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.
Gov. Jay Nixon says he is not including the expansion of a tax credit for assembling and maintaining large swaths of land in his planned call for a special legislative session.
Nixon and lawmakers have been working on an agreement for an economic development package. One part of the lawmakers' proposal would remove the time limit for the tax credit program while offering fewer credits annually.
The tax credits are being used by a developer, Paul McKee, who has promised a multi-billion dollar makeover for north St. Louis.
Water flows from the Missouri River over levee L-550, located north of Highway 136 in Atchison County, Mo., June 19, 2011. The local sponsor reported overtopping of the levee to the U.S. Army Corps of Engineers the morning of June 19.
Credit U.S. Army Corps of Engineers photo by Carlos J. Lazo