The investigation comes at an opportune time, since the legislature is looking at dramatically expanding a program that does not appear to be doing what it was supposed to do:
State records show that since 2005, the incentives have produced only 2,373 new jobs — about 11 percent of the 22,000 claimed by the program itself and politicians in both parties.
Why such a disparity?
Officials counted all jobs that companies initially promised in their applications, while the actual number of jobs generated so far is much lower. A Post-Dispatch review shows that many of those projects fizzled or were put on hold when the economy nose-dived.