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Current as of January 01, 2023 | Updated by FindLaw Staff
Upon the request of the president or chief executive officer of a Missouri based business, the department of economic development shall, to the maximum extent practicable, gather information from the business if it is likely to significantly reduce the number of persons employed in a city or county by ceasing to operate, relocating outside of the state, or significantly reducing the number of its active employees. The department of economic development shall:
(1) Develop and suggest alternatives to prevent a significant reduction in the number of persons employed in a city or county or to mitigate the economic effects of such a reduction;
(2) Assist interested parties in determining if employee ownership of a business is feasible and would prevent a significant reduction in the number of employees in a city or county;
(3) Assist in implementing alternatives developed pursuant to subdivisions (1) and (2) of this section;
(4) Gather information from each such business which significantly reduces the number of persons employed in a city or county by ceasing operation, relocating outside of the state, or significantly reducing the number of its active employees. Such information will describe resources, programs, or services, the availability of which would likely have prevented such a reduction in employment.
Cite this article: FindLaw.com - Missouri Revised Statutes Title XL. Additional Executive Departments § 620.020. Business relocating outside state to be furnished information and alternatives on request - last updated January 01, 2023 | https://codes.findlaw.com/mo/title-xl-additional-executive-departments/mo-rev-st-620-020/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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