MO: Turbo Supply to Expand Joplin HQ, Create 70 New Jobs
3 Sep, 2014
The Missouri Department of Economic Development (DED) announced a Joplin-based remanufacturer of turbochargers will increase its local operations. Turbo Supply Inc. will expand and relocate to the Joplin Crossroads Industrial Park. The company’s expansion project will include a significant capital investment and is expected to create 70 new fulltime jobs.
“We are proud to have Turbo Supply contributing to Missouri’s growing economy with its expansion in Joplin,” said Economic Development Director Mike Downing “Turbo Supply’s reinvestment in its Joplin headquarters is a true testament to the business-friendly environment Missouri has to offer. The state’s strong workforce and low-tax environment continue to create opportunities for growing companies that create jobs and help move our economy forward.”
Turbo Supply distributes new and remanufactured turbochargers for on- and off-highway applications. With a broad portfolio of brands, the company serves a variety of industries including trucking, passenger vehicles, construction, agriculture and marine equipment.
Since its founding in 1997, Turbo Supply has grown to become one of the nation’s largest turbocharger dealers. Headquartered in Joplin, Turbo Supply also operates facilities in Odessa, Texas, Houston, and Pittsburgh. The company’s rapid growth has prompted the need to expand its headquarters. Turbo Supply’s corporate office will be relocating to a 115,000 square-foot state-of-the-art facility in Joplin’s Crossroads Industrial Park.
To assist Turbo Supply with its expansion, the Department of Economic Development has offered a strategic economic incentive package that the company can receive if it meets strict job creation and investment criteria.