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Ameren Missouri's Smart Energy Plan Economic Development Incentive Program

Ameren Missouri's Smart Energy Plan Economic Development Incentive Program

 

The Ameren Missouri Smart Energy Plan economic development incentive (EDI) is available to qualifying new and existing businesses seeking to locate or expand in Missouri.

The Smart Energy Plan EDI offers qualifying businesses an average 40 percent discount from Ameren’s base rates over five years*. Since the Smart Energy Plan EDI is only available to facilities that have not yet announced their expansion or new project, it is important to apply for this incentive early in the project.  

 

  

To qualify, businesses must meet the following eligibility requirements: 

  1. Must apply for the Ameren Missouri Smart Energy Plan EDI prior to a public announcement of the expansion/location project;

    Must apply for the Ameren Missouri Smart Energy Plan EDI prior to a public announcement of the expansion/location project;

  2. Must be a commercial or industrial facility, not retail (not directly selling or providing goods and/or services to the general public);

    Must be a commercial or industrial facility, not retail (not directly selling or providing goods and/or services to the general public);

  3. Must be receiving state, regional, or local economic development incentives in conjunction with its expansion/location project; and

    Must be receiving state, regional, or local economic development incentives in conjunction with its expansion/location project; and

  4. Must meet the following Ameren Missouri service type, demand, and rate criteria: 

    Must meet the following Ameren Missouri service type, demand, and rate criteria:

    • Either currently receive, or request from Ameren Missouri under Rate 3M – LGS, Rate 4M – SPS or Rate 11M – LPS

    • Must have an average monthly demand increase of at least 300 kW and 55 percent load factor; and

    • Discounted rates must be greater than Ameren Missouri’s marginal cost.

 

If your business is not currently receiving state, regional, or local economic development incentives, you may be eligible to do so.  Ameren will consider incentives recognized by the local, regional, or state issuing authority as documented by an official letter describing it as an incentive. 

 

If your business meets the Smart Energy Plan EDI eligibility requirements, MoCannTrade recommends you reach out directly to the State of Missouri Department of Economic Development (DED) to discuss whether you qualify for any available incentives. 

 

Missouri Works: Businesses** that meet the below eligibility requirements automatically qualify to retain the Missouri state withholding tax of the new jobs, for 5 years (new businesses) or 6 years (existing Missouri companies that have been operational in Missouri for at least 10 years). To receive the benefit, companies must apply to the DED directly. Applications are accepted year-round.

 

Program Minimum New Jobs Minimum New Private Capital Investment Minimum Average Wage
Zone Works 2 $100,000 80% of County Avg. Wage
Rural Works 2 $100,000 90% of County Avg. Wage
Statewide Works 10 N/A 90% of County Avg. Wage

 

Sales Tax Exemption: Manufacturers are eligible for a state sales tax (4.225) exemption for: electrical energy, gas (natural, artificial or propane), water, coal, energy sources, chemicals, machinery equipment, and materials.  To qualify, manufacturers must submit a Sales and Use Tax Exemption Certificate to the DED. Applications are accepted year-round.

 

Click here for Frequently Asked Questions About the Ameren Smart Energy Plan EDI

Click here the Ameren Smart Energy Plan EDI Application

For more additional information not found here, contact TRC

 

 *Ameren Missouri is currently authorized to provide five years of discounts for any agreement entered into prior to December 31, 2023.

**The following businesses are not eligible: Gambling establishments, store front consumer-based retail trade establishments, food and drinking places, public utilities, educational services, religious organizations, public administration, ethanol distillation or production, biodiesel production, or healthcare and social services; Businesses that are delinquent in payment of any non-protested taxes or other payments (state, federal, local); Businesses that have filed for or have publicly announced their intention to file for bankruptcy, unless certain requirements are met; Businesses that are relocating jobs from Johnson, Miami, or Wyandotte counties in Kansas to Jackson, Platte, Clay or Cass counties in Missouri.  However, net new jobs created above a qualified company’s base employment may be eligible for benefits.  Also, the headquarters, administrative, or research and development offices of otherwise excluded businesses may be eligible if the predominant function of such offices is to serve a multi-state territory. https://ded.mo.gov/programs/business/missouri-works


 January 06, 2021