State Grants $7M Tax Credit To Centene In Hopes Of Bringing 1,500 Jobs To Sacramento
If the health insurer picks Sacramento over Arizona, Texas or Illinois for its expanded business, it would represent one of the biggest economic development coups for the region in years.
Sacramento Business Journal:
Centene Corp. May Bring 1,500 Jobs To Sacramento
Managed health care company Centene Corp received a $7 million state tax credit on Thursday in return for bringing over 1,500 jobs to Sacramento. The deal is not done, however, as the Fortune 500 company is considering locations in different states, including Austin, Texas."If we win this project, this is one that California takes out of Austin's back yard," said Brook Taylor, spokesman for the Governor's Office of Business and Economic Development. On Thursday, a state panel awarded Centene $7 million in tax breaks in return for hiring over 1,500 jobs in Sacramento over the next four years. If the company chooses a different location, it would be disqualified from the tax break. (Young, 11/17)
Health Insurer Could Bring 1,500 Jobs To Sacramento
Backed by a state tax credit, the Sacramento region is in the running for 1,500 back-office jobs with a major health insurance company, including about 1,000 information technology jobs. With Sacramento bidding against Arizona, Texas and Illinois, the Governor’s Office of Business and Economic Development on Thursday approved a $7 million tax credit for Centene Corp., a St. Louis-area company that runs Medicaid programs for states. (Kasler, 11/17)