Praxair, Inc. Approved for EEZ Tax Credit; Invest $3M
2 Aug, 2009
The Missouri Department of Economic Development (DED) has announced approval of state tax credits for a Kansas City business under the Enhanced Enterprise Zone (EEZ) program to assist in the creation of new jobs and investment.
Praxair, Inc., Kansas City, has been approved for $92,913 in EEZ tax credits over a five-year period for the creation of three jobs and new investment of $3 million at 6701 St. John Avenue, Kansas City. The business operations at the project facility will be a manufacturing facility.
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.