New Legislation to Bolster Missouri Economy Making history is not always a good thing just ask General Custer. But this year, Gov. Carnahan and the General Assembly certainly made history, and it s the kind of history we like to see. Just two days before Christmas, a weeping economic development bill will take effect Senate Bill 1.
Most laws go into effect, usually quietly, without the general public knowing or caring.
SB 1 will probably be no exception. But for several reasons, it is history in the making. And not only does it effect everyone, its impact will carry on to succeeding generations. SB 1 directly addressed those concerns by giving us the tools to improve our industrial infrastructure, establish a funding source for early stage, high growth potential companies, and provide a program to return abandoned industrial property to productivity. Such programs are already in place in our competitor states, such as Indiana and Kentucky.