Heavy machinery dealer Custom Truck & Equipment will invest another $7.05 million in its headquarters in Kansas City, the Missouri Department of Economic Development reports.
The expansion will include two new structures totaling 186,000 square feet, and they should be up and running by next June. The project should also lead to the creation of 43 new jobs.
“Today’s announcement is more proof that Missouri’s economy continues to grow and thrive,” said Mike Downing, director of the Missouri Department of Economic Development, in a release. “Custom Truck & Equipment’s investment in the Show-Me State validates our pro-business climate and superior workforce. I look forward to growing our partnership with Custom Truck & Equipment as we work together to move Missouri forward.”
The Missouri Department of Economic Development put together an economic incentive package for Custom Truck & Equipment, if the company meets certain goals for job creation and investment. The City of Kansas City and the Economic Development Corporation of Kansas City also assisted Custom Truck & Equipment.
The company rents, sells and modifies cranes, trucks and other heavy equipment in a range of industries, including construction, mineral, oil and gas, rail and more.
“Expanding our presence in Kansas City provides a great opportunity for Custom Truck & Equipment to further enhance the services we provide, and we’re grateful to both our state and local partners for their assistance in our expansion project,” said Chris Ross, general manager of Custom Truck & Equipment. “Kansas City has proven to be an outstanding business location and we remain committed to investing and growing right here in Missouri.”
Kansas City Mayor Sly James said: “This expansion is great news for our local economy and shows that our economy is strong, multifaceted and growing. I’m so proud of Custom Truck & Equipment’s growth and look forward to many more years of positive news from them.”