Enterprise zone wins approval in Holts Summit
Tuesday, July 26, 2011
After a brief debate about the true benefit of a tax credit and abatement program, the Holts Summit Board of Aldermen on Monday approved an Enhanced Enterprise Zone within city limits.
The zone is part of a Missouri Department of Economic Development program, which provides tax credits, coupled with local real property tax abatements, to businesses that bring sustainable jobs to a community.
Before the measure was approved, Alderwoman Pamela Murray asked what kind of jobs would be brought in.