Mamtek troubles making Missouri lawmakers wary

JEFFERSON CITY, Mo. (AP) - The financial problems of a company that promised to open an artificial sweetener factory in Moberly are making some lawmakers wary of approving new business incentives during a special session.

Missouri officials had said Mamtek U.S. Inc. could eventually employ 600 people at the plant. Moberly issued $39 million of bonds for the facility, and the state pledged $17 million of aid. But Mamtek missed its first bond payment, leaving the city on the hook for it.

House Majority Leader Tim Jones says Mamtek has "become a real hot point" for lawmakers who are hesitant to give greater discretion over tax incentives to the Department of Economic Development.

Senate President Pro Tem Rob Mayer says Mamtek "dampens the enthusiasm" to create new incentives for a St. Louis air cargo hub.

Upcoming Events