| State: |
MO |
| Incentive Type: |
Special Purpose Zone Incentives and Credits |
| Incentive Title: |
Enterprise Zone Credits |
| Description: |
ENHANCED ENTERPRISE ZONE: An economic development program that provides tax credits to businesses expanding or relocating to a Missouri Enhanced Enterprise Zone. Agreement may be for 10 years once project is implemented. Tax credits are earned when the business creates 2 new jobs and makes $100,000 eligible investment. Credits may be used only in the year they are earned. Unused credits are refundable or they may be sold, transferred or assigned for not less than 75% of their value. |
| Eligibility Requirements: |
Eligibility of a business is determined by the economic impact of the project and the number of sustainable jobs created. Service industries are eligible if a majority of their clients are out-of-state. Gambling establishments, retail trade, and food and drinking places are not eligible.
|
| Geographic Restrictions: |
Located in Enhanced Enterprise Zone |
| Granting Authority: |
Department of Economic Development |
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