Mo. Gov. Nixon outlining business incentive plan

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JEFFERSON CITY, Mo. (AP) — Gov. Jay Nixon is outlining another prong of his economic development proposals for Missouri businesses.

Nixon scheduled news conferences Tuesday in Kansas City and Springfield on a plan to let existing businesses receive a larger-than-usual share of state tax incentives for expanding.

While many incentives focus on attracting new businesses to Missouri, Nixon says it’s also important to keep existing businesses from being lured to other states.

The proposal will be considered during the 2010 legislative session that starts Wednesday.