SB 305 - This act creates nine "building excellence in science and technology districts" within the state to enhance the state's capacity for research, development, technology transfer, and technology commercialization. Each district will be overseen by a commission made up of four commissioners and one chairperson. The commission will receive, review, and prioritize applications for science and technology. The commissions will submit such applications to the Department of Economic Development for approval. Upon approval, the commission may enter into contracts, issue grants, and provide support to science and technology projects. Science and technology companies which meet eligibility requirements under the Missouri Quality Jobs Act may retain a maximum of five percent of new payroll and deposit it into the building excellence in science and technology fund for a period of fifteen years. Moneys placed into the fund will be distributed to the districts of the state to help fund future science and technology projects.
This act contains an emergency clause.