The Jefferson City Area Chamber of Commerce has finalized the sale of 9.16 acres east of Jefferson City to a company that plans to build a plant to manufacture plastic packaging for the food industry.
Morris Converting, a subsidiary of Morris Packaging of Bloomington, Ill., plans to build a 30,000-square-foot facility on Algoa Road, between Scholastic Inc. and Alpla.
The assessed value of the land was not available, and the chamber did not disclose the sale price.
The sale is part of the overall development agreement the company finalized with the Jefferson City and Cole County to provide infrastructure at the site.
In the agreement, Morris has agreed to employ 27 people and spend $3 million for its initial investment, which will consist of the land, building, machinery and equipment.
Missy Bonnot, the chamber's director of economic development, said Morris plans to fast-track construction and opening of its new plant. "They want to be in operation in 2014," she said. They could break ground any day, and they'll be open in the spring of 2014."
More details in Tuesday's News Tribune.