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Film tax credit in Missouri is endangered – $4.5 million tax credit may be used for startups instead

November 28, 2010 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Missouri’s "Open for Business" sign in Hollywood may soon be coming down.

The $4.5 million tax credit designed to lure filmmakers here may get killed and replaced with an incentive to spur investment in startup companies. That’s the recommendation expected to emerge this week from a panel studying the state’s 61 tax credit programs and suggesting reforms to Gov. Jay Nixon.

By TIM LOGAN

Full Story: http://www.stltoday.com/business/local/article_40cc53a6-9a18-5e59-a1a5-d0d3001d9607.html