Officials with La-Z-Boy Inc. plan on expanding the company’s Neosho plant and will request tax breaks to help pay for the new construction.
The Neosho Board of Education on Monday gave approval for Superintendent Jim Cummins to vote in favor of the tax breaks when the city’s Enhanced Enterprise Zone Committee meets and discusses the matter. That meeting has been set for July 20.
According to documentation from Grow Neosho provided to board members, La-Z-Boy has planned a $29.8 million construction project for its plant at 4301 Howard Bush Drive.
It includes 60,840 square feet on the building’s east side for parts distribution and 27,660 square feet on the south side for a cafeteria and office space. The company will add 16 full-time jobs as part of the expansion, according to information provided to the board.
The plant qualifies to take advantage of provisions in Neosho’s codes that would allow property tax breaks of 100% over the first two years, 75% for the next eight years and 50% for the remaining life of an enhanced business enterprise zone.
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