Missouri Innovation, Public Safety, and Accountability Act establishes economic incentives for innovation districts.
The Missouri Innovation, Public Safety, and Accountability Act establishes a framework for innovation districts, offering economic incentives to encourage development. Cities can voluntarily participate by adopting policies and processes, including a fast-track permitting process and building code flexibility for adaptive reuse projects. The act provides various tax credits and withholding incentives for projects within these districts, such as office-to-residential conversions and employer relocations.
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