Governor Nixon signs a bill designed to help keep NGA in St. Louis

The bill would allow for additional tax increment financing for the site located in North St. Louis

June 23, 2015 | 2 min reading time

National Geospatial-Intelligence Agency logo

Missouri Governor Jay Nixon has signed a bill to help keep the National Geospatial-Intelligence Agency (NGA) in St. Louis, along with thousands of high-paying jobs.

The bill increases the amount of tax increment financing available. Under the law, Missouri will be able to contribute up to 50% of withholding revenues from the NGA, or $12 million per year. Right now, the state has a cap of $32 million in TIF per year, according to the bill.

NGA has outgrown its current location in south St. Louis.

It is currently considering whether to locate a new one-billion-dollar western headquarters and more than 3,000 jobs in Missouri or Illinois. 

A decision is expected next year. 

 

 

 
 
  • Department:
    Office of the Comptroller
  • Topic:
    Taxation and Revenue

Related Stories

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.