True" serious science innovation requires reinvestment. We need to create a funding scheme to tap into the vast science and technology resources in Missouri. One untold story is the presence of talented industry clusters across the state, which can drive the future economy of Missouri. While traditional manufacturing has declined, we have potential in fields like agricultural science and animal science in the western part of the state. As we delve into this bill, we will discover the diverse talents and potential of different regions such as St. Louis, Columbia, northwest Missouri, Kansas City, and southwest Missouri. Each area can leverage our science and technology expertise to create jobs for the 21st century. This bill aims to allocate a small percentage of the new growth in gross wages generated by employees working in designated science and innovation fields. This reinvestment does not involve new taxes, as the additional revenue generated is used to foster future job growth and economic funding. The funding mechanism does not tap into existing general revenue funds. It establishes a baseline for existing state revenue in science and innovation jobs, and any new revenue above this baseline can be strategically invested. These investments can include commercializing research, developing innovative technologies, and creating Missouri-based technology companies. To compete with other regions, it is crucial to finance existing employers while creating high-paying jobs. We also need to ensure adequate venture capital for emerging companies. Despite the presence of research institutions in St. Louis, Columbia, Kansas City, and southwest Missouri, bringing their technology and expertise to market is often done in other states like Massachusetts, California, and Kansas. Additionally, this funding mechanism can support workforce training, attract scientists, and provide relocation incentives to companies. It is essential to find ways to encourage...
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