Mamtek
6:04 pm
Mon September 26, 2011

Mo. senators plan to investigate Mamtek project

State senators plan to investigate an unfulfilled central Missouri project that used public incentives and was to employ several hundred people to manufacture artificial sweetener.

The project by Mamtek U.S. Inc. was backed by $39 million in industrial development bonds issued by Moberly, and the state offered more than $17 million worth of incentives. But the plant remains under construction, Mamtek has laid off its employees and the company missed its first bond payment.

Missouri senators said Monday the committee would examine the role of the Department of Economic Development in the project.

The attorney general's office said last week that it was assisting the Randolph County prosecutor to determine whether any civil or criminal laws were violated.

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