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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
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