Sikeston receives $2M grant for South Industrial Park development
SIKESTON, Mo. (KFVS) - The City of Sikeston received a $2 million grant for the development of the South Industrial Park.
The grant money is from the U.S. Department of Commerce’s Economic Development Administration. The project will be matched with $657,000 in other federal funds and $236,700 in local funds.
“As mayor, I couldn’t be more proud to see everybody come together and be more thankful for all the help and making sure a project like this is successful,” Sikeston Mayor Greg Turnbow said.
He said they expect to have a groundbreaking by the end of August.
The $2 million will go into the revitalization of the southern area located just outside of Sikeston city limits, expanding its development area by adding more building structures and raising its economy.
“For the community, that will bring more tax dollars to the community,” the mayor said. “Also, you will see more housing, you’ll see more retail.”
It’s also expected to create 100 jobs and generate nearly $30 million in private investment.
Director of Public Works Jay Lancaster said the city is developing the new industrial park from scratch, which provides more jobs for the community and makes Sikeston a recognizable city.
“Sixty-two-million-dollar plant is going to be built over the next couple of years,” he said. “That’s going to put local contractors, keep them busy. It’s going to impact going to eat lunch at restaurants and going to get local supplies and different things.”
Which is why he said the location will be beneficial to all.
“This property came up because it’s proximity to U.S. 60, so there’s direct access to a four-lane highway,” he said. “It has access to railroad, and it’s out of the flood plane. And it’s just a great location.”
According to the EDA, the project was made possible by the regional planning efforts led by the Bootheel Regional Planning and Economic Development Commission.
“President Biden is committed to helping our communities advance their plans to create economic opportunity for their citizens,” said Secretary of Commerce Gina M. Raimondo. “This EDA investment in Sikeston will help to establish an industrial park that will attract manufacturing and other businesses to the region.”
Governor Mike Parson said the grant will help “spur the economic growth in the entire Bootheel region.”
“Missouri is a national leader when it comes to business investment and new manufacturing facilities coming to our state,” he said. “This grant will assist the Sikeston community in capitalizing on our business-friendly economy and attracting more business investment and good-paying jobs to the Southeast region.”
The South Industrial Park project is slated to be complete within the next two years.
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