Two governmental entities have given their support as part of an industry incentive package being formulated for a prospective industry in the Cabool area.
The Cabool board of education gave its approval last week, and the Texas County Commission gave a letter of support for an enhanced enterprise zone, which gives a 75 percent abatement for 10 years on city and county real estate taxes.
The prize? A $50 million project by a potential unnamed employer that would hire 90.
Other economic development incentives include a Missouri program — Chapter 100 — that offers a 75 percent abatement on personal property taxes.
The Cabool City Council is expected to approve a resolution on Monday.
According to estimates from Cabool, if successful, an additional $150,000 annually in tax revenue would be generated.