JEFFERSON CITY, Mo. (AP) — Easier money. More of it. And without the wait.
A proposed overhaul of Missouri’s job-creation incentives could make it easier for many businesses to qualify for state incentives. Some also could receive more aid than under Missouri’s existing programs. And for a lucky few, the new program could be like winning the lottery — they could choose to take the cash up front, instead of getting incremental payments over the coming years.
The proposal is called Compete Missouri. It’s backed by Democratic Gov. Jay Nixon and passed the Missouri Senate last week on a bipartisan vote.
But it faces an uncertain future in the Missouri House as a special legislative session continues this week. Republican House leaders are skeptical about scrapping Missouri’s current way of doing things and giving Nixon’s administration greater flexibility over the state’s business enticements.
Article source http://www.chron.com/news/article/Analysis-Mo-proposal-revamps-business-incentives-2176769.php
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