Globe: Eagle Picher funding cut by Nixon

One of the items that fell victim to Gov. Jay Nixon's budget ax Thursday was $25 million in a forgivable loan that was scheduled to go to Eagle-Picher in Joplin, according to the Joplin Globe:

EaglePicher Technologies in Joplin was slated to receive $25 million of that for a job-creation program. Nixon signed the bill at the company’s Joplin plant about two weeks ago.

(Senate Budget Committee Chairman Gary) Nodler said the withholding means that the Department of Economic Development will review the program to ensure it will net a profit for the state.

“And that’s not a bad thing,” said Nodler, who pushed for EaglePicher to receive that funding. “I don’t have a problem with another level of review, to make sure that it returns more dollars to taxpayers.”