Closing Deal of Industrial Rebirth in Mexico

1 decade 4 years 6 months ago Friday, November 04 2005 Nov 4, 2005 Friday, November 04, 2005 7:39:04 AM CST November 04, 2005 in News

"It hasn't changed hands yet, they're still doing surveys and those sorts of things but it's all approved and the contracts are signed," Mexico City Manager Tanna Parish said.

They said the owners will bring new jobs and a different type of industry to the plant that's been quiet for more than three years.

David Boone of the Mexico Economic Development said, "We can't say who it is yet, because it has to close, but we have some promising news that we hope to be able to report."

A. P. Green's buyers could be just in time to receive new tax incentives for bringing labor into one of Mexico's enhanced enterprise zones. Mexico's Economic Development Office identified these zones as areas with poor economic status. Big businesses who make Mexico home or existing businesses looking to expand will be eligible for tax breaks if the state approves Mexico's proposal.

"In the case of Mexico, we feel like we want to put ourselves in a position to compete for those jobs, so that's what we're doing," said Boone.

One buyer's already lined up, but city officials say more than one business may take advantage of the huge amount of land at this site.

"Some other users are going to come in behind the initial owner and look at redeveloping the entire site," Boone said.

City officials said they feel confident A.P. Green's owners are the first step in making Mexico's industrial past into a part of the future. Mexico city officials said the new incentives and A.P. Green's business deal will be finalized by the end of the year.  The factory shut down in 2002.

More News

Grid
List
COLUMBIA - Two hair stylists at the downtown location of The Clip Joint have tested positive for COVID-19, KOMU 8... More >>
1 hour ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 9:11:00 PM CDT May 29, 2020 in News
CAMDEN COUNTY, Mo. -- The Camden County Health Department said Friday a Boone County resident who has tested positive for... More >>
4 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 6:08:00 PM CDT May 29, 2020 in News
COLUMBIA — Love Coffee received a surprise $10,000 donation from the Veterans United Foundation on Tuesday. The nonprofit will use... More >>
5 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 4:37:00 PM CDT May 29, 2020 in News
COLUMBIA — As state and commercial testing is more available for the Missourians, the number of confirmed cases is rising.... More >>
7 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 3:00:00 PM CDT May 29, 2020 in News
COLUMBIA - Mid-Missourians marched and held signs in Columbia on Friday morning to bring awareness to police brutality against African... More >>
8 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 1:52:00 PM CDT May 29, 2020 in News
CLARKSBURG, Mo. - Two people were arrested in Clarksburg, Mo., on drug charges after a search on May 21, according... More >>
8 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 1:32:00 PM CDT May 29, 2020 in News
MINNEAPOLIS (AP) — The Minneapolis officer who was seen on video kneeling on the neck of George Floyd, a handcuffed... More >>
9 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 12:46:00 PM CDT May 29, 2020 in News
O’FALLON, Mo. (AP) — Missouri’s only abortion clinic will be able to keep operating after a state government administrator decided... More >>
9 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 12:38:00 PM CDT May 29, 2020 in News
COLUMBIA - The Missouri River is expected to reach moderate flood stage in Jefferson City, Glasgow and Hermann this weekend.... More >>
10 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 11:30:00 AM CDT May 29, 2020 in Weather
As COVID-19 spreads, KOMU 8 will continue to update you about the impacts on the community. You can find... More >>
15 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 6:39:00 AM CDT May 29, 2020 in News
COLUMBIA- A student at the West Location of Tiger Tots Academy has tested positive for COVID-19. According to a... More >>
15 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 6:37:00 AM CDT May 29, 2020 in News
JEFFERSON CITY – During his daily COVID-19 briefing Thursday, Governor Mike Parson announced an extension of the phase one reopening... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 8:42:00 PM CDT May 28, 2020 in News
COLUMBIA - As Boone County moves into the next phase of reopening, hair salons can now open their doors to... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 6:17:00 PM CDT May 28, 2020 in News
COLUMBIA - The City Manager of Columbia announced plans to further cut city budgets due to the effects of COVID-19.... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 2:42:00 PM CDT May 28, 2020 in News
As COVID-19 spreads, KOMU 8 will continue to update you about the impacts on the community. You can find... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 2:40:00 PM CDT May 28, 2020 in News
BOONE COUNTY - While other sports adjust the game plan to respect social distancing, some are just playing things business... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 2:16:00 PM CDT May 28, 2020 in News
KANSAS CITY, Mo. (AP) — The University of Missouri-Kansas City says it will begin bringing back faculty, staff and students... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 2:14:00 PM CDT May 28, 2020 in News
COLUMBIA — During the State of the City address, John Glascock said the city is leaving it up to the... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 1:51:00 PM CDT May 28, 2020 in News
Columbia, MO
Broken Clouds 64°
11pm 61°
12am 60°
1am 58°
2am 57°