Marshalltown plans major expansion creating hundreds of jobs

In a recent government meeting, discussions centered around the approval of a significant economic development project involving Marshalltown, a family-owned company planning to establish a new facility in Kansas City, Kansas. The proposed project includes the issuance of $27 million in industrial revenue bonds, aimed at supporting the construction of a nearly 208,000 square foot facility in the 435 logistics park.

The meeting highlighted the anticipated job creation, with starting wages projected at around $22 per hour, and skilled positions potentially earning between $30 to $40 per hour. This initiative is expected to generate substantial economic benefits for the local community, including an increase in property tax revenues from approximately $14,000 to over $2.6 million over the next decade, thanks to a graduated tax abatement plan.

Monica Brady, vice president of workforce solutions with the Wyandotte Economic Development Council, expressed strong support for the project, emphasizing the importance of local hiring. She noted that the company aims to prioritize employment for residents of Wyandotte County, which is crucial for the area's economic growth.

The meeting also addressed concerns regarding the company's workforce diversity. Representatives indicated that while specific statistics were not maintained, the workforce is notably diverse, particularly in Fayetteville, where the company has a significant presence. The discussion included a commitment to engage local contractors for the construction of the new facility, further integrating the company into the community.

The committee unanimously approved the motion to set a public hearing for August 29, 2024, as part of the process for finalizing the bond issuance. The approval marks a significant step forward for Marshalltown's expansion and the potential economic uplift for the Kansas City area.