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City Of Salem
Incentives

Enhanced Enterprise Zone

Local and State Benefits for New and Expanding Businesses!

Purpose: To provide a stimulus for new business development or expansion that results in creating sustainable jobs in targeted industries in Salem and Dent County. Local property tax abatements are available and state income tax credits could be available to eligible businesses.

Boundaries: Boundaries of the Enhanced Enterprise Zone are for all of Dent County and Salem, MO with the exception of census tract 9604, Big Code 3 in Sinkin Township, the City of Bunker.

Local Benefits:
Benefits are offered locally at three levels:

  1. A 50% tax abatement on real property for a qualifying business creating 5 *FTE for 10 years with an investment of $200,000.
  2. A 62.5% tax abatement on real property for a qualifying business creating 12 *FTE for 15 years with an investment of $480,000.
  3. A 75% tax abatement on real property for a qualifying business creating 25 *FTE for 20 years with an investment of $1,000,000.

An *FTE or Full Time Equivalent is defined for Dent County as 36 hours or more per week on a regular basis with a minimum of 50% of the cost of the health insurance provided by the employer

State Benefits:
State Tax Credits may also be awarded to qualifying businesses. The state indicates that these are awarded on a discretionary basis. A description of state benefits is available from the Missouri Department of Economic Development

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Utility Rate DiscountUility Rate DiscountsElectrical Rate Reduction for new job creation. The City of Salem is willing to reduce electrical rates for job creation. A business can apply prior to creating a minimum of twenty-five new jobs for up to two years. Contact:

City of Salem Office of Economic Development
400 N Iron St.
Salem, Mo 65560
E-mail economic@salemmo.com
573-729-2428

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Free Land In Industrial ParkLand in the Masters Industrial Park is free to industry for job creation for qualified businesses.

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To download a brochure describing
Incentives for Businesses in Salem, Missouri,

click here.

EEZ Brochure
Enhanced Enterprise Zone Benefits – Salem and Dent County
(click image to download PDF)

State Benefits Brochure
(click image to download info on State Benefits - PDF)

Special thanks to The Salem News for the generous use of many of the photos in this website.

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