"From Day One, my top priorities have been creating jobs and moving our economy forward. Streamlining and strengthening our economic development tools will help employers in the Show-Me State create more jobs and ensure that our workforce has the skills they need to compete and win in a global economy," Gov. Nixon said. "I am pleased that the General Assembly answered my call to address this issue and worked in a bipartisan fashion to get this legislation to my desk. Missouri Works will help all employers, from our largest industries to the family-owned businesses along Main Street, succeed, hire and grow."
Missouri Works consolidates Missouri's four existing business development incentives into a single, business-friendly program with a uniform set of definitions and a streamlined application process to cut through red tape. The Governor called for streamlining Missouri's economic incentive programs in his 2013 State of the State Address earlier this year. Missouri Works also improves on existing programs by enabling more small businesses and businesses in rural areas to participate and providing targeted benefits to existing Missouri businesses.
Missouri Works also consolidates Missouri's workforce training programs into a single, business friendly program that is more closely aligned with the State's other economic development programs. It also targets workforce development resources more efficiently toward job placement and training for job-seekers.
"Ensuring that our workforce has the skills they need to stay competitive is critical to attracting the jobs of the future and growing our economy," Gov. Nixon said. "That's why my administration has dramatically increased our targeted investments in worker training. Missouri Works makes sure that job training remains an important component of our economic growth strategy."
Missouri Works implements recommendations of the Governor's Strategic Initiative for Economic Growth, an effort that engaged 600 business, education and labor leaders from across Missouri to develop a comprehensive strategy to transform the state's economy. The Missouri Tax Credit Review Commission also recommended improving Missouri's existing economic development incentives by consolidating them into a single, business-friendly program designed to create jobs and encourage capital investment, while maintaining a positive return on investment.