Springfield, MO

Log in Subscribe

DeWitt & Associates submits the lowest bid to renovate the second floor of the Efactory.
SBJ file photo
DeWitt & Associates submits the lowest bid to renovate the second floor of the Efactory.

MSU board to vote on Efactory construction contract

Posted online

The Missouri State University Board of Governors tomorrow is scheduled to vote on a construction contract for the school’s downtown business incubator.

DeWitt & Associates Inc. submitted the low bid of $3.3 million for the Efactory project, which has a total funding source of $4.25 million, according to the board’s Sept. 18 agenda.

Bales Construction Co. Inc. and Branco Enterprise Inc. submitted competing bids of $3.4 million and $3.5 million, respectively.

The project calls on the renovation of the Robert W. Plaster Center for Free Enterprise — the 405 N. Jefferson Ave. home of the Efactory — by utilizing second-floor space to add a conference room, offices, design and research laboratories, and other new areas, according to the board agenda. The expansion also would improve a cooperative engineering program with the Missouri University of Science and Technology.

Funding is provided, in part, by a $1.25 million grant announced last month from the U.S. Commerce Department’s Economic Development Administration, as well as Missouri tax credits.

The latest grant represents an investment in the downtown opportunity zone by the federal government. In the zone, taxpayers can invest capital gains in return for a tax deferral, according to past Springfield Business Journal reporting.

Efactory officials expect the federal grant will lead to some $27 million in private estimates and the creation of 360 jobs.


No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Rovenstine Landscaping

Rovenstine Landscaping LLC opened its first brick-and-mortar store; Bapa Network LLC added to its Dunkin’ lineup; and WinTech closed on the purchase of 100% of the stock of Arkansas-based company Pocahontas Aluminum Co.

Most Read Poll
How concerned are you about "forever chemicals" in the city water supply?


View results

Update cookies preferences