Joplin Tornado
3:16 pm
Fri June 24, 2011

Nixon announces programs to aid Joplin businesses

The Missouri Department of Economic Development will use $50 million in bond money to help Joplin-area manufacturers recover from the May 22 tornado.

Gov. Jay Nixon was in Joplin Friday to announce $75 million in awards and modifications of existing programs aimed at helping business and industry in the Joplin area. Two-thirds of that funding comes from Private Activity Tax Exempt Bond capacity that has been set aside to aid the region.

Among other things, the governor also announced tax credits aimed at generating $14 million for investment for the Joplin Area Chamber of Commerce Foundation. The funds will be used for business assistance, land acquisition and other activities related to the tornado recovery.