Department of Economic Development announces expansion of a Mexico steel fabrication company, expected creation of 15 new jobs


Release Date: 02/15/2013
Contact: John Fougere,  (573) 522-5058


MEXICO – The Missouri Department of Economic Development (DED) announced today that a steel fabrication company will be expanding its operations in Mexico. Fluid Power Support’s expansion, a capital investment of more than $1.6 million, is expected to create 15 new jobs.

 

Fluid Power Support fabricates steel for industrial production companies throughout mid- Missouri. Fluid Power Support has outgrown its current shop and will be constructing a new 56,000 square-foot building. The new facility will also house upgraded equipment, including a new laser cutter, which will allow Fluid Power Support to be more competitive in a high-tech industry. The company began operating in Jan. 2000 and currently employs 15 workers.

 

To assist Fluid Power Support with its expansion, the Department of Economic Development authorized an incentive package that includes $79,615 in Enhanced Enterprise Zone program tax credits over five years.

 

The Enhanced Enterprise Zone Program was implemented in 2004. Enhanced Enterprise Zones are specified geographic areas designated by local governments and certified by the Department of Economic Development. Zone designation is based on certain demographic criteria, the potential to create sustainable jobs in a targeted industry, and a demonstrated impact on a local cluster development.

           

 

                                                                        ###

Follow DED on FacebookFollow DED on Twitter