Missouri panel advises revamping investments to spur economy - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Missouri panel advises revamping investments to spur economy

(Source: KFVS) (Source: KFVS)

JEFFERSON CITY, Mo. (AP) - A taskforce appointed by Missouri's governor is recommending a professionally managed investment fund and a simplified tax code to help job growth in the state.

Republican Gov. Eric Greitens' Innovation Task Force on Wednesday announced those suggestions and dozens of other policy changes aimed at promoting new businesses, especially technology startups.

Task force members included Greitens' Department of Economic Development director, the state's chief operating officer and leaders at universities and private businesses. Republican and Democratic lawmakers also were on the panel.

Greitens on Wednesday praised a suggestion to revamp the Missouri Technology Corporation, a public-private partnership that invests in high-tech companies. The task force recommended a professionally managed investment fund.

Other recommendations include creating an office dedicated to expanding rural access to broadband and luring millennials to the state.

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