The Columbia business landscape hasn't always been as commercial as it is now. Mike Brooks has been a fixture in the city's business outlook for five years, but that reign is coming to an end as Brooks announced his retirement from Regional Economic Development Incorporated (REDI) Wednesday.
Sponsored by Eric Schmitt of St. Louis County, the Missouri Export Incentive Act would create some new tax incentives, and put caps on others. The bill creating new tax credits cleared a Senate committee Wednesday.
The bulk of the bill is dedicated to tax credits for technology facilities and data storage centers. Exporters and self-employed Missourians also would benefit.
In February, Regional Economic Development, Inc. proposed an Enhanced Enterprise Zone in Columbia. Facing a public backlash, city council has thrown out the original proposal, and will possibly start the process over, this time with more community input. In part three of her three part series, KBIA’s Sarah Redohl tells us some of the EEZ statute is tough to explain.
Regional Economic Development Inc., or REDI, proposed an Enhanced Enterprise Zone in Columbia in February. The state program offers tax incentives to businesses investing in economically depressed areas. On Monday, Columbia City Council voted to throw out the original proposal, and possibly start the process over. It’s not yet clear whether the same area would be proposed for an EEZ, but KBIA’s Sarah Redohl analyzed the old data to see how it measured up to the blight designation. She explains the original proposal didn’t include some of Columbia’s poorest neighborhoods.
A proposed enhanced enterprise zone in Columbia has generated a lot of discussion for the last few months. Concerns about the designation of blight required for the EEZ have been widely discussed in the news and at city council meetings. On Monday, Columbia City Council voted to throw out the original proposal and possibly start the process over. In part 1 of her 3 part series on the EEZ program, KBIA’s Sarah Redohl explores whether Columbia is different from other EEZs.