The City of Columbia enjoys a steady stream of new housing starts as a result of shorter commute times and lower property costs (compared to Missouri suburbs), but that residential growth isn't enough. City government seeks balanced, high quality, sustainable and orderly business growth. Businesses bring jobs, sales taxes, and property taxes—a business that chooses to relocate or expand in Columbia will pay more in taxes due to the higher property value than a residential piece of property, reducing the tax burden for residents.
The overall goal for economic development is to stimulate private sector investment resulting in the creation of permanent jobs and increased productivity.
A successful economic development program will:
Increase the local tax base
Promote a healthy diversity of land uses
Draw goods and services into the community
The City's economic development professional is a catalyst and financing specialist who creates new programs to meet needs of current and emerging companies.
The City of Columbia’s Economic Gardening program helps to cultivate our local businesses by providing them with the information and training that they need to be successful in today’s marketplace. Our professional staff works individually with businesses to assess their business needs and provide them the best information to establish or expand their business.