MO: Sedalia-based ProEnergy Service Plans to Create More Than 300 new Jobs, Gov. Nixon Announces
21 Apr, 2011
ProEnergy Services plans to construct new facilities, make $25 million capital investment
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Plans for a major business expansion and hundreds of new jobs in Sedalia are underway, Gov. Jay Nixon announced recently. ProEnergy Services, which is headquartered in Sedalia and has satellite offices all over the world, plans to create more than 300 new, local jobs and make a capital investment of $25.7 million in its local facilities over the next three years.
During a visit to the company's campus, Gov. Nixon announced that ProEnergy is moving forward with plans for substantial new projects at its headquarters. These include a new 110,000 square-foot facility that will house an Aero Depot, which is a state-of-the-art service center for aeroderivative gas turbine engines, and a manufacturing operation dedicated to the assembly of turbine engine driven packages; a 225,000-square-foot warehouse that will be used to store engines, turbines and component parts; and a new business complex.
"This major expansion by a dynamic Missouri business is a significant step forward for our economy," Gov. Nixon said. "ProEnergy's plans to create hundreds of additional jobs and invest millions of dollars in Sedalia will make this growing company an even stronger powerhouse in the energy services industry. Helping existing Missouri businesses like ProEnergy grow and create new jobs must be a top priority for our state, and we will continue to work with businesses in every corner of Missouri to help them expand and prosper."
According to company plans, construction of the ProEnergy Packaging Services Building should be complete in early June. Hiring for these new positions should begin within the next 30 days.
ProEnergy was founded in 2002 with the goal of providing cost-effective, safe and reliable service to the energy industry. The company was relocated to Sedalia in 2006 by President and CEO Jeff Cannon, a Missouri native. The company's areas of service include operations and maintenance, field services, technical services, equipment and parts, turbine services, renewable energy services, controls solutions and high voltage services. ProEnergy currently employs approximately 1,000 professionals and, in addition to its Sedalia headquarters, has offices in Texas, Oklahoma and Colorado in the U.S. and in Mexico, Venezuela, Argentina, Ghana, Pakistan, Panama and Brazil.
ProEnergy's expansion plans are just the latest sign that Missouri's economy is heading in the right direction. Last week, the Missouri Department of Economic Development announced that the state gained 24,300 new jobs in March 2011, and the state's unemployment rate dropped three-tenths of a point to 9.1 percent. The Department previously reported that Missouri finished the calendar year of 2010 with a net gain in jobs created. After two years of substantial job losses, Missouri turned the corner in 2010 and added 1,000 jobs. The state also saw an impressive increase of 35 percent in international exports during 2010.
To help ProEnergy move forward with these plans, the state of Missouri has authorized an economic incentive package worth $8.7 million to the company, which can be redeemed by the company over the next five years provided it meets the requirements of each incentive program.
"By helping Missouri businesses create new jobs, maintaining relentless fiscal discipline, and holding the line on taxes, we are moving our economy forward," Gov. Nixon said. "We will continue to fight every single day, for every single job, to keep our economy heading in the right direction."