New Jobs Bring New Revenue But Why Columbia?

7 years 5 months 5 days ago Tuesday, May 18 2010 May 18, 2010 Tuesday, May 18, 2010 10:48:39 AM CDT May 18, 2010 in News

IBM will move into an already existing structure, but that structure has been vacant. So the new business will bring new tax revenue.

Over the next ten years tax revenue will increase

$7 million dollars for the city

$4.3 million dollars for Columbia Public Schools,

and $4.7 million dollars for Boone County.

Columbia mayor Bob McDavid also expects the IBM move to include 300 additional homes.

"It just brings a lot of jobs, not just with this one announcement of a company, but the interest with trying to have a need to increase the supply of homes if it happens to help a lot of different businesses along the way," said Columbia Board of Realtors President Kenny Hubble.

IBM will now be one the largest employers in Mid-Missouri. Currently, the largest private employer in Columbia is MBS Textbook Exchange with just more than 1,200 employees.

But why would the company choose Columbia?

An IBM spokesman said this was for 3 reasons.

The strong public and private partnership, the talented work force in mid-Missouri, and the competitive business model.

That business model includes economic incentives Governor Nixon discussed Monday afternoon. Such as,

$4.2 million dollars for new jobs training

$8.6 million dollars from the Missouri Build Program

$4.7 million dollars from the Missouri Quality Jobs Program.

"Additional people will be thinking about moving, moving up, or moving down, or in the process of knowing, ok there's additional home buyers in the market at this point in time," said Hubble.

Governor Nixon said this new business and its effect, is an example of a great return on investment.

More News

Grid
List
FULTON - Fulton police arrested a man Sunday on suspicion of kidnapping and domestic assault. Someone called the Fulton... More >>
7 hours ago Sunday, October 22 2017 Oct 22, 2017 Sunday, October 22, 2017 5:47:00 PM CDT October 22, 2017 in News
JEFFERSON CITY (AP) — Missouri's capital city scored poorly in a recent ranking of cities evaluating which places offer the... More >>
9 hours ago Sunday, October 22 2017 Oct 22, 2017 Sunday, October 22, 2017 4:07:00 PM CDT October 22, 2017 in Continuous News
COLUMBIA - Pet owners brought their dogs and cats to Lizzi and Rocco’s pet store for a halloween themed photoshoot.... More >>
9 hours ago Sunday, October 22 2017 Oct 22, 2017 Sunday, October 22, 2017 3:58:00 PM CDT October 22, 2017 in News
FULTON - Through an exchange in the Columbia Mothers of Multiples Facebook group , Katie Hanney gave and delivered a... More >>
9 hours ago Sunday, October 22 2017 Oct 22, 2017 Sunday, October 22, 2017 3:35:00 PM CDT October 22, 2017 in News
ST. LOUIS (AP) — In some St. Louis barber shops and beauty salons, customers might get sex education while having... More >>
13 hours ago Sunday, October 22 2017 Oct 22, 2017 Sunday, October 22, 2017 11:50:00 AM CDT October 22, 2017 in News
Moberly - An arraignment is scheduled Monday for a Moberly man facing several felony charges ranging from incest, rape or... More >>
16 hours ago Sunday, October 22 2017 Oct 22, 2017 Sunday, October 22, 2017 9:00:00 AM CDT October 22, 2017 in News
COLUMBIA- Missouri and Kansas will play a friendly version of their 'Border War' rivalry for the first time since 2012.... More >>
18 hours ago Sunday, October 22 2017 Oct 22, 2017 Sunday, October 22, 2017 6:56:00 AM CDT October 22, 2017 in News
COLUMBIA - An armed robbery occurred Saturday night at an O’Reilly Auto Parts store on Cooper Drive. CPD officers... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 10:10:35 PM CDT October 21, 2017 in News
COLUMBIA - One man was taken to a local hospital for a gunshot wound received Saturday night. CPD officers... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 9:56:00 PM CDT October 21, 2017 in News
NEW FRANKLIN - The Missouri River Relief organized about 250 volunteers Saturday to remove trash from the Missouri River as... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 7:38:00 PM CDT October 21, 2017 in News
COLUMBIA - Officers responded to reports of shots fired at about 6:00 p.m. Saturday at the McDonald's Restaurant on Stadium... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 7:36:00 PM CDT October 21, 2017 in News
BOONE COUNTY – Four people were injured in a three-vehicle collision at Obermiller Road Saturday afternoon according to a sergeant... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 6:24:00 PM CDT October 21, 2017 in News
FULTON - Dozens of trucks raced though the mud to raise money for the Central Missouri Honor Flight Saturday at... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 5:48:00 PM CDT October 21, 2017 in News
JEFFERSON CITY (AP) — The state no longer will make children in foster care pay a $15 fee to get... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 4:56:00 PM CDT October 21, 2017 in News
HOLTS SUMMIT- New bike lines were painted in Holts Summit Thursday to make cycling safer and more accessible. The... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 3:49:00 PM CDT October 21, 2017 in News
JEFFERSON CITY- Local entrepreneurs walked away with some cash Saturday after an annual pitch off competition. The sixth annual... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 3:42:00 PM CDT October 21, 2017 in News
ST. LOUIS (AP) — The St. Louis public school district is suing 32 teachers for breaking their contracts by leaving... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 3:35:00 PM CDT October 21, 2017 in News
COLUMBIA - The University of Missouri Museum of Art and Archaeology hosted an explorative event on Saturday for International Archaeology... More >>
1 day ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 3:23:00 PM CDT October 21, 2017 in News
Columbia, MO
Broken Clouds 50°
2am 46°
3am 44°
4am 44°
5am 43°

Select a station to view its upcoming schedule:

Coming Up Next

1:05a
Meet the Press
2:05a
Paid Program
2:30a
Paid Program
1:30a
Paid Program
2:00a
Paid Program
2:30a
Paid Program

Tonight's Schedule

7:00p
The Voice
9:01p
The Brave
7:00p
Supergirl
8:00p
Valor
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld