Incentives and Tax Abatement

The City of Hazelwood has used a number of incentive programs to attract and retain business and industry. Please email Becky Ahlvin for further information.

Local Option Loan Fund

  • Available for businesses located within Hazelwood
  • Designed for gap financing
  • Loan amounts are limited by the fund budgeted each fiscal year, July 1 through June 30
  • Loans are first come, first served

Foreign Trade Zone (FTZ)

  • Allows goods to remain outside U.S. Customs while awaiting distribution or final assembly
  • Designated by U.S. Department of Commerce
  • Hazelwood's zones are part of the county's airport FTZ
  • Other benefits can include inverted duties, deferment of payment of duties and exporting benefits
  • The zone includes all of Hazelwood and St. Louis County

Enhanced Enterprise Zone

  • Allows property tax abatement on new construction and improvement
  • Only available for certain industries
  • Sections of Hazelwood, south of I-270 are within the zone
  • State of Missouri Program administered locally by St. Louis County

Tax Increment Financing (TIF)

  • Allows the TIF district to capture property taxes on new development
  • Bonds may be issued to finance development
  • The district can also capture some sales taxes
  • Generally used for large-scale developments
  • Part of Hazelwood Logistics Center and Park 370/St. Louis Outlet Mall are TIF districts
  • Used for the redevelopment of blighted areas

Transportation Development District (TDD)

  • Allows for a special sales tax to be levied
  • Can be either community-wide or a specific area
  • Hazelwood Logistics Center, Park 370/St. Louis Outlet Mall and Elm Grove are TDD districts
  • Used to fund transportation improvements such as streets, sidewalks, parking lots, driveways, etc.

Chapter 100

  • Bonds can be issued for buildings or machinery and equipment
  • Bonds can be tax-free
  • The company may buy the bonds or place for sale
  • Materials used in construction may be exempt from state and local sales tax
  • Property financed is owned by a local government entity and leased to the company
  • Property financed may be exempt or partially exempt from property taxes

Chapter 353

  • Allows real estate taxes to be abated on buildings
  • Aviator Business Park and portions of Hazelwood Logistics Center are Chapter 353 developments
  • Generally available for a long term (around 20 years)
  • The land is taxed at an unimproved rate
  • May require a payment in lieu of taxes (PILOT)
  • Requires a finding of blight for a project