Modifies incentives for business development

This bill modifies the definitions and criteria used by the Missouri Department of Economic Development to determine eligibility for business development incentives. It updates how "average wage" is calculated to include hourly rates and clarifies rules for counting full-time employees, specifically requiring that they receive health insurance with the employer paying at least half the premiums. The legislation also expands the definition of infrastructure projects to include broadband internet and revises requirements for military projects to ensure annual reporting on job numbers, salaries, and capital expenditures. Additionally, it adjusts how "new capital investment" is defined to include costs incurred after a company accepts a proposal for state benefits. These changes aim to provide clearer guidelines for businesses seeking financial support to create or retain jobs in Missouri.