MO: DED awards $119,204 in Enhanced Enterprise Zone tax credits to Triplett’s Hampton Alternative Energy Products
9 Aug, 2010
TRIPLETT, Mo. – The Missouri Department of Economic Development (DED) has announced approval of state tax credits for a Triplett business under the Enhanced Enterprise Zone (EEZ) program to assist in the creation of new jobs and investment.
Hampton Alternative Energy Products, LLC has been approved for $119,204 in EEZ tax credits over a five-year period for the creation of six new jobs and new investment of $4.2 million for the new facility located at 23551 Hwy 11, Triplett. The business operation will be manufacturing.
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.