Logoplaste Kansas City LLC
6920 Executive Drive
Kansas City, Missouri
Investment: $29.5 M
Number of New Jobs: 80
Logoplaste Kansas City LLC is a new business to Kansas City, Missouri. They are an industrial group that manufactures rigid plastic packaging for some of the most reputable companies in the world, including Proctor and Gamble, in the areas of food and beverage, personal care, household care and oil and lubricants sectors.
Logoplaste anticipates creating 80 new positions at an average starting wage of about $50,000.
The company’s total projected investment is estimated at $29.0 million which includes annual lease payments, leasehold improvements, and new machinery, furniture, and equipment. Chapter 100 within policy has been offered.
If accepted, The Chapter 100 bond through the city would provide 50% personal property tax abatement for ten years. The equipment has an estimated new cost of about $22.5M. They will also receive an estimated $1,066,000 in Enhanced Enterprise Zone benefits from the State of Missouri in the form of state income tax credits for the investment and new job creation. Ten year 50% Real Property abatement is available through EEZ.