SCS/SB 184 - This act modifies several provisions relating to the Missouri Works Training Program. This act renames the program the Missouri One Start Program. Current law allows administrative expenses equal to fifteen percent of total training costs. This act limits such expenses to a reasonable amount determined by the Department of Economic Development. (Section 620.800)
In promulgating rules and regulations governing the Missouri One Start Training Program, this act requires the Department to consider such factors as the potential number of new jobs to be created, the amount of new capital investment in new facilities and equipment, the significance of state benefits to the qualified company's decision to locate or expand in Missouri, the economic need of the affected community, and the importance of the qualified company to the economic development of the state.
This act allows the Department to require a qualified business to repay all benefits if such business fails to maintain the new or retained jobs within five years of approval of benefits or if such business leaves the state within five years of approval of benefits.
This act allows the Department to contract with other entities, including businesses, industries, other state agencies, and political subdivisions of the state for the purpose of implementing a training project under the program. (Section 620.803)
Upon appropriation of funds to the Missouri One Start Job Development Fund, this act allows a local education agency to petition the Department to utilize the Fund to create or improve training facilities, equipment, staff, expertise, programming, and administration. The Department may award moneys from the Fund for reimbursement of training project costs and services as it deems necessary. (Section 620.806)
This act gives the Department the discretion to determine the appropriate amount of funds to allocate to a training project from the Missouri One Start Community College New Jobs and Retained Jobs Training funds.
Any agreement or obligation entered into by the Department that was made under the provisions of the Missouri Works Training Program prior to the effective date of this act shall remain in effect according to the provisions of such agreement or obligation. (Section 620.809)
These provisions are identical to provisions contained in HCS/SB 68 (2019) and SS/HCS/HB 255 (2019), and are substantially similar to HCS/HB 469 (2019).
JOSHUA NORBERG
HA 1 - THIS AMENDMENT CHANGES THE TITLE FROM "RELATING TO JOB TRAINING" TO "RELATING TO WORKFORCE DEVELOPMENT".
HA 2 - THIS AMENDMENT ALLOWS THE DEPARTMENT OF ECONOMIC DEVELOPMENT TO OFFER TAX CREDITS FOR A FIVE YEAR PERIOD FOR QUALIFIED MANUFACTURING COMPANIES THAT MAKE A MANUFACTURING CAPITAL INVESTMENT OF AT LEAST $500 MILLION, WITH AN ADDITIONAL FIVE YEAR PERIOD OF TAX CREDITS IF THE QUALIFIED MANUFACTURING COMPANY MAKES AN ADDITIONAL MANUFACTURING CAPITAL INVESTMENT OF A LEAST $250 MILLION.
HA 3 - THIS AMENDMENT MODIFIES THE NEW BUSINESS FACILITIES TAX CREDIT BY MODIFYING THE DEFINITION OF "NEW BUSINESS FACILITY INVESTMENT" TO INCLUDE PROPERTY ACQUIRED BY PURCHASE, LEASE, OR LICENSE, INCLUDING THE RIGHT TO USE SOFTWARE AND HARDWARE VIA ON-DEMAND NETWORK ACCESS TO A SHARED POOL OF CONFIGURABLE COMPUTING RESOURCES.
HA 4, AS AMENDED - THIS AMENDMENT MODIFIES THE MISSOURI WORKS PROGRAM BY PROVIDING REQUIREMENTS THAT QUALIFIED COMPANIES MEET CERTAIN MINORITY HIRING EFFORTS.
HA 5 - THIS AMENDMENT REQUIRES QUALIFIED COMPANIES TO SUBMIT DATA BY MONTH IN THE ANNUAL REPORT REQUIRED UNDER THE MISSOURI WORKS PROGRAM AND REQUIRES SUCH COMPANY TO MEET PROGRAM REQUIREMENTS IN EACH MONTH COVERED IN SUCH REPORT IN ORDER TO RECEIVE BENEFITS.