Kansas City, Mo. – September 24, 2020 – Aaron G. March, Mark Bryant and Chris Mattix of Rouse Frets White Goss assisted Bennett Packaging Inc in securing the land use, zoning and economic development incentive approvals necessary to relocate its corporate headquarters to a new corporate campus at U.S. Highway 40 and Noland Road in Kansas City.
Bennett Packaging Inc., a manufacturing and design services company, received approval from the City Council of Kansas City of up to $48 million in Chapter 100 industrial revenue bonds to build a $69.6 million, 524,000+ square foot campus in Kansas City, expanding the company’s footprint and consolidating its Lee’s Summit location into the new Kansas City space. The $48 million in industrial revenue bonds will include a 25-year real property tax abatement as well as a personal property tax abatement. In addition, the City Council approved a tax increment financing plan allowing Bennett Packaging to receive up to $6.3 million in reimbursements from economic activity taxes generated by the project. The move will transition 118 employees from its Lee’s Summit location to join 15 current employees located in Kansas City. Twenty-four new jobs are projected to be added during the next 10 years.
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Rouse Frets White Goss Gentile Rhodes serves and protects individuals, companies, estates and livelihoods. Based in Kansas City, the firm offers sophisticated representation for clients in both the private and public sectors. For more information, visit www.rousepc.com.
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