There are many innovative real estate investing opportunities in Cole County, Missouri. The city of Columbia offers a variety of tax incentives for investors, including a Community Development Block Grant program and a Tax Increment Financing district. The city of Jefferson City has a number of redevelopment projects underway, including the renovation of the Capitol Mall and the construction of a new hotel. There are also a number of smaller cities in Cole County with promising investment potential, such as Eldon, Fulton, and Holts Summit.
In Columbia, investors can take advantage of the Community Development Block Grant program to fund up to 20% of their project costs. This program is available for both commercial and residential projects that meet certain criteria, such as being located in a low-income area or creating jobs for low-income residents. The city also has a Tax Increment Financing district downtown that allows developers to keep 100% of the increase in property taxes generated by their project for up to 23 years.
In Jefferson City, there are several redevelopment projects underway that offer opportunities for investors. The Capitol Mall is being renovated to include new retail space, office space, and apartments. A new hotel is being constructed downtown, and plans are in the works for a mixed-use development on an abandoned rail yard. These projects are expected to generate significant economic activity and provide good returns for investors.
There are also several smaller cities in Cole County with promising investment potential. Eldon is home to two state parks and three lakes, making it a popular destination for tourists and outdoor enthusiasts. Fulton has been designated as an “Opportunity Zone” by the US government, which provides tax incentives for investments in certain areas designated as economically distressed. Holts Summit is located near several major employers, including State Farm Insurance and Walmart Distribution Center, making it an attractive location for businesses looking to relocate or expand their operations
Price Index: Jefferson City, MO