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Enterprise zone wins approval in Holts Summit

Enterprise zone wins approval in Holts Summit

July 26th, 2011 in News

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.