Expansion at the efactory
Big things are coming.
The efactory is excited to be expanding our footprint on the second and third floors of the Robert W. Plaster Free Enterprise Center. Our expansion project is made possible through a $1.25 million grant from the U.S. Economic Development Administration. The grant will be matched with $1.25 million in local investment and is expected to create 360 jobs and spur $27 million in private investment.
This project was made possible by Missouri State University’s commitment to bringing together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment, and create jobs.
Construction kicked off on October 25, 2019 and is expected to be completed in early 2021. Schedule a tour to see the spaces for yourself.
News about the expansion project:
- efactory explores expansion opportunties, efactory news, June 10, 2019
- efactory receives $1.25 million EDA grant award, efactory news, August 27, 2019
- U.S. Department of Commerce invests to expand Missouri State business incubator, Missouri State News, August 27, 2019
- Federal Government Awards $1.25M grant to efactory, Springfield Business Journal, August 28, 2019
- Springfield's efactory receives $1.25 million federal grant, Missouri Business Alert, August 28, 2019
- Federal grant paves way for $2.5 million expansion of efactory, Springfield News-Leader, August 31, 2019
What we're working on:
Eight new private offices will be built on the second floor of the Robert W. Plaster Free Enterprise Center. Offices will range in size from 450 - 600 square feet. Completed September 1, 2020.
Training & Event Space
A large training and flexible use space will be constructed on the building's mezzanine level. The space will include flexible seating configurations, projectors, and more.
A new conference room will be constructed on the building's second floor. This new conference room will accompany the five existing conference rooms on the first floor. Completed September 1, 2020.
Separate from the EDA award and corresponding expansion, the efactory is exploring options to add a rooftop terrace to the building as part of the larger IDEA Commons expansion project.
Why here and now?
We opened our doors in March 2013 with one goal in mind – to serve as a one-stop shop for small business owners and entrepreneurs throughout southwest Missouri. Our private offices have been fully occupied since the fall of 2017 and our activity level continues to climb. More space upstairs will open the door to even more economic impact.
The efactory is located in downtown Springfield inside the Robert W. Plaster Free Enterprise Center. We are proud to be part of the IDEA Commons district, Missouri State University's vision to create an urban innovation park. The efactory is located in a Tax Cuts and Jobs Act designated Opportunity Zone.