Nixon Backs Biotech ; Plan Would Create Incentives Fund.

Summary


OSAGE BEACH (AP) -- Gov. Jay Nixon embraced a proposal yesterday to direct tens of millions of tax dollars to Missouri's biotechnology industry to keep pace with other states competing for the high-tech jobs.

The plan would divert an annual portion of the new tax revenues generated by biotechnology companies to a special state fund, from which incentives could be doled out to new or expanding entrepreneurs in the same field.

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Nixon Backs Biotech ; Plan Would Create Incentives Fund.

Kansas adopted a similar incentive model five years ago to lure agricultural and biological firms and researchers. The Kansas Bioscience Au...

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