Paris Aims for EEZ

1 decade 3 years 4 months ago Monday, January 09 2006 Jan 9, 2006 Monday, January 09, 2006 5:39:14 PM CST January 09, 2006 in News

To do that, Paris wants to create an enhanced enterprise zone, or EEZ.

"The Enhanced Enterprise Zone will allow us to provide a property tax abatement for 10 years for an industry to locate here," explained Phillip Shatzer, superintendent of operations.

But, before Paris can become EEZ-eligible, it must meet a few requirements concerning population and annual city income. City officials feel that status will help the community grow financially.

"I think that, in direct benefit, dollars stay here, which holds people here," added Jim Masters, school superintendent, "and then they, in turn, do business with gas stations, and hardware stores, and beauty shops and all of those things."

Paris just created a board of two city officials and five other residents of the town as the first stage in gaining EEZ status.

"The board will meet and give recommendations to the city council for types of industry that we want to attract," said Shatzer.

Paris hopes to follow in the footsteps of Mexico and other parts of Audrain County, which acquired EEZ status last year.

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