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| State Tax Credits Benefit Two New Kirksville Businesses
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Small Businesses Get Financial Assistance Posted on 10/20/2009 | Charlene Boyes, Executive Director of the Missouri Rural Enterprise and Innovation Center (MREIC) and Phil Tate, Executive Director of Kirksville Regional Economic Development Inc. (KREDI) announce that two new Kirksville businesses have been awarded Missouri State Tax credits under the Missouri Department of Economic Development’s Rebuilding Communities program. The recipient businesses are Computer Corrections Facility, owned by John Brown and Video Marketing USA, owned by Jim Rider. Video Marketing USA was launched in June, 2009 and Computer Corrections Facility began operations in July, 2009. MREIC and KREDI collaborated to bring thecompanies to the attention of the Missouri Department of EconomicDevelopment. |  | | Standing in front of 111 North Main St from left to right are Phil Tate, KREDI; Jim Rider, Video Marketing USA; John Brown, Computer Corrections Facility; and, Charlene Boyes, MREIC. |
| The tax credits provided under the Rebuilding Communities program areavailable for new and existing Missouri businesses that qualify. BothComputer Corrections Facility and Video Marketing USA qualified for thetax credits under the program’s provisions fortelecommunications/information-intensive firms. Computer Corrections Facility, geared equally to commercial andresidential customers, provides third party, off-site data storage andnetwork design as well as computer trouble-shooting services. VideoMarketing USA assists in website placement and promotion of businessthrough video, search engine optimization, and social media for bothon-line enterprises and those that do not have a web presence. |
| The businesses are both located at 111 N. Main Street which is classified by the Department of Economic Development as a “distressed” region of Kirksville and therefore eligible for tax credits. “It was fortuitous that we were aware these companies were getting ready to start up; when we learned that they could qualify for greater credits if they applied before beginning their business operations we were able to advise them to make application to the state immediately”, said Boyes.
Both businesses were notified that they will qualify for tax credits beginning with this tax year. Tate explained that, “The state makes the tax credits available to assist new businesses in getting started by reducing their tax burden.” Each of the businesses qualifies to receive the tax credits for the first 3 years of their operation.
KREDI and MREIC are Kirksville organizations dedicated to promoting economic development and entrepreneurship.
For additional information please contact Charlene Boyes at 660-785-4307 or cboyes@truman.edu |
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