MO: Gray Manufacturing Expanding in St. Joseph
30 Mar, 2011
The Missouri Department of Economic Development (DED) has announced approval of state tax credits for a St. Joseph business under the Enhanced Enterprise Zone (EEZ) program to assist in the creation of new jobs and investment.
Gray Manufacturing Company, Inc., St. Joseph, has been approved for $100,303 in EEZ tax credits over five years for the creation of 20 new jobs and new investment of $1.1 million for the expansion facility located at 3501 South Leonard Road, St. Joseph. The business operation at the project facility is 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.