MO: Enhanced Enterprise Zone Tax Credits to 2 Businesses for Jobs Creation, New Investment
14 Mar, 2010
The Missouri Department of Economic Development (DED) has announced approval of a total of $501,253 in state tax credits for two Kansas City businesses under the Enhanced Enterprise Zone (EEZ) program to assist in the creation of 100 new jobs and new investment of more than $4.6 million.
A2MG has been approved for $347,157 in EEZ tax credits over a five-year period for the creation of 65 new jobs and new investment of $3,440,000 at 8601 E US Highway 40. The business operations will be manufacturing.
Sellers & Marquis Roofing Co., has been approved for $154,096 in EEZ tax credits over a five-year period for the creation of 35 new jobs and new investment of $1,180,000. The business operations will be construction.
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.