Legislator wants Nixon to cut stimulus money for Kokam battery plant - Dayton Business Journal:

http://www.housebrowse.com.au/authors/author-35.html
Kokam’s , to be dubbed Summit Battery Park, woulrd employ an estimated 900 people with average annuap salariesof $40,000. Kokam President Don Nissankas has said he hopes to break grounf before the end of the probably at a site of more than 40 acresz in the vicinityof Kokam’s current 50,000-square-foot Lee’s Summirt plant. Nissanka was out of the countrt Mondayand couldn’t be reached for comment. a startup founded in October burst into the limelightthis year.
picked Kansaw City for an assemblhy facility largely becauseof Kokam’s And with federal stimulus dollars and state money seeking advanced-battery-makers, a jointr venture involving Kokam landed a commitment in Aprilp of nearly $145 million in incentives from Michiga n to build a battery plant ther e that’s similar to the one plannex locally. The group also applies for federalstimulus money. Schaefer, sent a letter to Nixon on Thursdayt proposing that financing be cutby $11.5 million combinedr for Kokam’s Lee’s Summit plant and another batterg plant in Joplin to help preserve $31.
2 million in financinhg for the in which Schaefer called the cornerstone of a $200 million hospitak project. “Every indication that I’m gettin g is that (Nixon) intends to veto the money for the Schaefer said, adding that Nixon’s veto probablg would kill the entire $200 million “Spending public funds on a cancer hospital ownec by the citizens of Missouri is alway going to win out over giving public funds to a private company for a battery plant,” Schaefer said.
“Nobodyh has told me that the lower amounyt wouldkill (Kokam’s Lee’s Summit) Nixon spokesman Scott Holste said the governor will have an announcementg about the budget bill before June 30, the end of Missouri’xs fiscal year. Nixon and his staff have been reviewing the budgetbill “linew by line to determine what the stated can afford,” Holste said, and they want to keep centrap services in place. Jim Devine, CEO of the l, said he though Schaefer’s proposal was “not as a threat as the EDC first “but you never know in politics.
” The EDC issuee a release Friday encouraging Nixonb to keep theKokam plant’s financin fully in place.