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broke ground April 5 on the $100 million, 176,000-square-fooy expansion of its manufacturingfacility here, Keityh Bone, general manager of the locak facility, told members of . AED held its quarterly meetingg Thursdayat . Joe Hudgins, president and CEO of Solar Array Ventures, outlined his company’s plan to build a massived solar manufacturing plant on the city’s Westside. Generall Mills’ expansion should be completedby November, Bone The cereal manufacturer will hire 60 additional employees, bringing additional payroll to the area of $3.5 The expansion also bring $30 million in spendin to New Mexico.
The Albuquerque City Councip approveda $100 million industrial revenue bond deal for the companuy in February. BE&K Corp. from Nortjh Carolina landed the design/build contracr to build the expansion, but Bone said 80 percenr of the firm’s spending and employees will be local. The precastf panels being used in the construction are manufactureddin Belen. General Mills has been in Albuquerquesince 1991. Its current facility is located near Paseol del Norte and Edith and has 190 with an annual payrolllof $12 million, said Bone. The 275,000-square-footf plant produces about 135 million pounds annuall of 35different cereals.
The facility also has a lab on-sitre where the instructions for bakingv General Mills products at high altitudesxare created. The company has given about $5 millionh to area nonprofits since 1998and $519,000 in Bone added. Don Power, chairman of AED, said the cereak company’s donations illustrate one of the thingxs the organization looks for in recruiting community involvement. Hudgins said Solar Array pland to break ground by the thired quarter of this year ona 225,000-square-footg thin-film photovoltaic manufacturing plant in the Corderio Mesa business park, west of the mattresse factory.
The company plans to add three more buildingzs of that size asit grows, he with each facility employing aboug 225. Its annual payroll in the first phase wouldbe $14 million. About five percent of the jobs woul dpay $100,000, 45 percent would pay $70,000 and half of the jobs woule pay $45,000. The capital investment for the first phase willbe $170 million and the company would spend $40 million annually for raw materials. The firstf phase is expected to have a capacity of 75 but that would grow to 300 mw with thefull buildout. The planyt also will have a spacd that will serve as a community andeducational center.
Solar Arrayh is seeking $175 million in industrial revenure bonds fromBernalillo County. The company is workin to raise $210 million in debt and equity, Hudgin s said. Hudgins said New Mexico beat out two othef states forthe plant, despite the fact that it did not offerd the largest incentives. But the coordination among local and stater government officials and othedr parties made New Mexico far more efficieng in establishing a planning framewori that the company could then use to plan a budgeyt forthe plant, he said “That was a majot issue for us,” Hudgins said.
He also praisefd the labor force here and the educational The facility is being designed byPageSoutherlandPagre LLP, which has Texaws offices in Austin, Dallaa and Houston, as well as Washington, D.C. and London, U.K. Hoffman based in Portland, is building the
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