Nixon touting overhaul of business incentives

JEFFERSON CITY (AP) — Gov. Jay Nixon is promoting a new law that reshapes Missouri’s business incentives.

A law that takes effect Wednesday consolidates four existing incentives into a new program dubbed “Missouri Works.” It offers tax breaks to businesses that add a certain number of jobs meeting minimum requirements for wages and health benefits.

In some cases, it will be easier for businesses to qualify for aid. But the new program also gives greater discretion to the Department of Economic Development to determine how much money to give businesses.

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