On Monday, information technology company IBM announced plans for a new service center that will eventually bring 800 jobs to Columbia.
Mayor Bob McDavid called IBM’s decision to come here “the second most important public-private partnership in the history of Columbia,” exceeded only by the founding of MU, according to a previous Missourian story.
He said IBM is expected to benefit public schools and government by paying millions in taxes. It also is expected to stir the real estate market by creating new demand for a projected 300 houses for company employees.
The annual average wage of all the new jobs will be $55,000, according to a statement issued by Regional Economic Development Inc., a public-private partnership that promotes business development in Boone County.
Department of Economic Development officials said the effort, dubbed "Project Tiger," would rank among the nation’s top 10 job creation projects in 2010, according to a Columbia Daily Tribune article.
The company will move into a vacant building at 2810 LeMone Industrial Blvd., and hiring of new employees is expected to start this summer. The company hopes to have 800 positions at an annual payroll of $44 million by 2012.
In what ways do you think Columbia will benefit from the new IBM facility?