MO: Aerospace Tech Startup to Invest $14.4M, Add 46 Jobs in Lee’s Summit
4 Mar, 2016
The Missouri Department of Economic Development announced that Lee’s Summit-based tech startup High Tech Solutions LLC, a growing manufacturer of aerospace machined components and assemblies, is investing $14.4 million in Lee’s Summit and creating 46 new jobs.
The expansion includes a new 22,000 square-foot building and equipment, and the company has plans to nearly double this within five years.
The home-grown Missouri startup launched in Lee’s Summit in 2010 with two rented machines and today is a global aerospace industry supplier.
High Tech Solutions leadership points out that oftentimes, business dollars the company brings into Lee’s Summit are from places outside Missouri, such as Mexico, Canada, California and Texas.
To assist High Tech Solutions with its expansion in Lee’s Summit, the Missouri Department of Economic Development has offered a strategic economic incentive package that the company can receive if it meets strict job creation criteria.