​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

Advantages:

• 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