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