DED awards $46K in tax credits to Lebanon manufacturer

The Missouri Department of Economic Development has approved $46,632 in Enhanced Enterprise Zone tax credits for Lebanon-based Cambarloc Engineering & Manufacturing Inc.

The credits will aid the company in creating 16 new jobs and providing a capital investment to the tune of $590,000, according to a DED news release.

The EEZ tax credits will be available for five years for a Cambarloc manufacturing expansion facility, also in Lebanon.

Cambarloc Engineering, which was founded in 1963, builds machines that manufacture ribbon bows for the gift-wrapping industry, according to its Web site.

DED's EEZ program provides state tax credits to new and expanding businesses along with local property tax abatements, according to DED.