Missouricontinues to attract major investments with its
growing market of + 6 million consumers.
Major
industries include aerospace, transportation
equipment, food processing, chemicals, printing/publishing, electrical
equipment, light manufacturing, financial services and beer.
The
agriculture products of the state are beef,
soybeans, pork, dairy products, hay, corn, poultry, sorghum, cotton, rice, and
eggs.
Missouri is
ranked in the top five states in the nation for production of soy beans, and it is
ranked fourth in the nation for the production of rice.
In
2001, there were 108,000 farms, the second-largest number in any state
after Texas. Missouri actively promotes its rapidly growing wine industry.
Missouri has
vast quantities of limestone. Other resources mined are
lead, coal, and crushed stone. Missouri
produces the most lead of all of the states. Most of the lead mines are in the central eastern portion of the
state. Missouri also ranks first or
near first in the production of lime, a key ingredient in Portland cement.
Missouri
also has a growing science, agricultural technology and biotechnology field. Monsanto, one of the largest biotech companies in America, is based in
St. Louis.
Tourism,
services and wholesale/retail trade follow manufacturing in importance.
Missouri is
the only state in the Union to have two Federal Reserve Banks.
Personal
income is taxed in ten different earning brackets, ranging from
1.5% to 6.0%. Missouri's sales tax rate
for most items is 4.225% with some additional local levies. More than 2,500 Missouri local governments
rely on property taxes levied on real property (real estate) and personal
property.
Most
personal property is exempt, except for
motorized vehicles.
In 2017, the
Tax Foundation rated Missouri as having the 5th best
corporate tax index, and the 15th best overall tax climate.
As of 2016, Missouri's solar installations had reached 141 MW.
Missouri has
two major airport hubs: Lambert–St. Louis
International Airport and Kansas City International Airport. Residents of
Mid-Missouri use Columbia Regional Airport (COU) to fly to either Chicago (ORD)
or Dallas (DFW).
Two of the
nation's three busiest rail centers are in Missouri. Kansas
City is a major railroad hub for BNSF Railway, Norfolk Southern Railway, Kansas
City Southern
Amtrak
passenger trains serve Kansas City, La Plata, Jefferson City,
St. Louis, Lee's Summit, Independence, Warrensburg, Hermann, Washington,
Kirkwood, Sedalia, and Poplar Bluff.
The only
urban light rail/subway system operating in Missouri is MetroLink, which
connects the city of St.
The Gateway
Multimodal Transportation Center in St. Louis is the largest
active multi-use transportation center in the state.
Many cities have regular fixed-route systems, and many rural counties have rural public
transit services.
The
Mississippi River and Missouri River are
commercially navigable over their entire lengths in Missouri.
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