Hickory County, the cities within, and members of the Hickory County EEZ Board worked with Kaysinger Basin Regional Planning Commission to establish an Enhanced Enterprise Zone (EEZ) in order to create jobs and increase private investment within the county.

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.

In April 2015, Hickory County’s EEZ application was approved by the Missouri Department of Economic Development. The eligible areas identified for the EEZ are based on certain demographic criteria and the potential to create jobs. Most of Hickory County is eligible with the exception of an area surrounding the Pomme de Terre Lake, as shown on the map.

Businesses interested in taking advantage of these incentives can contact EEZ Administrator, Larry Wilson at larrydwilson@centurytel.net or (417) 777-1874.

Eligible facilities shall include those companies which operate in Missouri under the following North American Industrial Classification Codes (NAICS). The primary clusters include:

  • Agriculture, Forestry, Fishing and Hunting (NAICS 11);

  • Mining (NAICS 21);

  • Utilities (NAICS 22);

  • Construction (NAICS 22);

  • Manufacturing (NAICS 31 – 33);

  • Wholesale Trade (NAICS 42);

  • Transportation and Warehousing (NAICS 48 49);

  • Information (NAICS 51);

  • Finance and Insurance (NAICS 52);

  • Real Estate and Rental and Leasing (NAICS 53);

  • Professional, Scientific, and Technical Services (NAICS 54);

  • Management of Companies and Enterprise (NAICS 55);

  • Administrative and Support and Waste Management and Remediation Disposal Services (NAICS 56 with the exclusion of NAICS 562112-Hazardous Waste Collection, 562119-OIther Waste Collection, 562211-Hazardous Waste Treatment and, 562212-Solid Waste Landfill, 562213-Solid Waste Combustor and Incinerators, and 562219-Other Nonhazardous Waste Treatment and Disposal)

  • Health Care and Social Assistance (NAICS 62);

  • Arts, Entertainment, And Recreation (NAICS 71 with the exclusion of NAICS group 7132-Gambling Establishments);

  • Accommodation and Food Services (NAICS 72 with the exclusion of NAICS subsector 722-Food and Drinking Places);

  • Other Services (NAICS 81 with the exclusion of NAICS group 8131-Religious Organizations);

 

Those eligible facilities will receive abatement of property taxes for improvements made to real property as follows:

Minimum Requirements—As verified by Missouri DED: 2 New Full Time Employees AND $100,000 (min.) capital investment

50% abatement /10 years

5+ New Full Time Employees

15% Additional Abatement/10 years

10+ New Full Time Employees

17% Additional Abatement/10years

15+ New Full Time Employees

21% Additional Abatement /10years

25+ New Full Time Employees

23% Additional Abatement/10 years

50+ New Full Time Employees

50% Additional Abatement/10 years

100+ New Full Time Employees

50% Additional Abatement/15 years

250+ New Full Time Employees

50% Additional Abatement/15 years