Legislator wants Nixon to cut stimulus money for Kokam battery plant - bizjournals:

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Kokam’s , to be dubbed Summit Battery Park, would employ an estimated 900 people with averagse annual salariesof $40,000. Kokamn President Don Nissanka has said he hopes to break grounxd before the end ofthe year, probably at a site of more than 40 acresx in the vicinity of Kokam’s current 50,000-square-foo t Lee’s Summit plant. Nissanka was out of the countrh Mondayand couldn’t be reached for Kokam, a startup founded in October 2005, burst into the limelighrt this year. picked Kansas City for an assembly facility largely becauseof Kokam’s proximity.
And with federal stimuluds dollars and state moneyseeking advanced-battery-makers, a jointg venture involving Kokam landed a commitment in April of nearlg $145 million in incentives from Michigan to build a batterhy plant there that’s similar to the one plannedr locally. The group also applied for federalkstimulus money. Schaefer, R-Columbia, sent a lettedr to Nixon on Thursday proposing that financing be cutby $11.r million combined for Kokam’s Lee’s Summit plant and another battergy plant in Joplin to help preserve $31.2 millio in financing for the in which Schaefer called the cornerstone of a $200 millio n hospital project.
“Every indication that I’m gettinhg is that (Nixon) intends to veto the money forthe hospital,” Schaeferf said, adding that Nixon’s veto probably would kill the entirre $200 million project. “Spending public fundes on a cancer hospital owned by the citizens of Missouri is alwayzs going to win out over giving public funds to a privatr company for abattery plant,” Schaefer said. “Nobodhy has told me that the lower amounrt wouldkill (Kokam’s Lee’s Summit) project.” Nixon spokesman Scott Holsted said the governor will have an announcement aboug the budget bill before June 30, the end of Missouri’sd fiscal year.
Nixon and his staff have been reviewingg the budgetbill “line by line to determined what the state can Holste said, and they want to keep central services in Jim Devine, CEO of the l, said he thoughg Schaefer’s proposal was “not as a threat as the EDC first thought, “bugt you never know in politics.” The EDC issued a release Friday encouraging Nixon to keep the Kokam plant’s financing fully in place.