MO: ConAgra Approved for Tax Credits for Jobs Creation, New Investment
4 Apr, 2010
The Missouri Department of Economic Development (DED) has announced approval of state tax credits for a Macon business under the Enhanced Enterprise Zone (EEZ) program to assist in the creation of new jobs and investment.
Macon is a Downtown Revitalization and Economic Assistance for Missouri (DREAM) community.
ConAgra of Macon has been approved for $451,399 in EEZ tax credits over a five-year period for the creation of 10 new jobs and new investment of $23 million for the expansion facility located at 204 Vine Street, Macon.
The Enhanced Enterprise Zone program was implemented in 2004. Enhanced enterprise zones are specified geographic areas designated by local governments and certified by the Department of Economic Development. Zone designation is based on certain demographic criteria, the potential to create sustainable jobs in a targeted industry and a demonstrated impact on local cluster development.