Economic Development
Mountain Grove is open for businesses!
How to start a small Business in Missouri
Starting a small business in Missouri requires careful planning and attention to legal and financial considerations. Here is a step-by-step guide to help you get started:
Step 1
Choose a business structure: Decide on the type of business structure you want to form, such as a sole proprietorship, partnership, LLC, corporation, or cooperative. This will determine your personal liability and taxes.
Step 2
Obtain a tax ID number: Apply for an Employer Identification Number (EIN) from the Internal Revenue Service (IRS), even if you don’t plan to hire employees. This is also known as a Federal Tax Identification Number.
Step 3
Register your business: Register your business with the Missouri Secretary of State and obtain any necessary licenses and permits for your industry. Including a business license from the City you live in or are doing business in.
Step 4
Create a business plan: Write a comprehensive business plan outlining your business objectives, marketing strategy, and financial projections. This will help guide your decision-making and secure funding if needed.
Step 5
Open a business bank account: Open a separate business bank account to keep your personal and business finances separate.
Step 6
Obtain any necessary insurance: Consider purchasing liability insurance, workers’ compensation insurance, and other types of insurance to protect your business.
Step 7
Set up a bookkeeping system: Start tracking your income and expenses to ensure the success and growth of your business. You can use an accounting software, hire an accountant, or do it yourself.
Step 8
Market your business: Develop a marketing plan to reach potential customers and establish your brand. This can include advertising, social media, and networking.
Step 9
Stay compliant with laws and regulations: Stay up-to-date on all relevant laws and regulations, including tax laws, labor laws, and health and safety regulations.
Starting a small business in Missouri can be a challenging but rewarding experience. By following these steps, you can give your business the best chance for success.
Mountain Grove is open for businesses!
MISSION
The mission of the City of Mountain Grove Economic Development Department is to advocate and promote economic growth throughout the city by stimulating, influencing, and facilitating new public and private investment, helping to create a strong, vibrant economy in which to live, work, and play.
Our Role
The role of the City of Mountain Grove’s Economic Development department is to create awareness of the business opportunities and resources that are available to companies and business executives. Existing and new are both equally important to us. As a part of that role, it is our commitment to see that interested companies and executives have a central location to gather pertinent, up-to-date information on our economy.
Specifically, the Economic Development Department is responsible for:
- Retention, expansion, and /or relocation of existing businesses within the City of Mountain Grove
- Marketing the City of Mountain Grove to targeted industries, businesses, and commercial retail users.
- To encourage commercial/industrial development by offering facilities and site location assistance.
- To leverage federal, state, and local funding for private investment in targeted projects and infrastructure improvement.
- Promotion, marketing and facilitation of identified key development opportunities within the City.
- Coordination with appropriate City of Mountain Grove departments to facilitate development projects.
- Develop strong education opportunities.
- Promote and encourage strong legislative relations.
Site Selection Services
The City of Mountain Grove Economic Development Department works on a free and confidential basis with domestic and foreign companies planning to establish new facilities, relocate existing facilities or expand current facilities. The City also assists existing businesses and industries in the area with any business related issues and/or expansion.
We offer a wide range of site selection services and development services, such as:
Land assemblage
Site development
Structure financing
Help in facilitating the permitting process.
Mountain Grove is open for Businesses and New Residential!
Currently we take each business prospect on a case by case basis so that we can customize any and all incentives available. As with most Economic Development Plans, Job Creation is our number one priority!
In the City of Mountain Grove we will work to assist businesses from start to finish; we will help guide you through the process of State, Federal and Local incentives.
We have at our disposal two different Industrial sites and three Industrial Development Boards to work with;
(IDC) – this is the Industrial Development Committee of Mountain Grove, they own the industrial site located in the Southwest corner of the city.
(IDA) – This is the Industrial Development Authority of Wright County, they are a great source for Gap Financing along with other assistance as necessary.
(TCIDA) This is the Twin Cities Industrial Development Authority, They own the Industrial site Just East of Mountain Grove, approximately two miles.
All sites are ready to build on and all have space available, we work with existing businesses needing to expand and the entrepreneur wanting to get their business off the ground, along with any new business looking to locate in our area.
We also have a good selection of commercial buildings for sale throughout town!
Residential Lots Available!
In many areas of town we have new neighborhoods with lots still available to build your dream home on! Land is very reasonably priced and available in very short order. You can check with any of our local realtors to help you through the purchase of an existing home or a new building lot. We would be more than happy to assist with a list of realtors in Mountain Grove!