Regional Economic Development Inc. announcing coming of high-impact company Monday

Friday, May 14, 2010 | 3:39 p.m. CDT; updated 12:00 p.m. CDT, Monday, May 17, 2010

COLUMBIA — A company that economic development officials say will have the "most significant impact" on private-sector jobs in Columbia's history will be announced Monday.

Regional Economic Development Inc., a public-private partnership that promotes business development in Columbia and Boone County, announced on Friday that details will be released at 1 p.m. Monday on the plaza of City Hall at Eighth Street and Broadway.

Missouri Gov. Jay Nixon and company officials will attend, according to a news release from Dave Griggs, chair of Regional Economic Development.

"The company will fit into the ranking of top 10 employers in Boone County," Mike Brooks, president of Regional Economic Development, said in an interview Friday afternoon.

"It will be Columbia's single largest private sector project in terms of new job attractions," he said.

A list of leading employers in fall 2009 from Regional Economic Development includes MBS Textbook Exchange, 1,269; State Farm Insurance Cos., 1,104; Shelter Insurance Cos., 1,095; Hubbell Power Systems, 585; and Kraft Foods Columbia, 503.

Brooks declined to disclose the number of the employment opportunities, calling them "good technical and professional jobs."

He said the company will be comparable in size to other big employers in Columbia such as Kraft Foods and 3M.

Brooks would not discuss the factors that attracted the enterprise to Columbia but cited the "college community" and availability of highly skilled workers.

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