ST. LOUIS (AP) -- Gov. Jay Nixon plans has outlined his plan to create funding aimed at attracting and keeping high-tech scientific and research jobs in Missouri.
Nixon discussed the plan Wednesday at the Donald Danforth Plant Science Center in St. Louis. He planned a similar announcement later in the day in Kansas City.
Nixon called the Missouri Science and Innovation Reinvestment Act a "major component" of his economic development plan for the 2010 legislative session.
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.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
