State approves $10 million tax credit for Centene expansion

The Missouri Development Finance Board approved Centene’s application for a $10 million BUILD Bond for the company’s planned expansion in downtown Clayton.

The BUILD program offers tax credits to help finance capital investments by companies looking to expand or locate in the state.

Centene, the managed care provider that has its headquarters in Clayton, has shared expansion plans that include office space, parking garages, hotel and residential space, a fitness center and a 1,000-seat auditorium. The project will create around 1,000 permanent and 476 temporary jobs in Missouri over the next three years, Centene said, and it’s valued  in excess of $771 million.

The company hopes to start the first phase of construction in December. Centene’s application states that the project should start operating in October 2019.

The project has faced pushback from some Clayton residents, who have complained of the view from their homes being blocked. The company representatives stated that no objection from the state is expected.

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