County hopes proposed tax incentives will lure new business to F - KMOV.com

County hopes proposed tax incentives will lure new business to Fenton

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By KMOV Web Producer By KMOV Web Producer

(KMOV) – St. Louis County is working to lure a new manufacturer to Fenton.

A House subcommittee is taking up a proposed Aerotropolis bill that could help bring in new business even though the Senate stripped the bill of $300 million in tax incentives that would go to warehouses.

St. Louis County is trying to market 295 acres on Interstate 44, and it says it would be a lot easier to do with tax incentives left intact.

A federal grant recently paid to the state, county and city of Fenton found the region took a $15 billion hit as a result of the closings of the Chrysler plants.  More than 6,300 people lost their jobs in addition to 2,500 people who worked as suppliers.

This meant a total of 43,000 direct, indirect and induced jobs lost throughout the region.

St. Louis County would like to see a manufacturer come and build a plant that could also transport cargo to Lambert Airport.

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