Taxes

Auditor: Missouri Too Indiscriminate With Tax Incentives

The state handed money to iffy companies with little or no due diligence

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Democratic Gov. Jay Nixon's Department of Economic Development and its lucrative tax incentives have led, in part, to a failed industry and a CEO facing criminal charges, state Auditor Thomas Schweich says.

Schweich, in a report released Wednesday, says the DED's division of Business and Community Services "failed to perform due diligence" on various projects, including the recruitment of Mamtek USA to Moberly.