Will Data Center Incentives Be the Most Important Result of a Missouri Special Legislative Session?

The impending Special Legislative Session convening later this summer has the entire economic development community of St. Louis, and the State of Missouri, buzzing. Having gone through numerous rewrites and negotiations, it is anticipated to grant special tax breaks and tax credits for multiple industries.

The “Big Idea” China Hub / Aerotropolis legislation leads the issues, followed by creating the Missouri Science and Innovation Reinvestment Act (MOSIRA), which would establish a special fund from state monies with the goal of creating a framework for attracting companies with high paying “high-tech” jobs to Missouri while fostering state-based entrepreneurs. Other intentions are for creating job development centers and attracting national sporting events to the state.