Nebraska company expanding in Butterfield
$2.6 million project will bring four jobs to village
An Omaha, Neb., company is preparing to invest $2.6 million to expand its facility in Butterfield, bringing with it four new jobs.
The Scoular Company, which buys, sells, stores and transports grain, food ingredients and feed ingredients, has a facility with a 475,000 bu. storage capacity, with upright steel storage and two flat storage structures.
Additional improvements will include an unload pit for trucks and rail, overhead drag conveyors, two certified scales and a rail scale. An old office building has also been upgraded.
According to Sheila Lenagh, incentives manager for the company, part of its decision to expand in Butterfield was the Barry County Enhanced Enterprise Zone, which would give the company a tax abatement.
"We would like to acknowledge the county's foresight in obtaining the EEZ designation," she said. "When Scoular began looking for a location to expand its footprint in Missouri, the presence of EEZ made Barry County even more interesting.
"The availability of economic incentives can have a material impact on the overall success of an operation and it can be the sole factor why one location is selected over another."
Cherry Warren, presiding commissioner of Barry County, said he was pleased to see The Scoular Company take the EEZ designation into account.
"We are proud that Scoular selected Barry County for their expansion and investment," he said. "The commission understood the value of an Enhanced Enterprise Zone when we applied and were accepted in 2011."
Enhanced Enterprise Zones are specific 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 local industry cluster development.
With the EEZ come tax credits, so long as The Scoular Company fulfills one of the following requirements:
* New or expanded business facility with at least two new employees and $100,000 in new investment;
* Replacement business facility with two new employees and a $1 million investment;
* The offering of health insurance for full-time employees, of which at least 50 percent must be paid by the employer.
Bill Easley, Barry County EEZ president, said the board will meet in August to discuss Scoular's request.
"This is an important precedent and can send a strong signal to potential business investors that Barry County, the EEZ Board and Barry County Commission are serious about supporting new and existing business in our county," he said.