House Pushes to Prevent Mamtek-like Problems

7 years 2 months 3 weeks ago Wednesday, April 25 2012 Apr 25, 2012 Wednesday, April 25, 2012 5:12:00 PM CDT April 25, 2012 in News
By: Megan Noe
loading

JEFFERSON CITY - In response to the failed Mamtek project in Moberly, the Missouri House gave first-round approval Wednesday to new, stricter requirements for companies requesting economic development incentives.

The measure would require state and local officials to share information they have about companies seeking development incentives. Specifically, executives of startup companies could be subject to financial background checks by the state.

Rep. Lyndall Fraker, R-Marshfield, voted against the measures, arguing that some things in the bill go too far in asking personal information of executives in companies that may want to relocate.

"It should be corporate information disclosed, not personal," said Fraker.

Proponents, though, hope the new mandates will help prevent Mamtek-like failures. Construction of the Mamtek U.S. Inc. factory stopped last fall after the sweetener company missed a payment on $39 million in bonds issued by the city.

The House must approve the legislation once more before the bill goes to the Senate.

More News

Grid
List
JEFFERSON CITY - The runway at Jefferson City Memorial Airport remains closed to traffic after a small plane overturned Saturday... More >>
1 hour ago Saturday, July 20 2019 Jul 20, 2019 Saturday, July 20, 2019 1:25:00 PM CDT July 20, 2019 in News
COLUMBIA — A Rolla man was sentenced to life in prison Friday for a 2017 shooting that killed two people.... More >>
18 hours ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 7:45:00 PM CDT July 19, 2019 in News
HOLTS SUMMIT - Police found explosives and an unknown substance in the back of a stolen van on Friday. ... More >>
19 hours ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 7:29:00 PM CDT July 19, 2019 in News
COLUMBIA - With excessive heat fixed over Mid-Missouri, senior citizens looked for a place to escape the heat on Friday.... More >>
1 day ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 1:45:00 PM CDT July 19, 2019 in News
JEFFERSON CITY - The Show-Me State games kicked off Friday morning at 11 AM with a Torch Run at the... More >>
1 day ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 1:44:00 PM CDT July 19, 2019 in News
COLUMBIA - Police arrested a man Thursday night after he allegedly went into a woman's apartment and sexually abused her.... More >>
1 day ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 9:06:01 AM CDT July 19, 2019 in News
INDIANAPOLIS (AP) — Prosecutors filed reckless homicide charges on Thursday against a Missouri semi driver for a highway construction zone... More >>
1 day ago Friday, July 19 2019 Jul 19, 2019 Friday, July 19, 2019 8:12:49 AM CDT July 19, 2019 in News
COLUMBIA — A Versailles man previously convicted of child molestation has been charged with possession of and promoting child pornography.... More >>
1 day ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 7:47:00 PM CDT July 18, 2019 in News
INDIANAPOLIS - The NCAA heard Missouri's appeal on Thursday after the school was handed a handful of penalties back in... More >>
1 day ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 6:49:00 PM CDT July 18, 2019 in Top Stories
BRANSON - One year ago Friday, 17 were killed when a duck boat sank during a thunderstorm on Table Rock... More >>
1 day ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 5:01:00 PM CDT July 18, 2019 in News
INDIANAPOLIS (AP) — Prosecutors filed reckless homicide charges on Thursday against a Missouri semi driver for a highway construction zone... More >>
1 day ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 4:09:00 PM CDT July 18, 2019 in Top Stories
COLUMBIA - The new AI face editing app FaceApp has become an instant hit with iPhone users. However, there are... More >>
1 day ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 3:45:00 PM CDT July 18, 2019 in News
COLUMBIA - An excessive heat warning is still in effect through Saturday and families should take precautions when playing on... More >>
2 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 1:55:00 PM CDT July 18, 2019 in News
JEFFERSON CITY- Treasurer Scott Fitzpatrick announced Thursday the creation of a new program to help small businesses and farmers after... More >>
2 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 12:37:00 PM CDT July 18, 2019 in News
COLUMBIA - The 35th anniversary of the annual Show-Me State Games kicks off Friday. Director, Dave Fox, said the... More >>
2 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 12:31:00 PM CDT July 18, 2019 in News
WASHINGTON (AP) — House Democrats approved legislation Thursday to raise the federal minimum wage for the first time in a... More >>
2 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 11:38:19 AM CDT July 18, 2019 in News
COLUMBIA, Mo. (AP) — Cooling centers are opening around Missouri as high temperatures and humidity create dangerous conditions. The... More >>
2 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 11:22:02 AM CDT July 18, 2019 in News
JEFFERSON CITY - State Auditor Nicole Galloway released her audit of the Lieutenant Governor's office while now-Governor Mike Parson was... More >>
2 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 10:43:00 AM CDT July 18, 2019 in News
Columbia, MO
Broken Clouds 92°
3pm 95°
4pm 95°
5pm 97°
6pm 95°