JEFFERSON CITY — The state is awarding a total of $380,000 in tax credits for expansions at two businesses in rural southern Missouri.
Gov. Jay Nixon traveled Thursday to Cuba, Mo., to announce that tax credits will help with a $5 million expansion at Meramec Electrical Products. He says the company plans to hire 37 more employees.
Nixon also went to Houston, Mo., to announce tax credits that will help with a $1 million renovation at Air Evac Lifeteam. He says the air ambulance company plans to add 85 employees.
Nixon says the expansions are signs Missouri's economy is rebounding.
Missouri's seasonally adjusted unemployment rate has been above 9 percent since April 2009.