EquipmentShare opens new industrial and upfitting center in Moberly, investing more than $46 million
Moberly, Mo. — EquipmentShare, an integrated equipment rental and equipment asset management company, celebrated today the grand opening of its new industrial and upfitting center in Moberly. The company is investing more than $46 million and will create 151 new jobs over the next four years.
“We’re excited to see a Missouri-made innovator like EquipmentShare expanding, investing, and creating jobs in our state,” said Governor Mike Parson. “This company’s rapid growth is further proof that Missouri has what it takes to support leading and high-tech employers. We look forward to the positive impact that EquipmentShare will provide in Moberly and beyond as it continues to benefit from our state’s strategic location, low costs, and skilled workforce.”
EquipmentShare’s new industrial and upfitting center in Moberly will house industrial and technology operations including telematics installations, equipment refurbishment, and the manufacturing of attachments for equipment. The new 174,000-square-foot facility will allow the company to expand its research and development program, which includes assembly and telematics installation, as well as launch its tool and material refurbishment program.
“With these new operations, we are truly maximizing the longevity of equipment in every way, changing the construction game,” said Jabbok Schlacks, CEO and co-founder of EquipmentShare. “Our technology is able to monitor machine health and maintain equipment at peak performance – and our specialized technicians and mechanics can refurbish dated equipment, ensuring those machines return to jobsites faster.”
EquipmentShare develops cutting-edge technology that helps contractors from coast to coast build smarter. In addition to providing customers with a best-in-class equipment rental marketplace, the company offers a comprehensive suite of solutions that includes a fleet management platform and telematics devices.
“EquipmentShare’s ongoing growth is an incredible Missouri success story that we’re proud to support,” said Michelle Hataway, Acting Director of the Department of Economic Development. “This innovative company’s new facility in Moberly, now its seventh statewide, is creating even more opportunities for Missourians to prosper. We’re grateful for all our partners who supported this project as EquipmentShare continues to thrive right here in Missouri.”
For this expansion, EquipmentShare will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.
EquipmentShare is now hiring in Moberly for various roles, including service technicians, mechanics, production associates, and research developers. The company offers unique people-first focused benefits like tool reimbursement for service jobs, boot allowance, and 16 hours of time off each year to volunteer. To learn more about the open job positions at EquipmentShare’s Moberly location, visit equipmentshare.com/careers.
What others are saying
"We're proud that EquipmentShare is continuing to invest in Missouri," said Lt. Governor Mike Kehoe. "The company's new Moberly facility is a testament to our state's strategic approach to workforce development and commitment to supporting companies in expanding and retaining a skilled workforce."
"The City of Moberly and its residents are excited to welcome EquipmentShare to our community,” said Randy Asbury, President of the Moberly Area Economic Development Council. “We feel their investment will be a perfect fit for our workforce and the community in general. We are excited about this wonderful project announcement and look forward to working with them to not only achieve success in Moberly, but to add to their extensive investment in the coming years.”
“On behalf of the Moberly Area Economic Development Corporation (MAEDC) Board of Directors, I would like to welcome EquipmentShare to Moberly,” said Chuck McKeown, Moberly Area Economic Development Council Board Chair. “Their presence in Moberly will strengthen our area and we are proud to have them call Moberly home for this significant investment in our economy.”
About EquipmentShare
EquipmentShare, founded in 2015 and headquartered in Columbia, Missouri, is a nationwide construction technology and equipment solutions provider dedicated to transforming the construction industry through innovative tools, platforms and data-driven insights. By empowering contractors, builders and equipment owners with its proprietary technology, T3, EquipmentShare aims to drive productivity, efficiency and collaboration across the construction sector. With more than 195 locations nationwide, the company is changing the construction game. EquipmentShare now has operations in seven Missouri cities including Columbia, St. Louis, Kansas City, Joplin, Springfield, Cape Girardeau and now Moberly.
To learn more about EquipmentShare, visit equipmentshare.com.
About the Missouri Department of Economic Development
The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri’s businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.
For the latest updates on DED’s current or future programs and initiatives, visit DED’s website.
About the Missouri Works Program
As the state’s number one incentive tool for expansion and retention, the Missouri Works Program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri.
Join Us Tomorrow!
The Midwest Manufacturers Trade Show & Conference brings together manufacturers, suppliers, industry experts, advanced technologies, and support services from across the Midwest for two days of learning, sharing and connecting.
In today's highly competitive world of change and uncertainty, those who build trust, lead with courage, and collaborate with others will dodge the missiles of adversity and win. This year's theme, Never Fly Solo, comes from our Keynote Speaker, Lt. Col. Waldo Waldman. His presentation Tuesday night, along with every breakout session during this two-day event, will provide tools to overcome obstacles, break performance barriers, and take charge of change during adverse times.
Leadership Northeast - Enroll Now for 2024!
What is Leadership Northeast Missouri?
A regional leadership institute, which consists of six learning and networking sessions throughout the northeast Missouri region. The learning topics include: Transportation/Infrastructure, Healthcare, Workforce, Broadband/Agriculture, Navigating Government Systems. The leadership component utilizes the Myers-Briggs Type Indicator test, along with the Army Training Manual to round out the leadership conversation.
Who Should Participate?
Anyone interested in enhancing their leadership skills and gaining a deeper understanding of our region. Leaders and future leaders.
Why Should I Participate?
Boost your leadership skills
Develop a deeper understanding of issues facing our region
Enhance your ability to evaluate issues in a regional context
Identify avenues for active participation at the local and regional level
Create a network of regional contacts
This February MU will be launching their 3-day intensive program jointly offered by the University of Missouri- Columbia’s College of Engineering and the Missouri Training Institute. The Leadership Institute is ideal for the heavy civil, commercial, or industrial construction industries and is a great opportunity for employers looking to invest in their employee’s professional growth. Over 11.9% of Missouri job postings in the construction industry in 2022 were for construction managers.
The Leadership Institute is designed to meet this demand for construction managers by supporting employers with growth from within. Leadership Institute Participants will engage in workshops to enhance their supervisory skills and gain fundamental knowledge in construction contracts, estimating, planning and scheduling, construction safety, and workforce trends and issues directly impacting the construction industry. Registration is open and spots for the 2024 Leadership Institute cohort are limited. PDHs are available.
Visit the Construction Management Leadership Institute for more information.
Program Dates:
Wednesdays, February 7, 14, and 21 in Columbia, Missouri.
Daily schedule from 8:30 a.m. – 4:00 p.m.
Closing ceremony and networking reception on February 23.
Year in Review - 2023
As we approach the close of another year, it brings us great pleasure to extend our heartfelt gratitude to you for your unwavering support and commitment to the Moberly Area Economic Development Corporation (MAEDC). 2023 has been a year filled with remarkable achievements, growth, and transformation, and it is thanks to your partnership that we continue to advance and shape the economic landscape of our community. You can find some of the key highlights from this year in the attached flyer.
Does YOUR Business Have a Marketing Plan?
Marketing takes time, money, and preparation. One of the best ways to stay on schedule and on budget is to make a marketing plan. It describes the actions you’ll take to persuade potential customers to buy your products or services.
Your business plan should contain the central elements of your marketing strategy. Your marketing plan turns your strategy into action. Visit SBA.gov to learn more about creating a marketing plan for your business.
Missouri Economic Dashboard
Thank You Industrial Club Sponsors!
The collective efforts of our Industrial Club members have not only strengthened our organization but have also had a profound impact on the lives of countless individuals in our community. Together, we have been able to generate job opportunities, enhance workforce development, and foster an environment conducive to innovation and prosperity.
MOBERLY AREA ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT PROVIDER FOR HOWARD COUNTY THROUGH A PARTNERSHIP WITH THE HOWARD COUNTY ECONOMIC DEVELOPMENT COUNCIL.
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