Ameren Missouri economic development incentive rate helps Dollar General launch $9M investment
Jumping at an opportunity provided by Ameren Missouri’s economic development incentive rate, the Dollar General Corporation announced this week that it intends to invest $9 million into a new general distribution facility in Berkeley, Mo.
“Ameren Missouri continues to be an active partner with the state of Missouri to create economic development opportunities through its Smart Energy Plan,” Rob Dixon, director at the Missouri Department of Economic Development, said. “As we engage with companies throughout the United States, energy costs and the low cost of doing business in our state is an important topic, which often leads to exciting announcements such as this $9 million expansion in North St. Louis County.”
With that expansion should come 55 new jobs. Operations are already underway, and the facility is expected to be fully operational within a few months. Dollar General has pointed to the incentive rate as key to its decision. Still, the rate is also just one part of Ameren Missouri’s larger five-year Smart Energy Plan, originally developed in 2018.
“Even in these unprecedented times, companies such as Dollar General see the benefits of growing their business in Missouri,” Marty Lyons, chairman and president of Ameren Missouri, said. “New and expanding businesses can get one of the most favorable economic development rate incentives in the country, keeping energy costs low for the business and all of our customers. It’s part of Ameren Missouri’s Smart Energy Plan, and a competitive advantage for our state.”
The plan also includes more than $7 billion in infrastructure upgrades for communities throughout Missouri. Rate cuts and caps for customers are also on offer.
