Thu, Nov 26 2009
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It also would create new market initiatives aimed at bringing cutting-edge jobs to Missouri.
Those provisions were praised by speakers representing the Missouri Chamber of Commerce and Industry, and statewide economic-development representatives. “The current program has made Missouri more competitive, but there are businesses that want to come to the state or to grow here,” said Jeff Kazmerek, with the Kansas City Economic Development Corp. “Those jobs are critical, and they’re waiting for this outcome.” A beef-tax credit program brought praise from state agricultural interests, and a provision that would allow the resale of sports and concert tickets was endorsed by spokesmen for sports teams and ticket vendors. “This will give our season-ticket holders and others a safe and secure way to buy and sell tickets with recourse when there is a problem,” said John Barget, with the St. Louis Cardinals. “Studies show this law has driven down prices in other states.” While dozens of speakers who packed the hearing room spoke in favor of the bill, Sarah Steelman, state treasurer, said the measure should include safeguards to ensure that tax credits don’t go to contractors who employ illegal immigrants. A provision of the bill that would allow developers to get tax credits for projects that assemble large tracts of land for redeveloping deteriorated parts of Kansas City and St. Louis got the endorsement of some St. Louis groups, while others said the procedure would not do enough to involve local governments and neighborhood organizations. The committee endorsed an amendment designed to ensure that local elected officials would have input on the projects. Jobs bill Senate action on the economic-development bill is scheduled to begin next Tuesday. 
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Committee endorses economic-development bill w/ link to summary and full text of HB 1 
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