Department of Economic Development announces expansion of KC tank accessory manufacturer, expected creation of 4 new jobs


Release Date: 02/19/2013
Contact: John Fougere,  (573) 522-5058


KANSAS CITY – The Missouri Department of Economic Development (DED) announced today that a company that manufactures parts for aboveground and underground tanks will be expanding its Kansas City operations. Clay and Bailey Manufacturing Company, which is marking its 100th anniversary in 2013, plans to add new production space at its existing facility, a capital investment of $1.5 million that is expected to create 4 new full-time jobs.

 

Clay and Bailey manufactures U.S. made tank accessories and corrosion control anodes for aboveground and underground tanks. The parts the company produces for aboveground tanks include overfill prevention valves, vents, fillcaps, pipe plugs and spill containment devices; for underground tanks, the company manufactures anodes and other corrosion control needs, manways and gaskets. Established in Kansas City in 1913, Clay and Bailey plans to add 7,000 square feet to its existing facility to expand capacity for a new production line.  

 

To assist Clay and Bailey with its expansion, the Department of Economic Development authorized an incentive package that includes $38,970 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.

           

 

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