The City of Monroe City has always encouraged industrial development and has provided incentives to industries to be here. Industrial customers have a lower electric and gas rates.
In 1993, AccuTherm, Inc. of Hannibal was looking to relocate their business, due to severe flooding. The City of Monroe City received a $1,000,000 plus grant to develop the first Industrial Park in Monroe City the Ralls County. With these grant funds, the City was able to install the infrastructure and build a new building for Accutherm. AccuTherm was given a no interest lease purchase agreement to purchase this building. The proceeds from this lease/purchase were used for further economic development.
In 2004, Monroe C0unty invested in industrial development in Monroe City by purchasing land across from the Ralls County Industrial Park. This land was used for buildings for Lakeside Casting and Arrow Tool & Die.
Monroe County also purchased land in the area south of Norfolk & Southern Railroad tracks, north of Route W, and east of the Browning Property. A portion this land was used to relocate the Monroe City Sheltered Work shop and their recycling business.