Enhanced Enterprise Zones are specified geographic areas designated by local governments and certified by DED to facilitate the creation of quality jobs by targeted business projects. The benefit of the EEZ is for new and existing businesses to take advantage of property tax credits on investments within the zone, such as expansion or relocation. The EEZ is an incentive tool used to attract new businesses and encourage local businesses to expand by providing property tax abatements. The eligible areas that have been identified are based on certain demographic criteria and the potential to create jobs. Eligible businesses may qualify for state income tax credits and property tax abatement. Unused EEZ tax credits may be refunded, sold, transferred or assigned.
EEZs in the KBRPC Region
KBRPC has been working with the counties in its region to establish Enhanced Enterprise Zones. The purpose of this effort is to create jobs and increase private investment within the encompassed communities. KBRPC has helped Bates, Cedar, Hickory, and St. Clair Counties establish their EEZs. Bates County’s EEZ has been active since 2012, and Cedar and St. Clair County’s EEZ have been active since July of 2014. Most recently established was the Hickory County EEZ, making all seven KBRPC counties designated EEZs. KBRPC looks forward to the opportunities the EEZ will bring to the region.
Bates County EEZ: For more information on the Bates County EEZ you can contact Bates County Economic Developer, Shayla Sparks via email at firstname.lastname@example.org, call (660) 464-2151, or click here for the Bates County EEZ Brochure.
Cedar County EEZ: For more information on the Cedar County EEZ you can contact Cedar County Economic Developer, Marge Vance at (417) 296-1109, via email at email@example.com or click here for the Cedar County EEZ flyer.
Hickory County EEZ: For more information on the Hickory County EEZ, contact Hickory County EEZ Administrator, Larry Wilson at (417) 777-1874, via e-mail at firstname.lastname@example.org, click here for the Hickory County EEZ brochure, or visit the Hickory County website hickorycomo.com/eez.
St. Clair County EEZ: For more information on the St. Clair County EEZ, contact St. Clair County Economic Developer, Sheridan Garman (417) 309-3862 or via e-mail at email@example.com.