Columbia Downtown Leadership Council Discuss Expanding Business

7 years 10 months 3 weeks ago Tuesday, February 28 2012 Feb 28, 2012 Tuesday, February 28, 2012 6:09:00 PM CST February 28, 2012 in News
By: Andrew Carter
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COLUMBIA - The Columbia Downtown Leadership Council welcomed Mike Brooks to its meeting on Tuesday night to discuss regional economic development.

Brooks, the president of Regional Economic Development Inc., opened conversation for Columbia to apply for an Enhanced Enterprise Zone, or an EEZ.

 An EEZ provides a tax credit for new or expanding businesses in a Missouri Enhanced Enterprise Zone.

Currently Columbia has no EEZ presence, but other communities in Missouri such as Rolla and Springfield are home to such zones.

In laymans terms, a local EEZ would allow for a new manufacturing business to apply for a tax credit, hoping to create jobs in Columbia. Brooks spoke of two specific areas for business growth. He pointed out areas along Route Z and Route B. 

In order to succesfully apply for an EEZ there must be "blight" within the zone district. Brooks talked of land near Route B and 70 for possible business, which some residents found troublesome.

Columbia resident Joan Wilcox adamantly spoke up and while gesturing to her right said,"They're taking one part of that enterprise zone and saying here's blight, here's poverty, here's unemployment." Then gesturing to her left she continued, "But the other part of that enterprise zone out at route B and Z is where these people can not get to."

Mike Brooks says he can not guarantee the creation of jobs, but is hopeful.

"Well what we have experienced over the last 10 years is a fairly significant drop in the manufacturing jobs in the community. And manufacturing jobs are valuable jobs to communities because they do create good employment oppurtunities for people that don't have college degrees."

Discussions of an EEZ in Columbia are in preliminary talks, but another meeting is set for March 9th at 10:00 pm at City Hall and is open to the public.

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