According to the St. Louis Business Journal, the Missouri Development Finance Board gave the final approval of close to $2.6 million in tax credits toward Scottrade’s $36.3 million expansion in the St. Louis suburb of Town and Country. Last September, Missouri officials gave preliminary approval to help Scottrade construct a 138,000-square-foot, 700-spot parking garage.
Some financial incentives received will be used to renovate the 25-year old building currently occupied by the firm with the majority of the tax credits being used for the parking garage. Being headquartered in St. Louis County and as one of the largest privately held companies in the area, Scottrade has promised to add over 500 local jobs in the next five years.
To read the full article from the St. Louis Business Journal, click here.