MO: Loxcreen Co. approved for Enhanced Enterprise Zone Tax Credits; Create 49 New Jobs; Invest $1.5M
17 Mar, 2010
The Missouri Department of Economic Development (DED) has announced approval of state tax credits for a Hayti business under the Enhanced Enterprise Zone (EEZ) program to assist in the creation of new jobs and investment.
The Loxcreen Company, Inc., Hayti, has been approved for $94,289 in EEZ tax credits over a five-year period for the creation of 49 new jobs and new investment of $1.5 million. Business operations will be aluminum products manufacturer.
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.