Gov. Jay Nixon visited the Missouri Plant Science Center last week to discuss the importance of passing the Missouri Science and Innovation Reinvestment Act (MOSIRA) as part of the Made in Missouri Jobs Package. The Missouri Senate overwhelmingly passed the Made in Missouri Jobs Package with a strong, bipartisan vote on Sept. 14.
During the visit, the governor discussed how MOSIRA and the Made in Missouri Jobs Package will create jobs by fostering scientific and technology innovation, while ensuring continued fiscal discipline and accountability with taxpayer resources. Gov. Nixon urged the Missouri House of Representatives to send a strong jobs package, which includes MOSIRA, to his desk in the coming days.
"From construction workers to lab techs to scientists with advanced degrees, passing this jobs package will create thousands of jobs in every corner of our state," Gov. Nixon said. "Here in Missouri, we must keep our economy moving forward by embracing science and technology and investing in research and development. This jobs package makes a smart, fiscally responsible investment in creating jobs today, and for generations to come."
One of the key pillars of the Made in Missouri Jobs Package, MOSIRA would create a funding source to spark growth in research and technology enterprises by capturing a small percentage of the growth in state revenue over a base year from a designated group of Missouri science and innovation companies. The Missouri Technology Corporation will administer the MOSIRA funds.
MTC will reinvest the MOSIRA funding through loans and other means to generate further economic growth in the science and innovation industry sectors, with emphasis on biotechnology and life sciences. Funding will be reinvested in a wide range of programs designed to create jobs, nurture start-ups, and bring science and technology companies to the state.
The Missouri Plant Science Center was established in 2010 and is a joint venture of the state's Missouri Technology Corporation, the University of Missouri system and the city of Mexico. The 25,000-square- foot facility houses traditional office space, wet and dry laboratories, and manufacturing equipment to process soybeans and other plant-based material into value-added products.
Source: Missouri Governor's Office