Agrium Advanced Technologies Approved for Tax Credits; Create 18 New Jobs; Invest $36M
5 Jul, 2009
DED awards $968,061 in Enhanced Enterprise Zone tax credits to Marston business for creation of new jobs, $36 million investment The Missouri Department of Economic Development (DED) announced approval of state tax credits for a Marston business under the Enhanced Enterprise Zone (EEZ) program to assist in the creation of new jobs and investment in the Marston area. Agrium Advanced Technologies has been approved for $968,061 in EEZ tax credits over a five-year period for the creation of 18 new jobs and new investment of $36 million for the expansion facility located at 566 County Road 406, Marston. The business operations at the project facility will be a controlled release fertilizer facility. “For Missouri’s economy to get back on track, we must do everything we can to create good-paying jobs and encourage economic development,” DED Director Linda Martínez said. “The Enhanced Enterprise Zone Program is another tool in DED’s toolbox that we are using to play an active role in enhancing city officials’ economic development efforts in Marston.” 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.