Mo. gov. details proposed auto supplier incentives
Gov. Jay Nixon wants to offer larger incentives to a wider variety of automobile parts suppliers as part of a plan to rebuild the automotive industry in Missouri.
Nixon's administration provided details to The Associated Press of a plan the governor has been touting in broad terms for the past couple of weeks.
Nixon is seeking to expand special automotive industry incentives approved in 2010 that have been used to persuade Ford and General Motors to expand operations at Missouri plants. The 2010 law also authorized incentives for suppliers to automakers.
The new proposal would expand the types of auto part suppliers eligible for the aid, allow them to qualify while hiring fewer employees and increase the payroll taxes they could keep.