Establishes Manufacturing Opportunity Zones in Missouri to support large manufacturing developments.
The bill creates the Manufacturing Opportunity Zones Act, designating specific zones for large manufacturing developments. These zones will have access to transportation, electricity, gas, and water. The Department of Economic Development will create a fast-track permitting process and a small business loan guarantee program for these zones. A utility fund will be established to support utility access in these zones. The bill also outlines tax provisions for corporations and defines a "qualified manufacturing company.
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