SIKESTON, MO (KFVS) - Leaders from the Do it Best Corporation announced on Wednesday the company's plans to construct a new retail service center in Sikeston.
The company will close its Cape Girardeau center, and construct a larger facility at Sikeston's Business, Education and Technology Park.
The facility will offer more than 550,000 square feet of warehousing space, along with a 40% increase in the amount of cubic footage available for the inventory and distribution of hardware and lumber products for the co-op's member-owners.
The company's President and CEO, Bob Taylor, says all 115 workers currently employed at the Cape Girardeau center will keep their jobs.
"We couldn't find the spot we needed up there (in Cape Girardeau), but to be down the road in Sikeston is the next best thing, " said Bob Taylor.
Taylor says there is also room to grow, as he says the Do it Best Corporation hopes to add more jobs in the future.
"This site is planned for future expansion," said Taylor. "We are starting with 550,000 square feet and we have room to expand to a million square feet."
He says the economy in the hardware and lumber industry is starting to turn around.
"Business is on the upswing," said Taylor.
Leaders in Sikeston couldn't be more thrilled as there have been recent reports of layoffs and business closures in the Sikeston area.
"This is great news for Sikeston, Scott County, and Missouri, " said Ed Dust-Director of Sikeston Department of Economic Development. "Any time you can keep jobs and get someone to spend $30 million in our area it's a plus."
The company hopes to hold a groundbreaking ceremony by fall, and would like to have construction complete by next spring.
Cape Girardeau Mayor Harry Rediger says it's a loss for Cape, but a gain down the road. Rediger wishes the Do It Best Corporation was staying in Cape Girardeau, but is glad to see the company is staying close.
He says the company has committed to help the city market the building.