Solar Array, Gen. Mills detail expansions - Boston Business Journal:

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broke ground April 5 on the $100 million, 176,000-square-foot expansion of its manufacturinffacility here, Keith Bone, general manager of the localp facility, told members of . AED held its quarterlh meeting Thursdayat . Joe president and CEO of SolarArray Ventures, outlinedr his company’s plan to build a massives solar manufacturing plant on the city’ws Westside. General Mills’ expansion shoulc be completedby November, Bone said. The cereal manufacturer will hire 60additionalp employees, bringing additional payroll to the area of $3.5 million.
The expansio n also brings $30 million in spending to New The Albuquerque City Counci l approveda $100 million industrial revenue bond deal for the compant in February. BE&K Corp. from Nortbh Carolina landed the design/build contract to build the but Bone said 80 percent ofthe firm’as spending and employees will be local. The precas t panels being used in the construction are manufactured in General Mills has been in Albuquerquesince 1991. Its curreng facility is located near Paseo del Norte and Edith and has190 employees, with an annuao payroll of $12 million, said Bone. The 275,000-square-foo t plant produces about 135 million pounds annually of 35differenft cereals.
The facility also has a lab on-site wherwe the instructions for baking General Mills products at high altitudes are The company has givenabout $5 million to area nonprofitsd since 1998 and $519,000 in scholarships, Bone added. Don chairman of AED, said the cereal company’zs donations illustrate one of the thingas the organization looks for inrecruitiny companies: community involvement. Hudgins said Solat Array plans to break ground by the third quarte of this year ona 225,000-square-foot thin-filjm photovoltaic manufacturing plant in the Corderol Mesa business park, west of the mattress The company plans to add three more building of that size as it grows, he said, with each facilitt employing about 225.
Its annuakl payroll in the first phas e wouldbe $14 million. About five percent of the jobs wouldpay $100,000, 45 percent wouldd pay $70,000 and half of the jobs wouldc pay $45,000. The capital investment for the first phaser willbe $170 million and the company would spend $40 million annually for raw The first phase is expected to have a capacith of 75 megawatts, but that would grow to 300 mw with the full The plant also will have a space that will servr as a community and educationakl center. Solar Array is seeking $175 million in industria revenue bonds fromBernalillo County.
The company is working to raisre $210 million in debt and equity, Hudgins Hudgins said New Mexico beat out two othefr states forthe plant, despite the fact that it did not offert the largest incentives. But the coordination among local and states government officials and other parties made New Mexicp far more efficient in establishing a planniny framework that the company could then use to plan a budge t forthe plant, he said “That was a majoer issue for us,” Hudgins said. He also praised the labofr force here and theeducational institutions.
The facilitty is being designed byPageSoutherlandPage LLP, whichu has Texas offices in Austin, Dallas and as well as Denver, Washington, D.C. and London, U.K. Hoffmabn Construction, based in Portland, Ore., is buildingt the facility.