[R.O. 2006 § 130.180; Ord. No. 509 §§ 1 — 3, 2-1-2010]
A.
An enhanced business enterprise will be eligible for the tax abatement provided in Subsection (B) of this Section if the business enterprise meets the criteria established in Sections 135.950 through 135.973, RSMo., and;
1.
The enhanced business enterprise locates, makes improvements, or expands, within the geographic boundaries of the Pulaski County Enhanced Enterprise Zone, as designated by the State of Missouri (hereinafter referred to as the Zone) after the date of such designation.
a.
The business activities within the Zone are properly categorized in one (1) of the following qualifying industries defined in the 197 Edition of the North American Industry Classification System as prepared by the Executive Office of the President, Office of Management and Budget (NAICS). Any NAICS sector, subsector, industry group or industry identified in this Section shall include its corresponding classification in subsequent Federal industry classification systems:
11. | Agriculture, Forestry, Fishing and Hunting |
21. | Mining |
22. | Utilities |
23. | Construction |
31 — 33. | Manufacturing |
42. | Wholesale |
48 — 49. | Transportation and Warehousing |
51. | Information |
52. | Finance and Insurance |
53. | Real Estate, Rental, and Leasing |
54. | Professional, Scientific and Technical Services |
55. | Management of Companies and Enterprises |
56. | Administrative and Support and Waste Management and Remediation Services |
62. | Health Care and Social Assistance |
71. | Arts, Entertainment and Recreation, excluding gaming operations (NAICS 7132) |
81. | Other services (except religious organizations (NAICS 7131) |
b.
The business activities within the Zone produce value added agricultural products as defined in Section 348.015(14), RSMo.
B.
In accordance with Chapter 135, Sections 135.950 through 135.973, RSMo., a business enterprise will be eligible for abatement of taxes on improvements made to real property in an amount ranging from fifty percent (50%) to one hundred percent (100%) for a term of not less than ten (10) years but not more than twenty-five (25) years.
C.
Abatement of taxes on improvements made to real property for a business enterprise will be handled as part of an "incentive package" that may be offered to an eligible business based on a set of incentive calculation factors.
1.
The factors that will be considered in the incentive calculation include:
a.
Average wages sustained over a five-year period from date of operation commencement.
b.
Amount of investment in plant and equipment.
c.
Value of the fringe benefit package.
d.
Jobs created or retained.
e.
Economic impact on the community and return on the public investment.
f.
Bonus discretionary factors.
2.
Points are assigned to each category and then totaled. The total is then matched to an incentive table that will indicate a dollar value for the incentive package. The business in concert with Pulaski County Growth Alliance (PCGA) will then determine the mix of incentives.
3.
The assignment of the bonus points will be at the total discretion of Pulaski County Growth Alliance (PCGA).
4.
The Pulaski County Growth Alliance (PCGA) will present their recommendation to the Pulaski County Enhanced Enterprise Zone Committee.
5.
The Pulaski County Enhanced Enterprise Zone Committee will process the application and forward the application to the appropriate places.