Springfield Chosen for $40 Million Expansion by 3M Corp.

SPRINGFIELD, Mo. -- Economic incentives, approved for the 3M Corporation last fall by the Springfield City Council, are now paying off.

The Missouri Department of Economic Development confirmed Wednesday 3M will invest $40 million in an expansion at it's Springfield manufacturing plant, adding about 90 new employees over the next few years.

The decision by 3M comes after the Springfield City Council voted last November to pass a resolution of intent to support the new project, which included assurances of a tax abatement for 3M.  The Council also approved the intent to issue bonds, where payments would be reimbursed by the company.   A similar measure was approved for an expansion of Springfield's Kraft plant.


"We want to be attractive to 3M. Continue to have them as a strong local employer and do what we can to bring in the jobs that would come with this expansion," said Ken McClure, who was Springfield Mayor Pro Tem at the time.  McClure is now the Mayor.

Corporate officials at 3M announced plans to invest $40 million at one of its corporate properties, but had not decided where when the Council took the action.

“This investment builds upon our 50 years of successful operations in Springfield and our commitment to the community,” Frederick James, the 3M plant manager in Springfield,  said Wednesday in a news release from the Department of Economic Development.

Based in Minnesota, the Fortune 100 multinational company has operations in more than 70 countries. 3M also has operations throughout Missouri including Columbia and Nevada.

 


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