Missouri Backs Manufacturing Incentives
02/19/2010
The legislation, which was given initial approval on 2/16/10, is targeted primarily at Ford Motor Co.'s automobile plant in the Kansas City suburb of Claycomo. However, it also could apply to other Missouri manufacturers and their suppliers.
The bill would allow manufacturers to keep part of the withholding taxes they normally would pay if they invest at least $50,000 per full-time employee on factory improvements. Suppliers to those manufacturers also could qualify for incentives if they add at least five new jobs with salaries that at least meet the industry average and provide health insurance.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024