Thu, Nov 26 2009
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Special session could be next for Quality Jobs legislation Rob O’Brian, president of the Joplin Area Chamber of Commerce, called the news about the EEZ a positive development because the current enterprise zones will expire in a few years. He also said the EEZ gives local officials more control over incentives offered to companies.
The EEZ Advisory Board can set a sliding scale of benefits for businesses moving into or expanding in the zone, so that tax breaks correlate to the size of the project. Businesses employing 10 people at 80 percent of the county’s average wage would qualify for a 60 percent reduction in real-property taxes for 10 years. But an industry employing 750 people at 140 percent of the county’s average wage would qualify for the maximum 20-year, 100-percent tax break. Benefits for businesses in the zone also include up to $1,200 in tax credits for each qualifying employee. EEZ benefits cannot be applied to retail businesses, food and beverage establishments or gaming operations. Targeted industries for benefits are manufacturing and food processing, transportation and distribution, office/computer software, medical labs and commercial machinery repair. Largent said the new AT&T call center being built near Interstate 44 and U.S. Highway 71 will benefit from the EEZ approval and he is currently working with another company that he wouldn’t name that he said could benefit from it as well. All inclusive Approved areas for the Enhanced Enterprise Zone include parts of Carthage, Webb City, Carterville, Duenweg, Duquesne, Fidelity, Dennis Acres, Shoal Creek Estates, Saginaw, Silver Creek and Joplin. The village of Loma Linda was dropped from the zone because of the lack of community support for the project. Source: Dick Largent, planning and community development manager for the city of Joplin. 
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