Springfield, MO

2016 Year in Review No. 7: Kraft, 3M move on multimillion-dollar plans

Posted online

SPRINGFIELD—A pair of manufacturers went before Springfield City Council in 2016 with over $70 million in expansion plans, built on municipal tax incentives.

Kicking off the requests at the first council meeting of the year Jan. 11, Kraft Heinz Co. (Nasdaq: KHC) officials said its Springfield plant was in the running for eight new manufacturing lines tied to the production of Kraft Macaroni & Cheese and Kraft Singles. The new lines would add 100-110 jobs paying an estimated $48,000 per year at the 2035 E. Bennett St. property.

In March, the company announced it had been selected, all the city of Springfield had to do to secure an estimated $33.2 million investment by Kraft was approve a Chapter 100 industrial revenue bond plan financing up to $36 million in equipment purchases. At it’s March 21 meeting, council unanimously voted yes.

At its Nov. 14 meeting, council unanimously passed a resolution forwarding plans by St. Paul, Minn.-based 3M Co. (Nasdaq: MMM) to invest $40 million to expand Springfield operations and create over 90 new jobs.

The jobs are expected to add $5.3 million to 3M’s local annual payroll. Salaries at 3M in Springfield average $58,000 a year, plus benefits, for its 335 area workers. Springfield payroll for 3M currently exceeds $30 million, and the average employee term is 12 years.

Final plans for 3M are expected to return to council for approval in January.


No comments on this story |
Please log in to add your comment
Editors' Pick

From the Ground Up: Culver’s

Springfield’s third Culver’s restaurant is underway at 1400 E. Sunshine St.

Most Read
SBJ Live logo
Living Quote - Keep Running

“I really do believe that you can have a lot of intelligence and a lot of great ability, but you have to be willing to work to make a difference for your clients,” says Megan Creson, an Associate …

Four Tips for Better Product Labels Not all labels are created equal. Natalie Menzies-Spradlin with Ample Industries gives you four things to think about to make sure your labels are durable, cost effective and meet your product …
Living Quote - Reach for the Stars “My dad encouraged me and told me to continue my education, no matter how hard it is, and now I’m a year into my doctorate degree.” says Melissa Sorah, who works in sales at Youngblood Nissan. …
Networking? Always Follow Up. “I think networking has been key too the core success I’ve had,” says Bruce Nasby, President of Global Advisory Associates. Nasby recommends sending an email specifically detailing who you are, …
Booked - Passion and Perseverance “Being in higher education, we kind of devour books,” says Carol Taylor, President of Evangel University. She recommends Angela Duckworth’s “Grit: The Power of Passion and Perseverance.” …