additionally, SBA offers counseling and helps businesses navigate preparedness plans through a network of 68 district offices and resource partners located across the country. For more information, contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or email disastercustomerservice@sba.gov. You can also learn more at SBA.gov/coronavirus.   About Missouri One Start: Missouri One Start is a Division within the Department of Economic Development. Training programs are administered regionally by local education agencies (LEAs). In addition to meeting certain eligibility criteria, companies must be making a capital investment five times greater than the amount of training funds they receive. « State announces Rolla Airport Industrial and Technology Park as Missouri Certified SiteMissouri Approved for SBA Disaster Loan Program – COVID-19 »

Today the Missouri Department of Economic Development (DED) announced that the Rolla Airport Industrial and Technology Park, located in Vichy, is now a Missouri Certified Site (MCS), meaning it is shovel-ready for companies looking to establish business.  

Missouri’s seasonally adjusted unemployment rate was 3.1 percent in November 2019, remaining unchanged from October.

Today, Governor Mike Parson joined General Motors (GM) leadership, government officials, and community partners for the announcement of GM’s decision to invest $1.5 billion and retain nearly 4,000 jobs at its Wentzville facility. 

Today, the Missouri Department of Economic Development announced that three companies are expanding in Kansas City, Missouri, with plans to create 388 new jobs and invest a projected $4.9 million.

Today, the Missouri Department of Economic Development awarded three organizations a total of $167,000 through the Military Community Reinvestment Grant Program.

Casey’s General Stores, Inc. will invest an estimated $50 million in a new, state-of-the-art warehousing and logistics/distribution facility in Joplin, MO.

JEFFERSON CITY — Missouri’s seasonally adjusted unemployment rate was 3.1 percent in October 2019, remaining unchanged from September. Seasonal adjustment is a statistical technique used to measure and remove influences of predictable seasonal patterns to show how employment and unemployment change monthly.

JEFFERSON CITY — Today, Governor Mike Parson announced the award of more than $7.8 million to 226 projects across Missouri for customized training assistance through the Department of Economic Development’s Missouri One Start program.

JEFFERSON CITY — Today, new legislation and a multi-department state government reorganization take effect, signaling a complete reset to Missouri’s economic development strategy.