As Missouri continues the Governor’s Show Me Strong Recovery Plan, challenges emerge for the business community and the general public.
This is a difficult time for local businesses. People are so divided on the virus, the spread, the threats, the perceptions, and what our personal responsibilities should be today and moving forward. This has become a very political issue and opinions are getting more deeply entrenched every day.
Tax Increment Financing, or TIF, is back in the news.
TIF is a redevelopment tool designed to incent development in an area, or for a specific building, that is either stagnant or declining in value. The developer must submit an affidavit verifying the development could not take place without assistance.
We are wrapping up week one of Phase Two of the Show Me Strong Recovery Plan announced by Governor Parson.
Phase Two means Missouri is fully open and moving forward. The Governor based his decision on his four essential recovery pillars: expand testing capacity, expand reserves of PPE, continue to monitor and, if necessary, expand hospital and health care system capacity, and improve ability to predict potential outbreaks using Missouri's public health data.
This week brought mixed news to our area as the Governor extended Phase One of his Show Me Strong Recovery Plan.
The state of Missouri remains in Phase One until at least June 15th at which time Governor Parson will announce our next steps and what they mean for businesses and our communities. In the meantime, we are all urged to follow the recommendations outlined in his plan.