KANSAS CITY—The Missouri Department of Economic Development (DED) today announced that Custom Truck & Equipment has expanded its national headquarters in Kansas City. The expansion project includes a $7,050,000 capital investment and is expected to create 43 new jobs.
“Today’s announcement is more proof that Missouri’s economy continues to grow and thrive,” said Mike Downing, director of the Missouri Department of Economic Development. “Custom Truck & Equipment’s investment in the Show-Me State validates our pro-business climate and superior workforce. I look forward to growing our partnership with Custom Truck & Equipment as we work together to move Missouri forward.”
Custom Truck & Equipment specializes in the rental, sales and custom modification of cranes, vocational trucks and heavy equipment. The company serves clients primarily in the oil, gas and utility, railroad and maintenance of way, building construction, mineral exploration, road infrastructure, propane and material distribution, and disposal and hauling industries. Custom Truck & Equipment provides an unmatched range of products and one of the largest inventories, making the company a nationally recognized name in its industry. Due to an increased demand of Custom Truck & Equipment’s products and services, the company is adding two new structures totaling 186,000 square feet to its Kansas City location. The additions to the facility are expected to be operational by June of 2015.
“Expanding our presence in Kansas City provides a great opportunity for Custom Truck & Equipment to further enhance the services we provide, and we’re grateful to both our state and local partners for their assistance in our expansion project,” said General Manager, Chris Ross. “Kansas City has proven to be an outstanding business location and we remain committed to investing and growing right here in Missouri.”
"This expansion is great news for our local economy and shows that our economy is strong, multifaceted and growing," said Mayor Sly James. "I'm so proud of Custom Truck and Equipment's growth and look forward to many more years of positive news from them."
To assist Custom Truck & Equipment with its expansion, the Department of Economic Development has offered a strategic economic incentive package that the company can receive if it meets strict job creation and investment criteria. The City of Kansas City and the Economic Development Corporation of Kansas City also partnered with Custom Truck & Equipment to make its expansion possible.