| Enhanced Enterprise Zone application submitted Friday to state officials |
By: Darrell Todd Maurina
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PULASKI COUNTY, Mo. (Feb. 19, 2010) — Approval this week of an enhanced enterprise zone ordinance by the Richland City Council means all county governmental units have given the green light that allows state officials to consider an application for tax credits that could help businesses throughout Pulaski County.
The county’s other five cities and the county commission previously approved the requested ordinance.
“Since Tuesday, we’ve been packaging the application and this morning I delivered it to Jefferson City,” said Wayne Morgan, executive director of the Pulaski County Growth Alliance, during Friday night’s Chamber of Commerce award banquet.
Morgan said state officials tell him it may be possible to get the application approved more quickly than usual since approving tax credits is important to a specific business.
“Typically they’re saying that it takes 60 days to get the application approved, but it may be that since we have some prospects we can get it approved quicker than that,” Morgan said.
Morgan declined to specify the details of potential economic development projects, which is standard procedure if commercial businesses request confidentiality from government agencies.
“I won’t comment now on the properties, but there is a project that is waiting for this tax incentive to be authorized. Once we have that in place, then we can announce the company that will be receiving the tax incentives,” Morgan said. “There are a couple of companies in Dixon and certainly there are some that are eligible and it could be that they will be the first.”
Morgan declined to indicate whether the companies would have located in Pulaski County without the tax incentives.
“But we also have an expansion, and the expansion is something that helps existing businesses with this program as well as new businesses,” Morgan said.
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