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Scott City approves tax abatement for Inland Cape Rice Company LLC
Summary
Scott City Council approved Resolution 652 to authorize a property tax abatement linked to an expansion by Inland Cape Rice Company LLC, a $2.7 million project the company says supports 11 full-time jobs. The council also noted the abatement had been processed previously by Cape Girardeau County commissioners.
Scott City’s council voted May 18 to approve Resolution 652, authorizing a property tax abatement tied to the expansion of Inland Cape Rice Company LLC.
At a public hearing, Shad Burner, CEO of SEMO Redi, told the council the company’s expansion involved a $2.7 million building and the creation or retention of 11 full-time jobs. Burner said the company expected a 50% tax abatement on the new assessment for 10 years and that the 2025 abatement was estimated at $1,201. He also said the exemption had previously been approved by Cape Girardeau County commissioners and that the record includes references to the project under both “Inland Cape Rice Company LLC” and “Cape Inland Rice Company.”
The council read Resolution 652 by title and voted unanimously to adopt it. The resolution authorizes the city’s involvement with a project located in the Cape Girardeau County Enhanced Enterprise Zone and formalizes the city’s commitment to the abatement terms described at the hearing.
Why it matters: Tax abatements are commonly used to encourage local investment and job creation; according to the presentation to the council, this project combines a multi‑million‑dollar facility investment with modest local employment gains.
What the record shows: The council’s action at the May 18 meeting was procedural — it approved Resolution 652 after the public hearing. No council member proposed amendments to the abatement terms during the meeting, and the record does not show additional financial projections or a city-level fiscal impact study beyond the $1,201 2025 estimate noted during the hearing.
Next steps: The resolution passage allows the city and project proponents to pursue the abatement under the Enhanced Enterprise Zone framework; the transcript does not record further implementation steps, deadlines or agreement details beyond what was described at the hearing.
