A job-generating project that had been seriously considering Northeast Missouri as a point of destination won’t be coming. That news was shared by George Walley with members of the Northeast Missouri Economic Development Council during its Wednesday morning meeting at Hannibal City Hall.
Walley, the Council’s executive director, said the Missouri Partnership was notified last month that the project could not be coming to any site in Missouri at this time.
“It was a very complex project,” he said, explaining the “advanced manufacturing” project would have been working in conjunction with a number of Missouri companies.
According to Walley, this area “was on the short list of sites” under consideration by the company, whose identity remains “confidential because of the potential” it could reconsider coming to Missouri.
According to information provided Walley, the company stated that none of the Missouri sites under consideration proved “viable.” The company indicated it was re-concentrating its efforts at keeping the project close to its “primary headquarters plant.”
The firm did salute Missouri’s efforts to bring the project to the Show-Me State, calling the delivery “highly professional.”
While Northeast Missouri missed out on one project, other opportunities are still being explored.
Walley told the Council that one expanding manufacturer is considering a state incentive proposal.
“I feel that they will execute their expansion regardless of whether they choose to pursue a state incentive,” wrote Walley in a memo to Council members.
Several non-manufacturing proposals have been presented to “very interested investors,” reported Walley.
“One has declined an immediate investment, but still has Hannibal high on the list of expansion locations,” wrote Walley in his report.
Walley added that several committees have been focused on proposals.
“We see many opportunities on the horizon,” he wrote.