Missouri R&D Tax Credit (REINSTATED)

Missouri's Research and Development Tax Credit sits with the Missouri Department of Economic Development and rewards qualified research expenditures made in the state. The credit was reinstated for tax year 2023, and the program is capped at $10 million a year so it stays focused on in-state research spend. The credit equals 15% of the qualified research expenditure increment, with a 5% bonus for work tied to a university or SBIR partnership. Awards run from $1,000 to $300,000, and the median actual award is $30,000. It is available to for-profit businesses that can document Missouri QREs, and it is a sellable credit rather than a competitive grant. The strongest fit is a company that already tracks research costs carefully and can show a clean Missouri tax position at filing time. Firms with university collaborations or active SBIR work have the best economics because the bonus rate improves the value of the credit, while everyone else needs disciplined expense records and timing that matches annual tax use.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.