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P&G To Get Tax Credit for Expansion

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By: TOM BRANNA

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The Missouri Department of Economic Development will give Cincinnati, OH-based Procter & Gamble Manufacturing $500,000 in state tax credit to expand its St. Louis facility. The Development Tax Credits was approved in part because P&G made a donation exceeding $1 million to the St. Louis Local Development Co. for equipment that will be leased back for at least five years. P&G will use the equipment to establish new product lines. The tax credit program provides up t...

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