Economic Development - Enhanced Enterprise Zone

The City of El Dorado Springs maintains an aggressive approach to Economic Development opportunities.  Economic Development involves not only bringing new companies and businesses to town, but also helping existing businesses expand.  In fact, just over eighty percent (80%) of all new jobs come from expansion of existing businesses.  Many cities invest more resources into job retention than attraction for this reason.  

The City works closely with the State of Missouri to offer incentives to attract and retain businesses.  The City of El Dorado Springs has several tools at its disposal to encourage economic growth.

1. The City owns two buildings that are available for rent.  One is 38,600 square feet.  The other is 2,100 square feet.  Click here for more information.  For more information, contact (417) 876-2521.



2. The City owns vacant land in the industrial park on East US Highway 54.  There is approximately 50 acres available for development with utilities and some road access.  The industrial park is adjacent to the municipal airport.



3. Two not-for-profit corporations have been formed that each have separate and unique abilities to offer financing for economic development projects.  One corporation is the El Dorado Springs Municipal Assistance Corporation and the other is the Industrial Development Authority.



4. The City also has the ability to issue special bond financing with tax benefits.



5. The City cooperates with the State of Missouri on various tax incentive programs the State offers for job creation and investment.



6. The City of El Dorado Springs has been approved by the State as an Enhanced Enterprise Zone.  This designation by the State means that the State has committed to providing certain tax incentives to qualifying industries.   The City has also committed to providing property tax abatement to qualifying industries that create jobs inside this zone.

The City of El Dorado Springs is a very attractive place to start a business.  The community has relatively low taxes, low transportation costs and low labor costs.  At the same time, the community has a high quality of life.  The school system and health care system are superior.  The area also has an abundance of recreational opportunities.

Finally, perhaps most important, employers are especially complimentary about the exceptional work ethic their employees have in their El Dorado Springs locations.