By Heartland News
CAPE GIRARDEAU, MO (KFVS) - A health care cooperative will create 135 new jobs in Cape Girardeau over the next year.
Gov. Jay Nixon made the announcement Wednesday that the Hometown Innovation Team will create 135 jobs as it renovates a 90,000 square feet in downtown Cape Girardeau.
The H&H Building (400 Broadway), the Marquette Center (221 North Fountain) and the First Federal Building (325 Broadway) will be fully renovated for current and future retail and office space, according to the Hometown Innovation Team.
Hometown Innovation Team plans a the lower and first levels of 325 Broadway to be remodeled for corporate offices and training facilities. The second floor is currently occupied.
The team plans a full renovation for the unoccupied Marquette Center and also connecting it to the H&H Building. The H&H Building and parking will be fully renovated to provide office and retail space with plans to keep the current tenants.
Watch Me Smile Dental and Vision Cooperative will be located in the renovated Marquette Center to offer full service dental, vision, and chiropractic services. The clinic is expected to open the summer of 2011.
The $10 million capital investment project will include sales, phone technicians, dentists and oral surgeons.
Governor Jay Nixon says this project, along with the Isle of Capri Casino, will revitalize downtown.
"Bringing back vibrancy to downtowns of middle and small sized towns across Missouri is one of the key things we work on each and every day, and this is a concrete example of how that can make a real difference," Nixon said.
Hometown Innovation Team received $1,352,895 in Missouri Quality Jobs incentives which provides tax credits to businesses that create a predetermined number of jobs and meets other qualifications. The incentive package also includes a $750,000 Community Development Block Grant funding to help offset the costs of purchasing equipment and set up training for new employees.