MARYVILLE, Mo. (AP) - Maryville leaders are backing a plan to issue up to $25 million in bonds for a major expansion of a Kawasaki Motors plant in the city.
The Maryville City Council on Monday approved a resolution to begin the process of issuing the industrial development bonds for a 100,800-square-town expansion that will create up to 30 new jobs.
The addition will provide production space for motor components. Kawasaki produces small, general-purpose gasoline engines at the plant.
The Maryville Daily Forum reports it is the first time Maryville has ever issued IDB bonds.
Kawasaki Motors plant manager Steve Bratt says the company has expanded 12 times since it opened near Maryville and this is the first time it asked for kind of tax abatement or development incentive.
© Associated Press
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Services set for Effingham woman killed in crash
Barricaded fugitive arrested in Jackson County
Two file to challenge local legislator
Fatal Atchison apt fire investigation continues
USD 415 board select new member
U.S. 36 work in Doniphan Co to impact motorists
Fentanyl find nets four in two Atchison cases
Results from SE Nebraska contested Primary Elections
Date set for signals switch at Hiawatha intersection
Flags to fly half staff Wednesday across KS
State Board approves land transfer agreements
Memorial Day enforcement hits KS roads
Support sought for fire ravaged family
Contested races in Tuesday Primary Election in Nebraska
LATEST STORIES
Tuition increase by KU, others in state
KS grad requirements updated after two decades.
Fentanyl find nets four in two Atchison cases
Armed felon found, arrested, in Jackson Co
Support sought for fire ravaged family
Potts first to file for Sheriff's seat in Atchison Co
Senator Slama won't endorse candidate in legislative race
Local author brings "Broken and Chained" to Falls City Saturday