Missouri Means Business
31 Aug, 2008By: Greg Steinhoff
Nearly 40 years ago, Neil Armstrong took “one small step for man, one giant leap for mankind” on the moon.
While not quite as momentous, in 2008,
Prospects of Major Investments
The company, Bombardier Aerospace, confirmed in 2008 that it was considering asite at KCI that, when at full capacity, would employ 2,100 workers and pay an average wage of $63,000. Bombardier, which also owns Learjet, would in turn invest a total of $3.2 billion in research, development and facilities for the anticipated project.
The proposed assembly plant would produce a new, fuel efficient, less costly, 110-plus seat commercial aircraft, making it the first new commercial aircraft assembly line in
But it was not to be.
On the eve of the Farnborough International Airshow in
While disappointed that months of work, nearly daily conversations with Bombardier officials and $240 million worth of incentives failed to land the deal,
“Obviously I join members of the legislature in expressing disappointment with this decision,” Missouri Gov. Matt Blunt said following the announcement. “
Missouri Department of Economic Development director Greg Steinhoff voiced similar sentiments. “We have no reason for bowed heads,” Steinhoff said. “Gov. Blunt, the Missouri General Assembly and the Department of Economic Development all worked diligently in a bipartisan manner to create a business-friendly climate in
So impressed with
Steinhoff said more discussions were expected over the next two or three months. “It would be great if we’re able to follow through with this,” he said. “They have a real heart for
That business-friendly climate not only attracted the attention of Bombardier, but it sends a loud and clear message to the rest of the world:
“Missouri may have not been the right choice for Bombardier, but the Show-Me State showed the world that we will go after mega-projects, and that we are serious about economic development and attracting quality jobs for our citizens,” Steinhoff said. “
Economic developers around the state of
In addition to mega-project legislation, the newly-formed Missouri Partnership, a public-private partnership made possible through public funding and financing from private business, is up and running and the business recruiter for the state. This organization, with duties once held by the state Department of Economic Development, is assisting regional and local economic developers in getting the word out that
According to Chris Chung, executive director of the Missouri Partnership, in the recent past
“One key reason
Chung said the continued success of
Chung cautions that although it is not the final step of any recruitment effort, it is a positive development and great opportunity for state officials to work to bring high quality, high paying jobs to our state that support long term economic growth.
Missouri Means Business
“From a marketing and perception point-of-view, passage of the legislation will signal that the State of Missouri is a serious contender for the kinds of high-impact, ‘economy shifting’ private-sector investment deals that have been locating in recent years with regular frequency in the Southern and Southeast United States,” Chung said. “While there may be just a handful of these ‘mega projects’ across the U.S. each year, pursuit of these projects – like the Bombardier investment – have the potential to positively transform the entire economy of a region or state for decades to come.” For help, contact the support team.