Missouri Innovation, Public Safety, and Accountability Act establishes innovation districts for economic development.

The Missouri Innovation, Public Safety, and Accountability Act establishes the Innovation District Program to promote economic development. Cities can voluntarily establish innovation districts in their downtown areas, central business districts, or Missouri Main Street districts. These districts can receive state-administered incentives like property tax abatements and tax increment financing. The act also allows employers to claim tax credits for relocating employees to innovation districts.

Missouri Innovation, Public Safety, and Accountability Act establishes innovation districts for economic development.

The Missouri Innovation, Public Safety, and Accountability Act establishes the Innovation District Program to promote economic development. Cities can voluntarily establish innovation districts in their downtown areas, central business districts, or Missouri Main Street districts. These districts can receive state-administered incentives like property tax abatements and tax increment financing. The act also allows employers to claim tax credits for relocating employees to innovation districts.