2013 – The Year in Business Expansions

Eric Olson, SBJ EditorFifty-four companies last year announced business expansion plans using financial incentives through the Missouri Department of Economic Development.

 The capital investment and job creation plans include big-ticket moves such as Monsanto’s $400 million investment in its Chesterfield Village Research Center outside St. Louis and the addition of 900 jobs by Ford in Kansas City and 400 jobs by Boeing in St. Louis.

Closer to home, nine announcements sprung from companies in southwest Missouri, roughly 17 percent of the statewide tally.

Bill Schahuber purchased Watson Metal Masters Inc. in 2012.

Bill Schahuber is moving Watson Metal Masters to Republic in a $5 million capital expansion plan. Through the DED, the state is waiving employee withholding taxes saving the company some $370,000, providing jobs criteria are met.

The local plans announced by the Missouri DED in 2013, alphabetically by company, location, jobs and investment:

Air Medical Group Holdings, West Plains, 20, $1.4 million
CD Aviation Services, Joplin, none, $400,000
Covington Retail Partners, Republic, 32, $1.73 million
Express Scripts, Joplin, 100, $960,000
Leggett & Platt, Carthage, 12, $5.1 million
Marine Electrical Products, Lebanon, 15, $749,000
Salon Service Group, Springfield, 10, $4.18 million
Stainless Technology, Springfield, 88, N/A
Watson Metal Masters, Republic, 77, $4.8 million

Salon Service Group co-owner Gino Barbo holds plans for a 45,000-square-foot headquarters fronting Interstate 44. In its $4 million capital expansion, the wholesale beauty supplier plans to add 11 employees to its workforce of 140 across 10 sites.

Salon Service Group co-owner Gino Barbo holds plans for a 45,000-square-foot headquarters fronting Interstate 44. In its $4 million capital expansion, the wholesale beauty supplier plans to add 11 employees to its workforce of 140 across 10 sites.

The DED notes some companies that received incentives in exchange for meeting capital and job expansion criteria did not publicly announce their plans, and the list does not include companies expanding independently of DED incentives. See the full list.

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