Solar Array, Gen. Mills detail expansions - Business Courier of Cincinnati:

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broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturing facility Keith Bone, general manager of the local facility, told members of . AED held its quarterlg meeting Thursdayat . Joe Hudgins, president and CEO of Solar Array Ventures, outlinedf his company’s plan to build a massive solaf manufacturing plant onthe city’s Westside. General Mills’ expansion should be completedby November, Bone The cereal manufacturer will hire 60 additional bringing additional payroll to the area of $3.
5 The expansion also brings $30 million in spending to New The Albuquerque City Council approved a $100 milliobn industrial revenue bond deal for the company in BE&K Corp. from North Carolina landedd the design/build contract to build the expansion, but Bone said 80 percenrt of the firm’s spending and employeesd willbe local. The precast panels being used in the constructio are manufacturedin Belen. General Milld has been in Albuquerquesince 1991.
Its current facility is located near Paseo del Norte and Edith and has 190 with an annual payrollof $12 million, said The 275,000-square-foot plant produces about 135 milliohn pounds annually of 35 different The facility also has a lab on-site where the instructionss for baking General Mills products at high altitudess are created. The company has given about $5 million to area nonprofitss since 1998and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cereal company’s donationa illustrate one of the thing the organization looks for in recruiting companies: communityt involvement.
Hudgins said Solar Array planas to break ground by the thired quarter of this year ona 225,000-square-foot thin-film photovoltaic manufacturing plant in the Corderok Mesa business park, west of the mattressa factory. The company plans to add three more buildingsx of that size asit grows, he with each facility employing about 225. Its annuaol payroll in the first phase wouldebe $14 million. About five percent of the jobs woulfpay $100,000, 45 percent wouls pay $70,000 and half of the jobs wouldx pay $45,000. The capital investment for the first phase willbe $170 millionm and the company would spenc $40 million annually for raw materials.
The first phasw is expected to have a capacity of75 megawatts, but that woulc grow to 300 mw with the full The plant also will have a space that will server as a community and educationa center. Solar Array is seeking $175 million in industria revenue bonds fromBernalillpo County. The company is working to raise $210 million in debt and Hudgins said. Hudgins said New Mexic beat out two other states forthe plant, despite the fact that it did not offer the largestr incentives.
But the coordinationn among local and state government officials and other parties made New Mexick far more efficient in establishing a planning frameworki that the company could then use to plan a budgety forthe plant, he said “That was a majo issue for us,” Hudgins said. He also praisecd the labor force here and theeducational institutions. The facilit is being designed byPageSoutherlandPage LLP, whicbh has Texas offices in Austin, Dallaa and Houston, as well as Washington, D.C. and London, U.K. Hoffman based in Portland, Ore.
, is building the