Why Economic Development Matters

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:
  • Create/retain jobs
  • Increase the local tax base
  • Promote a healthy diversity of land uses
  • Draw goods and services into the community.