 |
APRIL 23,
2008
Missouri House Passes Strong Economic
Development Bill, HB 2058 -- Senate Urged To Act To
Maintain State's Competitiveness
The Missouri
House of Representatives demonstrated strong support
for enhancing the State's economic development tools by
passing HB 2058 (click
here for voting record), sponsored by Rep. David Pearce (R-Warrensburg). The
bill includes several key provisions that will improve
Missouri's competitiveness in attracting and retaining
businesses, most importantly the elimination of the cap
on the Missouri Quality Jobs program -- the
State's most successful job creation
incentive. A
recent analysis by the Missouri Department of Economic
Development found that the Quality Jobs tax credit returns $5.63
in new state revenue for each dollar invested, and has
generated some $2.5 billion in new investment in less
than three years. The annual tax credit cap for the
Enhanced Enterprise Zone program would also increase to $24
million from $14 million under the bill. This program returns
$4.96 for every dollar invested and has created jobs and
investment across Missouri. The growing success of both
programs has caused their tax credit limits to be
reached.
House Bill 2058 would also
establish a $5 million Angel Tax Credit, a key component of the
RCGA's "Grow
Me State" Initiative. The tax
credit would stimulate private investment in advanced technology
start-up companies and help close the State's capital
formation cap. Missouri currently spends only 10 cents per
capita on venture capital programs, compared $2.79 in
neighboring states.
The ongoing success of the Quality
Jobs and the Enhanced Enterprise Zone programs in creating jobs
is unchallenged.
In
these uncertain economic times, immediate action is needed to
expand the Quality Jobs and Enhanced Enterprise Zone programs
and to create a new Angel Tax Credit program.
Missouri's future well-being
depends on positive action this year on economic development
legislation.
|
 |
 |
 |
|
|
| |
|
Focus on
Illinois: Levee Repair Bill Passes Senate
A funding
mechanism for the urgently needed repair of five Southwestern
Illinois levees has passed the Senate and now heads to the
House for further action. Senate Bill 2052, sponsored by Sen. Bill Haine (D-Alton) would
allow Madison, St. Clair, and Monroe Counties to impose a ¼
-cent sales tax to fund levee repairs to protect more than
4,000 businesses and 150,000 residents from a 100-year
flood. The tax would generate the $180 million needed to fix
these levees, and then sunset when the reconstruction work is
finished. The County Boards in each county must ratify the tax.
The repair of these levees became a top
regional priority when FEMA announced last summer that much of
the Metro East would be declared a flood hazard area in the new
flood insurance maps. Passage of the bill is one of many
actions underway to protect the region, home to
major employers such as ConocoPhillips, U.S.
Steel, and Midcoast Aviation. East-West Gateway applied to FEMA
to designate the area as a Restoration Zone, which would allow
residents and businesses to purchase flood insurance at lower
rates. A task force of local business, labor and government
leaders are meeting to develop a 10-year levee improvement
plan. FEMA's first draft of the maps is expected to be released
in early summer.
Senate
Bill 2052 will be sponsored by Rep. Dan Beiser (D-Alton) in the
House. As a top legislative priority, the RCGA will
inform Illinois House members on the importance of this bill to
the economic growth of Southwestern Illinois. The RCGA commends
Senator Haine and the bill's co-sponsor, Senator James Clayborne
(D-East St. Louis), for their leadership on this bill.
The bill in the House is co-sponsored by Rep. Tom
Holbrook (D-Belleville), Rep. Ron Stephens (R-Highland), Rep.
Dan Reitz (D-Sparta), Rep. Jay Hoffman (D-Collinsville), and
Rep. Wyvetter Younge (D-East St. Louis).
|
 |
 |
 |
|
|
|
|
2008 RCGA Public Policy Speaker Series
Kicks-Off With Missouri Gubernatorial Candidates
U.S. Representative Kenny Hulshof
Leads Off Series with Breakfast Address on May
2nd
The RCGA Public Policy Speaker Series will
feature Missouri's gubernatorial candidates, with the first
address coming from U.S. Representative Kenny
Hulshof, candidate for the Republican Party
nomination.
Congressman Hulshof currently represents the
9th Congressional District, which covers St. Charles County to
Boone County and the counties in northeastern Missouri.
Elected to Congress in 1996, he serves on the House Ways and
Means Committee and on the Health and Trade Subcommittees.
He has also served on the House Budget Committee and the House
Ethics Committee. Prior to his election to Congress, Kenny
Hulshof was a Special Prosecutor for the Missouri Attorney
General's Office, prosecuting murder cases across the state.
The
other two candidates for Missouri Governor make their
presentations in June. State Treasurer Sarah
Steelman, running for the Republican Party
nomination, will give a breakfast
address on June 5th and Attorney General Jay Nixon,
seeking the Democratic Party nomination,
will speak at lunch on June 20th.
All three
events will be held at the Noonday Club, located on the 40th
floor of One Metropolitan Square. Cost for each event is
$25 per person for RCGA members and $40 for non-members, and
includes breakfast or lunch. To register, go to to the
RCGA Calendar of Events page at www.stlrcga.org/events. For more
information, contact Marlo Young at (314) 444-1134 or myoung@stlrcga.org.
|
 |
 |
 |
|
|
|
|
|
UPCOMING EVENTS
.
April 29: RCGA Environmental Council from 11:00 a.m.
to 1:00 p.m. at the One Metropolitan Square Conference
Center - Suite 990. Daniel Jay, a
LEED-registered architect from Christner,
and Monica Fries, an
environmental attorney, will provide an national
overview of sustainability initiatives in metropolitan
regions. A panel of local government officials will describe St.
Louis regional sustainability initiatives: Frank Miles,
Administrator of Madison County Planning and
Development Department, Tim Embree, St. Louis
Mayor Slay's Environmental Liaison, Dr. Dolores
Gunn, St. Louis County Director of Health
and Mike Duvall, St. Charles County
Director of Environmental Services. RSVP to Marlo Young
at myoung@stlrcga.org
or at (314) 444-1134
by Friday, April 25.
. April 30: RCGA
Legislative Breakfast at the Capitol Plaza Hotel in Jefferson
City from 7:00 a.m. to 8:30 a.m., sponsored
by Bank of America. For more
information and to RSVP, contact Marlo Young at
myoung@stlrcga.org or at (314) 444-1134 by Friday,
April 11.
. April 30: St. Louis Regional
Educational Roundtable - Early Childhood Education from
7:30 a.m. to 10:00 a.m. at the One
Metropolitan Square Conference Center - Suite 990. This
is the latest in a series of rountables hosted by the RCGA
and organized by the Friedman Foundation.
Program moderated by Betty Marver
of Grace Hill Settlement House and featuring panelists
Nancy Fisherman of Pennsylvania's Success by
Six and Johnnie Little, Assistant to MO Senator
Maida Coleman.
. May 2: RCGA Public Policy Speakers Series - Missouri
Gubernatorial Candidates. The first of the planned
addresses by each of the three major candidates for Missouri
Governor will be delivered by Missouri
Congressman Kenny Hulshof, a candidate
for the Republican nomination. The breakfast will be held
from 7:30 a.m. to 9:00 a.m. at the Noonday Club. Cost is $25 for
RCGA members and $40 for non-members. Complimentary admission
for all employees from the RCGA Government Affairs
Presidential Sponsors (see company logos at end of the
RCGAdvocate). To register, go the RCGA Calendar of Events page
at www.stlrcga.org/events. For more information
contact Marlo Young at myoung@stlrcga.org
or at (314) 444-1134.
. May 6: Small Business
Roundtable with U.S. SBA National Ombusdman Nicholas Owens
from 8:00 to 9:30 a.m. at the Center for Emerging
Technologies, 4041 Forest Park Avenue in St. Louis. Mr. Owens
will discuss how small business owners can more effectively
deal with federal agency regulatory requirements. RSVP to Eric
Schneider at eschneider@stlrcga.org or
(314) 444-1148.
. May 14: 16th
Annual Illinois House-Senate Softball Game, sponsored by the
RCGA, at Lincoln Park in Springfield. Come watch the
members of the Illinois General Assembly battle to defend their
legislative chamber's honor. For more information, contact Kevin
Riggs at kriggs@stlrcga.org or (314)
444-1107.
. May 20-21: Midwest Energy Policy, Climate
Change, and Energy Security Conference at
the Missouri Botanical Garden, 4344 Shaw Boulevard in St.
Louis. Conference panelists will discuss climate policy at
the federal, state, and local level, energy security, greenhouse
gas emissions and carbon footprints, energy efficiency, and
regulatory/permitting issues. This conference event is
presented by the Regulatory Environmental Group for Missouri
(REGFORM). For more information and to register click here or contact Sallie Keeney at skeeney@regform.org or (573)
761-9322.
|
 |
 |
 |
|
|
 |

 |
The
RCGAdvocate is published periodically to inform RCGA members
and government officials about important public policy matters
at the state, federal and local levels. It seeks to provide
timely, in-depth coverage on regional issues, and, at times, to
call RCGA members to action. We welcome your comments and
suggestions.
Richard C.D.
Fleming ~ President & CEO ~ (314)
444-1100 ~ dfleming@stlrcga.org Chip Casteel ~ Senior V.P. of Public Policy ~ (314)
444-1107 ~ ccasteel@stlrcga.org
Susan Stauder ~ V.P.
of Infrastructure & Public Policy ~ (314) 444-1155
~ sstauder@stlrcga.org
Eric
Schneider ~ Senior Director of Public Policy Research ~ (314)
444-1148 ~ eschneider@stlrcga.org
Kevin Riggs ~ Director of Illinois
Government Affairs ~ (314) 444-1108 ~ kriggs@stlrcga.org
Christine Snively ~ Project Manager ~
(314) 444-1144 ~ csnively@stlrcga.org
Marlo Young ~ Executive Assistant
for Public Policy ~ (314) 444-1134 ~ myoung@stlrcga.org
|
 |
|
|
|
 |