“Fortunately, we had stored enough nuts in our treehouse that we got through the pandemic,” he said.
The coronavirus pandemic impacted year-over-year profits, which dropped about 30%, Sheppard said, declining to disclose financials.
The plan is rolling out amidst a down financial year in 2020 for the company. “In 2020, we added 255,000 square feet and spent $20 million on our facilities. “We have started, for 2021, $8.5 million to $9 million worth in projects,” Moger said. However, a timeline is not yet set as it’s dependent on growth, he said, adding drawings for the facility are being finalized. A Phase III warehouse and manufacturing building to the north of the current plant would add another 250,000 square feet. The 10-year plan begins with the 135,000-square-foot Phase II of the Mulroy facility, which was just built last year at 165,000 square feet, he said. “We don’t actually have that data broken down by who the owner or tenant is.”Īn expansion project in the city’s northeast for SRC Logistics, at 2607 N. “They’d definitely be one of the top,” Mooney said of SRC. The Seattle-based online retailer also plans to open a nearly 85,000-square-foot “AMXL” delivery station in Springfield this month. Amazon is building a 1.3 million-square-foot distribution and fulfillment center in Republic, set to open in August. (Nasdaq: AMZN) also represent large industrial spaces in Greene County. Mooney said he’s uncertain where SRC would rank among industrial property owners in the city. “By the time this is all said and done, they’ll occupy about one-tenth of our industrial base, which is fantastic to have a growing homegrown company like that,” he said of SRC’s plans to expand its footprint to around 3 million square feet in Springfield. Ryan Mooney, vice president of economic development for the Springfield Area Chamber of Commerce, said the plan shows SRC is serious about growing locally. “It’s going to be a growing, changing, dynamic enterprise.” “It’s not going to be confined to the one ball we have up in the air right now,” he said. Sheppard said the 10-year plan, which incorporates five of the company’s facilities, paints a picture for prospective employees that SRC is committed to long-term investment. She said the company employs roughly 1,700 people across its 10 subsidiaries.
Krisi Schell, executive vice president of human resources, recently told SBJ that SRC estimated a need to add about 100 employees over the next 30 to 60 days. “And we’re working for the people of the future.” “We’re working on the factories of the future,” SRC CEO Jack Stack said in an exclusive interview with Springfield Business Journal. SRC General Counsel Dennis Sheppard said “at least” 600 of the positions will be in Springfield. Officials said the expansion plans, by 2025, would create more than 900 jobs, some of which would be at SRC facilities in Kentucky and Illinois. The company currently has over 2 million square feet across nine properties in Springfield. The Springfield-based group of remanufacturing businesses intends to expand existing Queen City properties to the tune of 1.1 million square feet over the next decade, said Dick Moger, SRC executive vice president. is planning $75 million-$100 million worth of developments through its new 10-year plan, according to company officials.