Sunday, February 08, 2009

Richard: Tax credits needed to keep Monsanto in Missouri

Speaker of the House Ron Richard, R-Joplin,wants to change the Quality Jobs Act to hand out enough tax credits to keep Monsanto from moving its operations to another state:

Richard, R-Joplin, says he supported a lift on the $60 million cap on tax credits dolled out through Quality Jobs Program so Martinez could aggressively lobby St. Louis-based agribusiness Monsanto to stay in Missouri.

Monsanto is considering a $1 billion expansion and is being heavily courted by South Carolina and Iowa with tax incentives to move to those states and make their investment there, Richard said.

The Springfield News-Leader's Chad Livengood has the story at this link.

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