Question - Ford Motor Company is adding over 2,000 new jobs in their Claycomo Assembly Plant. The average wage will be $20 per hour. These wages would have a 6% Individual State Income Tax Rate per year. In addition, there would be a 1% state unemployment tax rate. The Ford plant is in Clay County where they pay $6,000,000 a year in corporate property taxes. New equipment would be added to the plant. This would raise the property taxes another $1,000,000 annually.
Now, every state and country in the U.S. wants these jobs. As the Missouri State Treasurer, how much are you going to give Ford to put those jobs here? How long of a commitment for those jobs would you consider?