MO: DED awards $117,044 in Enhanced Enterprise Zone tax credits to Aurora business | Trade and Industry Development
 

MO: DED awards $117,044 in Enhanced Enterprise Zone tax credits to Aurora business

Aug 31, 2010

The Missouri Department of Economic Development (DED) has announced approval of state tax credits for an Aurora business under the Enhanced Enterprise Zone (EEZ) program to assist in the creation of new jobs and investment.

 

Mid-America Auto Lifts, Aurora, has been approved for $117,044 in EEZ tax credits over a five-year period for the creation of 27 new jobs and new investment of $1.8 million for the expansion facility located at 909 Industrial Drive, Aurora. The business operation will be 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