According to the St. Louis Business Journal, the Missouri state government just doled out $17 million in state funds to Mamtek, a sugar substitute manufacturing company, to locate a plant in Moberly. The incentive package also included $37 million in city bonds. From the article:
The state of Missouri awarded Mamtek $7.6 million in Missouri Quality Jobs Program tax credits and $6.8 million in Missouri BUILD program tax credits, [the governor’s] office said Friday. The state also provided $2 million in Community Development Block Grant Industrial Infrastructure Program grant funds; $800,000 in funding for job training; and $368,000 for employment recruitment and referral services.
Wait, I’m confused. Wasn’t this incentive package endorsed by the same person who supported limits on Missouri tax credits in April? Isn’t this the same person who the Associated Press described as “cutter in chief” in May? If cutting such expenditures is a good idea, it’s important to maintain that position with more consistency, especially in the face of political pressure to the contrary.
