Establishing a Deal Closing Fund within the existing Missouri Works program will win more jobs for Missouri.
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Proposed Structure:
Download the handout.
Proposed Structure:
- Tax credits can be issued in the initial year, when the company needs to offset startup costs, rather than over a longer period
- Depending on the available cap space each year, up to $25 million would be set aside within the existing Missouri Works cap—no new program or dollars are required
- Using the existing and proven Missouri Works structure, the credits are saleable and refundable
- Puts Missouri in the running with other states that have this tool
- Helps businesses manage costs and shorten ramp up time for expansions
- Uses existing dollars more strategically to win projects
- Claw backs ensure performance and protect tax payers