To help Missouri win more advanced manufacturing megaprojects and compete with surrounding states, Greater St. Louis, Inc. researched and developed the Advanced Manufacturing Recruitment Act and testified in support of its passage before the Missouri House Economic Development Committee. The Legislation — HB 1480 and SB 1060 — makes available a 20% credit for qualifying advanced manufacturing megaprojects if a company invests a minimum of $1 billion in new capital and adds 500 jobs. FULL STORY ⤵
Great addition to STL's competitive landscape, but be sure to also do a candid assessment of regional shovel-ready industrial sites suitable for mega-projects. An absolute must to compete in today's environment.
Advance manufacturing plays a critical role in the growth of our region. Missouri is a key state in strengthening the overall supply chain. Adam Kazda and team are doing a great job in setting the legislative agenda/priorities that will continue to grow the State!
Smart idea!!
Missouri House State Representative from the 106th District in Saint Charles
3moProud to be a co-sponsor of this important legislation!