Mo. Rev. Stat. ch. 620 – Department of Economic Development | Midpage

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Revised Statutes of Missouri

Chapter 620

Mo. Rev. Stat. ch. 620

Department of Economic Development

620.010Department of economic development created — divisions — agencies — boards and commissions — personnel — powers and duties — rules, procedure 620.014Records on financial investments, sales or business plans to be deemed closed records, when 620.015Administrative fund, uses, administration of 620.016Job training or development contracts or reimbursement for services, department to reimburse contractors 620.017Grants, loans or other financial assistance or services programs, funds to be used solely for required purpose, certain information required — failure to comply, funds must be repaid to department, contract law governs — annual report required, elements 620.020Business relocating outside state to be furnished information and alternatives on request 620.030Department's authority to contract with certain entities and organizations for technology and technology development services 620.035Duties as to energy activities — department may enter into contracts and agreements, when 620.1000Definitions 620.1001Small business development fund created — distribution — lapse into general revenue prohibited, exception — interest and income to be credited to fund 620.1003Centers, duties and powers 620.1005Governmental agencies to supply reports, statistical data and other materials — publication of data by director, costs 620.1007Annual report to whom 620.1020Business extension service team program created, purpose, duties — expenses 620.1023Business extension service team fund created — qualified community development projects — department's authority to contract directly, purpose — lapse into general revenue prohibited 620.1025Director, duties 620.1027Teams, duties 620.1028Selection of team members — factors, provision of productivity assessment 620.1029Rulemaking, procedure — information relating to request for assistance from business extension service team to be confidential 620.1030New jobs fund created — sources, uses, conditions — conditional effective date 620.1037Twenty-first century communities demonstration project established — purpose — rulemaking, procedure 620.1039Qualified research expenses —definitions — tax credit, exception — certification by director of economic development — transfer of credits, application, restrictions and procedure — rules — limitations on credit — sunset provision 620.1045Citation of law 620.1048Definitions 620.1051Program loss reserve account set aside, amount — certification, transfer of amount — recovery of losses 620.1053Deposit of funds, interest — control of account — use of funds 620.1055Capital access program fund created 620.1058Use of loans — amount — limitation 620.1060Prohibited loans — definitions 620.1063Withdrawal from program, effect — withdrawal of funds — examination of accounts authorized 620.1066Rulemaking procedure 620.1069Microenterprise loan program — definitions, purpose — oversight committee, duties 620.1072Microenterprise loan fund created — purpose — lapse into general revenue prohibited — percentage to be reserved for female-owned microenterprises 620.1075Standards for eligibility of lenders and borrowers — rules promulgation procedure — rules invalid, when 620.1078Distribution of moneys — interest — categories of permissible loans 620.1081Determination of basic policy, rules 620.1100Youth opportunities and violence prevention program established, purpose — advisory committee defined, members, appointment — fund, establishment, administration — program criteria, evaluation — database, development, operation 620.1103Department may assign moneys, limitations — agreement, audit authorized — repayment of funds 620.1200Missouri film commission established — members — terms — compensation, reimbursement — duties — recommendations submitted, when 620.1210Commission duties and objectives — coordination with local film offices 620.1220Location of commission, promotion of film by other state agencies, transfers of staff by other agencies 620.1230Personnel provided by department of economic development 620.1240Administration by director, rulemaking authority 620.1300Cost benefit analysis on certain programs, selection of analyzing firm, distribution of analysis — subjects analyzed 620.1350Investment funds service corporation may make annual election to compute income derived within state — procedure 620.1355Director to certify corporations — factors to be considered — certificate issued when — failure to qualify, applicant's right of appeal — nonresident corporations, director may issue opinion, when 620.1360Application for certificate, director to develop — rules promulgation procedure — rules invalid, when 620.1500Governor's advisory council on agriculture science and technology created, members, duties, expenses 620.1580Advisory committee for electronic commerce established, members, terms, meetings 620.1620Major conventions — definitions — fund created — issuance of grants, procedure — report — refunds — sunset provision 620.171Export development office created, purpose — powers and duties 620.1875Title of law 620.1878Definitions 620.1881Project notice of intent, department to respond with a proposal or a rejection — benefits available — effect on withholding tax — projects eligible for benefits — annual report — cap on tax credits — allocation of tax credits 620.1884Rulemaking authority 620.1887Quality jobs advisory task force created, members 620.1890Report to the general assembly, contents 620.1900Fee imposed on tax credit recipients, amount, deposited where — economic development advancement fund created, use of moneys 620.1910Citation of law — definitions — qualified manufacturing company and suppliers, retention of withholding taxes, when — maximum retention amount — rulemaking authority — agreement required — report required — sunset provision 620.2000Citation of law 620.2005Definitions 620.2010Retention of withholding tax for new jobs, when — tax credits authorized, requirements — alternate incentives 620.2015Relocation of business, factor in determining eligibility — benefits, requirements — written agreement required 620.2020Participation procedures, department duties, qualified company or qualified military project duties — maximum tax credits allowed, allocation — prohibited acts — report, contents — rulemaking authority — sunset date 620.2100Commission established, members — fund established — duties of commission — expiration date 620.2200Citation of law — commission established, members, meetings — fund created, use of moneys — report — termination date 620.2250Citation of law — definitions — TIME zones, procedure to establish — state withholding tax agreement, requirements — fund created, use of moneys — annual report, contents — rules 620.2300Definitions — applications process 620.2400MERVN established, management of, purpose, requirements — report required 620.2450Program established, expanded access to broadband internet service — definitions 620.2451Grants, use of moneys — recordkeeping requirements — failure to use grant moneys for specific purpose 620.2452Eligible applicants 620.2453Application, contents 620.2454Criteria, scoring system, and list of underserved areas, department to publish on website — challenges, evaluation of 620.2455Prioritization of applications — ranking of applicants, system used 620.2456Connect America Fund, no grants awarded — limitations on grant amount — limitations on grant requirements 620.2457Grant application and award information to be posted on website 620.2458Rulemaking authority 620.2459Sunset provision 620.2465Program to increase high-speed internet access — rules 620.2468Site inspection 620.2475Aerospace projects, certain state benefits considered in determining aggregate benefits eligibility — reports 620.2500Employer reimbursement for employee upskill credentials — definitions — fund created — application criteria — requirements — rulemaking — sunset date 620.2600Tax credit authorized — definitions — eligibility — rulemaking authority — sunset provision 620.3100Office to be established, purpose, subject to appropriations 620.3210Citation of law — definitions — fund created, use of moneys — tax credit for donations, amount, procedure, cap — rulemaking authority — sunset provision 620.3250Boots-to-business program, veteran-owned small businesses — assignment of a mentor — rulemaking authority 620.3300Citation of law — definitions — program established, purpose — fund created, use of moneys — grants — rulemaking authority 620.3305Program established — definitions — fund created, use of moneys — grant disbursement — rules 620.3500Citation of law 620.3505Definitions 620.3510Certification of capital investments, application, procedure 620.3515Cap on capital investment authority — issuance and receipt of cash, when — lapse, when — request for opinion 620.3520Tax credit earned, when — credit nonrefundable or sellable — recapture, when 620.3525Prohibited acts 620.3530Report, contents — program considered a business tax recruitment tax credit — exit of program request — sunset provision — rulemaking authority 620.3800Office of entrepreneurship created, purpose, duties 620.3900Citation of law — definitions 620.3905Creation of regulatory relief office and appointment of director 620.3910Creation and duties of advisory committee 620.3915Application requirements 620.3920Scope of the regulatory sandbox 620.3925Consumer protection for regulatory sandbox 620.3930Requirements for exiting regulatory sandbox — record keeping and reporting requirements 620.425Historic legacy trails recognized — department to ensure signage along each trail 620.450Executive department to promote tourism 620.455Tourism commission, members, qualifications, terms, reports required, expenses 620.460Director, qualifications, compensation — staff, compensation — employed under merit system 620.465Powers of division 620.466Definitions — tourism marketing fund, established, purpose, administration, investment — powers of tourism commission — royalty payments required, when — state exemption from taxes 620.467Division of tourism supplemental revenue fund created — use of fund — lapse to general revenue prohibited — funding — effective and expiration dates 620.484Free public employment offices 620.490Rulemaking authority, coordination of state and federal job training resources 620.495Small business incubator program — definitions — tax credit 620.500Small business assistance office established in department — regional offices — staff duties 620.503Small business assistance offices established in institutions of higher education to contract with department, purposes, procedure 620.511Board established, purpose, meetings, members, terms, compensation for expenses 620.512Bylaws to be established — restriction on operations of board — rulemaking authority 620.513Duties of the board, report — limitation on authority 620.515Show-Me heroes program established to assist active duty military personnel and members of the National Guard and their families — eligibility, benefits, grants — rulemaking authority 620.552Citation of law 620.554Youth service and conservation corps established 620.556Definitions 620.558Programs — participation 620.560Community services and conservation program 620.562Summer employment program — at-risk participants, remediation 620.564Youth volunteer program 620.566Administration of programs — rules and regulations — application, contents, review 620.568Administration by project sponsor — administrative expenses 620.570Evaluation of programs — interagency cooperation — "Show-Me" employers 620.572Allocations for operation of corps 620.574Youth service and conservation corps fund created — sources, administration 620.580Citation of law 620.582Definitions 620.584Commission assigned to department of economic development — purpose of commission 620.586Commission members, terms, expenses, officers, meetings 620.588Commission powers and duties 620.590Information sharing and cooperation — coordination of effort, when 620.592Fund created, use of moneys — annual report 620.635Title of law 620.638Definitions 620.641Transfer of board duties to Missouri technology corporation 620.644Development of Missouri seed capital and commercialization strategy, required contents — no tax credits issued until corporation approves strategy tax credit maximum — corporation to approve managers of qualified funds — rulemaking authority, procedure — reporting requirements of corporation — qualified fund to provide annual audited financial statements 620.647Corporation to authorize contractual agreements for qualified economic development organizations — qualified funds to contract with at least one qualified economic development organization, required provisions — payment of distributions to qualified economic development organizations, use of payments, restrictions 620.650Purpose of qualified funds — tax credit for qualified contribution to qualified fund, amount, application, restrictions — tax on qualified funds uninvested capital, amount, distributions deemed made at end of tax year 620.653Corporation to approve one qualified fund — transfer of powers — corporation to approve professional fund manager for the qualified fund it approves 620.750Grants authorized, qualified rural regional development groups, duties — grant procedure — use of grant moneys — report — rulemaking authority 620.800Definitions 620.803Training program established, purpose, funding — rulemaking authority — bankruptcy, notification required — repayment of benefits, when 620.806Missouri one start job development fund established, use of moneys — rulemaking authority 620.809Community college funds created, use of moneys — forms — establishment of projects, procedure, requirements — funding options — issuance of certificates — sunset provision 620.850Citation of law — definitions — commission established, members, bylaws — report, contents — grant program — fund, use of moneys — rules 620.990Bylaws and rules authorized