Missouri House Endorses New Economic Development Requirements Following Mamtek Failure
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Missouri House Endorses New Economic Development Requirements Following Mamtek Failure

Date: April 25, 2012
By: Matt Evans
State Capitol Bureau
Links: HB 1865

Intro: 
The Missouri House gave initial approval to new requirements for economic development incentives following the failure of the artificial sweetener company Mamtek in Moberly.
RunTime:  0:43
OutCue:  SOC

Wrap: The Missouri House backed the bill that would require information sharing - one thing that the failed Mamtek deal lacked.

The measure would require state and local officials to share information about any company seeking economic development incentives from the state or local government.

It would also subject company executives to financial background checks. 

Bill sponsor Republican Representative Jay Barnes says it's time to make the process more transparent.

Actuality:  BARNES01.WAV
Run Time:  00:07
Description: "I'm from Missouri. You've got to show me. It's time for this body to live up to that motto."

The House must approve the bill one more time before sending it to the Senate.

Reporting from the state Capitol, I'm Matt Evans. Newsradio 1120 KMOX.

Intro: 
The Missouri House gives first round approval to legislation aimed at preventing future failure of economic development projects.
RunTime:  0:47
OutCue:  SOC

Wrap: The artificial sweetener plant Mamtek in the Central-Missouri town of Moberly promised hundreds of Missouri jobs, but shut down after creating less than a dozen.

A bill aimed at preventing future failures like that would require information to be shared between state and local officials on companies applying for development incentives.

It would also subject company executives to financial background checks.

Bill sponsor Republican Jay Barnes says it's time to hold companies accountable.

Actuality:  BARNES02.WAV
Run Time:  00:10
Description: "If somebody wants millions in taxpayer benefits, they've got to be willing to take small, very small steps to prove to the state of Missouri that they're actually delivering on the promises they're making."

The House must approve the bill one more time before sending it to the Senate.

Reporting from the state Capitol, I'm Matt Evans. Newsradio 1120 KMOX.


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