Economic Incentives / Technology / Jobs
5:49 pm
Tue August 9, 2011

Nixon: new economic incentives will bring more hi-tech jobs to Mo.

Missouri Governor Jay Nixon was in St. Louis again Tuesday touting the state's growing biotech sector and says a new package of economic incentives will continue to bring more hi-tech jobs to the state.

Nixon was in St. Louis County to welcome SyMyCo, the latest tenant of BRDG Park, the research and development wing of the Danforth Plant Science Center.

The company's President Mike Amaranthus says $1 million in quality jobs tax credits as well as a $250,000 low-interest loan were a key part of their decision to locate in Missouri.

"Missouri really gave us the best proposal in terms of coordination and incentives and also some of the financing to get the project going," Amaranthus said. "So, basically it was our best possible outcome in terms of location."

The company hopes to employ as many as 80 people over the next several years.

Economic incentives will be the main topic in a special session of the General Assembly in September.