W.L. Gore gets financing for $130M complex in Phoenix
Written on February 14, 2010
W.L. Gore & Associates Inc. plans to build a $130 million manufacturing facility in Phoenix that initially will employ 500 people and potentially 1,000 at build-out. The project is part of an expansion of the Newark company’s medical products division in Flagstaff.
The construction project is expected to employ an additional 1,800 workers. During the first phase, two 113,000-square-foot facilities will be built on a 40-acre site. The first phase is being built with $130 million in Industrial Development Authority Bonds, to be expended over 18 to 24 month of construction.
Once that first phase is built, 500 people will be employed, including research and development, engineering, manufacturing, quality assurance, marketing, technical oversight and business leadership positions no fax payday loans.
The second phase of the project will be determined by the rate of growth of Gore’s Medical Products Division, but company officials expect to employ between 800 and 1,000 at build-out, with five plants on the Phoenix site.
The project is at 32212 N. North Valley Parkway in Phoenix, which is near Interstate 19 and Carefree Highway.
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