Custom Truck

Construction of a new 21,000 square foot office as well as a new service facility, opening up opportunities for even more expansion of the already growing business.

Investment

  • NMTC Amount: $6,664,000
  • Total Project Cost: $9,092,551

IMPACT

  • 10 FTE jobs
  • 50 construction jobs
  • 21,000 sq. ft. of real estate

CDEs

Investor

Project Description

Looking over the massive, bustling truck lots, it’s hard to imagine what the area might have looked like before Custom Truck & Equipment (CTE) took ownership. With some help from the KCMO CDE’s NMTC program, CTE was able to build a new 21,000 sq. ft. office as well as a new service facility, opening up opportunities for even more expansion of the already growing business. CTE sells, fabricates, modifies, services and finances vocational trucks, cranes and heavy equipment. It is the largest independent truck dealer and leasing office in the United States. With offices in Texas, Colorado and Wisconsin, they are headquartered at 7701 Independence Avenue in a blighted area near I-435. The company owns six buildings totaling 320,000 sq. ft. of space on 50 acres of land. Millions of dollars have been invested in the Kansas City location to build the company and help revitalize the community.

MAP

Address: 7701 Independence Avenue, Kansas City, MO 64125

Census Tract: 29095015500

PDF Profile

Other Missouri Projects

The construction of a peanut processing plant that allows Delta Peanut, a cooperative of 73 family-owned peanut farms, to process and directly sell its peanuts, rather than outsourcing this activity
Multi-nonprofit community empowerment center on the site of the vandalized QuikTrip during the Ferguson unrest now serves thousands of low-income people annually through job training/placement, financial literacy, and other empowerment
St. Louis's economic development arm has committed $5M in federal NMTCs to assist a new manufacturer that makes railroad ties out of recycled plastic.
The redevelopment of the St Louis Centre into a 750-space parking garage and 106,000 square foot of retail space is part of a larger redevelopment plan for a blighted three-square