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Hannibal Courier - Post - Hannibal, MO
  • State approves Palmyra enterprise zone

  • After months of waiting, Palmyra officials learned earlier this week that their application for an enhanced enterprise zone has been approved by the Missouri Department of Economic Development.


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  • After months of waiting, Palmyra officials learned earlier this week that their application for an enhanced enterprise zone has been approved by the Missouri Department of Economic Development.
    “It’s good news,” said Palmyra Mayor Loren Graham. “It will open doors for economic development in our area.”
    In addition to the Palmyra City Council, the Marion County Commission had to approve the proposal. Both entities took that step in April. At the time it was estimated that Palmyra’s application would  be processed in less than a month, in part because of a company’s interest in Marion County.
    “I was a little surprised it’s taken this long,” said Graham Wednesday afternoon. “But the main thing is they did approve it.”
    Graham did not believe the delay had anything to do with Palmyra’s application. George Walley, executive director of the Northeast Missouri Economic Development Council, reported to that group Wednesday morning that because of problems surrounding an enterprise zone application in the Columbia area the approval “process slowed down.”
    “The state is being awfully careful,” said Graham. “They just wanted to make sure all the I’s are dotted and T’s are crossed so there are no problems.”
    Has the delay cost Palmyra any projects?
    “I don’t think so,” said Graham. “There are some projects pending that have been delayed a little. Hopefully they’ll move forward in the near future.”
    While many consider the establishment of the enterprise zone as a vehicle to bring in new industries, it could also benefit an already established company such as BASF, which is included in the new zone.
    “It will enable BASF to compete for more projects within the company,” said Walley.
    With one enterprise zone approved, Graham suggested another could soon be in the works that would include areas north of Palmyra that had to be left out of the zone just approved. Favorable census data will be necessary before such an effort could move forward.

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