Last Updated on August 23, 2023 by Hannah Stevens
The federal government spends more than $13,568.00 million dollars in grants and an additional local government funds of $10,293.00 million dollars into the business sector since small businesses and large corporations are the backbone of Missouri’s economic growth. The state of Missouri has 118,502 business establishments, and they are broken down into the following:
Missouri Business Sector Breakdown by Size
- 70,377 registered businesses in Missouri have 0 to 4 employees. This breakdown includes those who work from home and have sole proprietorship.
- 19,264 registered businesses in Missouri have 5 to 9 employees.
- 12,259 registered businesses in Missouri have 10-19 employees.
- 11,055 registered businesses in Missouri have 20-99 employees.
- 2,733 registered businesses in Missouri have 100 to 499 employees.
- Over 2,814 registered businesses in Missouri have over 500 employees.
Missouri Business Sector Breakdown in Service Industries
- 13,516 registered businesses in Missouri are in the Professional, Scientific and Technical Services sector.
- 7,497 registered businesses in Missouri are part of the Administrative, Support, Waste Management, and Remediation Services sector.
- 12,215 registered businesses in Missouri belong in the Accommodation and Food Services sector.
- More than 15,927 registered businesses in Missouri are also service orientated businesses, but do not belong in the categories above.
You may also be eligible to apply for grants for small businesses if you work in the agriculture industry. The state of Missouri has more than 108,000 farms.
Small Businesses in Missouri
It is difficult to start and manage a small business in Missouri. In this state, more than $88,809,106,000.00 US dollars go to payroll/employee salaries alone, and every year, 32,931 companies declare bankruptcy. Although grants from the federal government are not provided publicly for the expansion or start-up of a business, Missouri offers grants to small business owners that can be used to help them grow their business. Moreover, grant recipients don’t have to repay the government funding. So, it is worth looking into small business grants to help fund your business.
Contact the Missouri financial aid agencies to apply for Missouri business grants.
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state: