Tagged: MOSIRA

A lawsuit has been filed that challenges the creation of a new fund to offer state incentives to science or technology companies.

The Missouri Roundtable for Life and Missouri Right to Life said Thursday the new fund should be void.

Legislators created the Missouri Science and Innovation Reinvestment Act this year during a special legislative session.

Missouri Gov. Jay Nixon has signed legislation directing state money to help new companies doing business in science or technology fields.

The measure signed Friday creates a fund to offer incentives to companies that conduct research or make products related to agricultural biotechnology, veterinary medicine, biochemistry, forestry, homeland security, information technology and pharmaceuticals. The fund would be overseen by the Missouri Technology Corp.

Missouri lawmakers have quit working this week without agreeing on the details of a bill overhauling
Missouri's tax credits and business incentives that had been touted as the marquee issue of a special session that began Sept. 6. There seems to be little chance of resolving the stalemate, but the two chambers did agree to keep
the special session going in case a compromise can be reached later.

Our earlier story: