Springfield, Missouri The Official Economic Development Site for the Springfield Metro Region

Enchanced Enterprise Zone

Creating and retaining new jobs is a priority for the City of Springfield and its economic development partners, the Springfield Area Chamber of Commerce, the Springfield Business and Development Corporation, City Utilities of Springfield, and Greene County.   The Enhanced Enterprise Zone is a key  component of the Partnership’s incentive program for encouraging investment and job creation. The zone allows for local real property tax abatement and can provide saleable state tax credits.

Overview

The Springfield Enhanced Enterprise Zone was officially designated by the Missouri Department of EconomicDevelopment on July 20, 2005. The Zone encompasses 68 square miles in Springfield and unincorporated Greene County as well as a small segment of the community of Battlefield. The area within the zone has higher than average unemployment and the purpose of the zone is to stimulate business investments and promote the creation of jobs in such areas. Much of the Enhanced Enterprise Zone was previously included in the original Enterprise Zone, designated in 1984. Springfield’s Enterprise Zone has been a leader in job creation and new business investment in the State. From 1984 to 2004, the Springfield Enterprise Zone facilitated 485.5 million dollars of investment and resulted in the creation of 6,340 new jobs.

The Springfield Enhanced Enterprise Zone encompasses a large amount of availablecommercial and industrial property. The zone has an abundance of prime industrial sites available for development, most with a full range of public services including convenient access to interstate highways, rail service, air transportation, and telecommunications. A seven-member board and the City of Springfield Planning and Development Department administer the Enhanced Enterprise Zone Program.

Authority for the Enhanced Enterprise Zone is contained in Chapter 135 of the Revised Statutes of Missouri. The Act authorizes state tax credits and local property tax abatement. To qualify, a sole proprietorship, partnership, or corporation must meet all the requirements of the EnhancedEnterprise Zone.

More detailed information can be found in the below downloads.

• Enhanced Enterprise Zone Brochure
• Detailed EEZ Map [link to map room]
• Property Tax Rates
• Missouri EEZ Summary
• Annual Reports