Columbia’s EquipmentShare proposes $120 million expansion

Columbia-based equipment rental company EquipmentShare wants to expand with a flagship corporate office building facing Interstate 70 and a technology development center, says former Mayor Brian Treece, the company’s vice president of strategy and development.

The cost of the expansion would total $120 million. In the first year, the expansion would add 111 jobs to the company’s existing 417-employee workforce in Columbia.

To do this, the company is seeking forgiveness of 75% of property taxes for 10 years under Boone County’s Chapter 100 incentive.

Treece made the pitch Friday to the Chapter 100 Review Panel, which includes representatives from all taxing entities in the county.

“Our Chapter 100 policy is the only one like it anywhere,” said Dave Griggs, incentives committee chairman for Regional Economic Development Inc.