Audit blasts agency that promotes Missouri technology

Wednesday, December 1, 2010 | 3:41 p.m. CST; updated 8:04 a.m. CST, Thursday, December 2, 2010

JEFFERSON CITY — Missouri Auditor Susan Montee is criticizing a state-funded technology agency for conflicts of interest, misuse of money and general ineffectiveness at attracting business investments to Missouri.

Montee said Wednesday that the Missouri Technology Corp. had conflicts of interest involving, staff, board members, consultants and legal firms. She said the quasi-governmental agency paid unnecessarily high travel expenses and has failed in its goal of spurring investment in technology-based companies. She also accused agency staff of making political-based threats against the auditor's staff.

The Missouri Technology Corp. noted in a written response to the audit that it now has adopted a conflict of interest policy. It said the agency already has many outstanding accomplishments, but it's too soon to track the long-term success.

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