The McCoy Group, parent company of bulk haulers Foodliner and Quest Liner, plans to build a “state-of-the-art” 78,000-sq.-ft. corporate headquarters in Dubuque, Iowa.
According to a local report, the planned expansion is due to “significant growth and customer demand” resulting from the acquisitions of Bay & Bay Transportation’s dry bulk business in October and W.W. Transport in late 2020.
Contingent on approval by the Iowa Economic Development Authority, and securing state and local incentives, the Iowa-based company aims to begin construction next spring and complete the project by summer 2025.
“The proposed building project will upgrade and modernize every aspect of the operation, allowing for future growth and expansion,” Greg McCoy, McGoy Group president, said in a release. “The new state-of-the-art facility will improve our ability to serve our employees, which deserve nothing but the best, and this will ultimately lead to better customer experience for those who do business with us around the country.”
See also: Foodliner buys Bay & Bay’s dry bulk business
The proposed office, and associated 11.5-acre campus, would be located at 2099 Southpark Court, where McCoy currently is headquartered. The group’s businesses also include 26 Freightliner dealerships and 16 John Deere dealerships. The bulk transportation division operates at 40 locations in the U.S. and Mexico.
The company said it anticipates creating at least 18 jobs and plans to add up to 60 new, full-time employees over the next five years, increasing its total employee count to more than 280 people in the corporate office.
“Recruiting talent to the group is essential for the future of our business and this should help us do so,” McCoy added. “This facility will represent all of those who have come before us and made us successful, the approximately 4,000 teammates currently across the country, along with those who will continue to represent us for generations to come.
“Additionally, it will bring a ton of pride to the Tri-State area, and I trust our founders will be proud also.”
The Iowa Economic Development Authority will consider the group’s application this month, the company said, and the Dubuque City Council is expected to consider city incentives during its meeting Dec. 19.