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Wednesday, September 30, 2009 2:30:33 PM
The Crystal City Eco-Industrial Park and tenants will benefit from State, Local, and Federal Funding and other Empowerment Zone benefits such as caps on capital gains taxes, employment tax credits for investors who invest in job creation in the Federal Empowerment Zone.
The Ecoloclean Industries, Inc. expansion is a 6.8 M project utilizing funds from the Futuro Empowerment Zone, Crystal City, USDA Rural Development Authority, the Texas Workforce Commission and Ecoloclean's own investment capital. The project is currently awaiting completion of due diligence by the Crystal City Economic Development Corporation. Final Approval and bond inducement resolution by the Crystal City City Council at its March 17, 2009 Meeting.
Royis Ward, President and CEO stated that this expansion will add significant shareholder value to Ecoloclean Industries, Inc. and its Stockholders.
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