In another demonstration of Missouri's strong manufacturing sector, Gov. Jay Nixon today announced a $1.1 million planned expansion at Porta-King Building Systems, a company that manufactures modular and prefabricated buildings and wall systems. The company recently purchased a second manufacturing facility at its location in Montgomery City to meet increased sales demand; this expansion is expected to create 20 new local jobs in the next year.
The Governor made the announcement today at Porta-King Building Systems' facility in Montgomery City, where he was joined by company leadership and employees, as well as by community leaders.
"The resurgence of Missouri's economy has been powered by the manufacturing sector, and the latest example is the news that Porta-King Building Systems plans to significantly expand and create 20 new manufacturing jobs," Gov. Nixon said. "This expansion comes after this long-time Missouri employer doubled its local workforce in just the past year, amid record sales. From autos to pre-assembled buildings, manufacturing is helping our state to continue its economic rebound."
Last month, the Department of Economic Development announced that Missouri employers had created 2,300 new jobs during the month of February 2012, while unemployment fell to a 39-month low of 7.4 percent. Through the first two months of 2012, Missouri employers have now created 24,100 new jobs, including 3,200 new manufacturing jobs. In addition to those positive indicators for Missouri on jobs and employment, the Kauffman Foundation released a report in March that ranked Missouri as the sixth best state for entrepreneurial activity, a significant increase from its previous ranking of 35th.
Porta-King Building Systems is a manufacturer of a wide range of modular buildings, prefabricated buildings, modular walls, and prefabricated ballistic buildings and shelters. The company is division of the parent corporation, Jay Henges Enterprises, located in St. Louis. Porta-King Building Systems has had a manufacturing facility in Montgomery City since 1990. Porta-King Building Systems' planned expansion comes after a successful year in 2011, when the company more than doubled its workforce in Montgomery City from 45 to 95 while setting a record in its sales revenue.
Recently, the company purchased a second 60,000-square-foot manufacturing facility adjacent to its main facility in Montgomery City to house its production line for modular buildings. This expansion - a capital investment of $1.1 million into the local economy - will create 20 new local jobs over the next year.
The state of Missouri helped make Porta-King Building Systems' expansion possible through the authorization of $200,000 in Community Development Block Grant funding for infrastructure improvements around the new building, and $76,089 in Enhanced Enterprise Zone tax credits, which the company can redeem if it meets the strict job creation and investment criteria of the program. In addition, the state of Missouri has awarded Porta-King Building Systems a total of $38,000 in Customized Training program funding since 2010.