MO: Reeves-Wiedeman Co. Approved for State Tax Credits for Creation of 11 New Jobs, $1.9M New Investment
10 Feb, 2010
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.
Reeves-Wiedeman Co., Kansas City, has been approved for $74,009 in EEZ state tax credits over a five-year period for the creation of 11 new jobs and new investment of $1,931,408 at 3635 Main Street, Kansas City. The business operation at the project facility is the company’s headquarters.
“The Enhanced Enterprise Zone program has proven to be a vital economic development tool that continues to play a leading role in Missouri‘s ongoing economic rebound,” Missouri Department of Economic Development Director David Kerr said. “DED is pleased to utilize this program to assist Kansas City’s economic development efforts.”
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.