- Two men seriously hurt in crash near Fruitland (9/21/16)3
- Community helps Jackson family with two cases of muscular dystrophy (9/19/16)
- Perryville man arrested for alleged patronizing prostitution, harassment (9/23/16)6
- Eldorado Resorts to buy Isle of Capri Casinos (9/20/16)7
- Concealed-carry restrictions remain in Missouri despite new state law (9/18/16)22
- Video and evidence largely confirm trooper's claims in April traffic stop shooting (9/23/16)6
- Funeral procession of former Cape Girardeau police chief Henry H. Gerecke (9/22/16)17
- Cape man accused of attacking pregnant girlfriend (9/22/16)
- Poplar Bluff man accused of beating a grandmother to death with baseball bat (9/18/16)
- Cape man may lose eye after shovel beating, police say (9/25/16)2
Last week the Cape Girardeau County Commissioners approved a resolution of intent to issue industrial development bonds for an expansion at the local Procter & Gamble plant, a project expected to total $300 million.
Though pending other government approvals, the project, financed via Chapter 100 bonds, would produce up to 200 construction jobs and 35 full-time positions. The company looks to spend $250 million on new equipment as well as $50 million on a new building.
Procter & Gamble is an important company for our local economy, and the additional jobs created through this expansion are especially welcome during these uncertain economic times.
Going through the Chapter 100 option is not new to the local P&G plant. Nearly $1 billion in Chapter 100 bonds have been issued for the local plant since 1998. For the business this financial arrangement provides a level of certainty, and locally the county benefits from the economic activity and jobs generated. P&G's presence has been great for our area.
On a different issue, former Cape Girardeau Procter & Gamble plant manager Rick McLeod will be in town today. He will be speaking at 7:30 a.m. at the United Way of Southeast Missouri's CEO Breakfast at Drury Lodge. McLeod was a transformative leader for the local plant and was active in our community during his tenure here. We're happy to welcome him back to Cape Girardeau this morning.