DED awards $117,044 in Enhanced Enterprise Zone tax credits

By Staff reports
Posted Aug 30, 2010 @ 10:50 AM
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Mid-America Auto Lifts, Aurora has received approval for $117,044 in EEZ tax credits over a five-year period for the creation of 27 new jobs and new investment of $1.8 million for the expansion facility located at 909 Industrial Drive. The business operation is a manufacturing facility.

The Enhanced Enterprise Zone program was implemented in 2004. Enhanced enterprise zones are specified geographic areas designated by local governments and certified by the Department of Economic Development.

Zone designation is based on certain demographic criteria, the potential to create sustainable jobs in a targeted industry and a demonstrated impact on local cluster development.

Mid-America Auto Lifts, Aurora has received approval for $117,044 in EEZ tax credits over a five-year period for the creation of 27 new jobs and new investment of $1.8 million for the expansion facility located at 909 Industrial Drive. The business operation is a manufacturing facility.

The Enhanced Enterprise Zone program was implemented in 2004. Enhanced enterprise zones are specified geographic areas designated by local governments and certified by the Department of Economic Development.

Zone designation is based on certain demographic criteria, the potential to create sustainable jobs in a targeted industry and a demonstrated impact on local cluster development.

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