Solar Array, Gen. Mills detail expansions - Minneapolis / St. Paul Business Journal:

http://movie-shop.us/news.php?id=3
broke ground April 5 on the $100 million, 176,000-square-footy expansion of its manufacturing facility Keith Bone, general manager of the locao facility, told members of . AED held its quarterlyt meeting Thursdayat . Joe president and CEO of SolardArray Ventures, outlined his company’as plan to build a massive solar manufacturinfg plant on the city’s General Mills’ expansion should be completec by November, Bone said. The cerealk manufacturer will hire 60 additional bringing additional payroll to the areaof $3.
5 The expansion also brings $30 million in spending to New The Albuquerque City Council approved a $100 million industrial revenue bond deal for the compangy in February. BE&K Corp. from Northu Carolina landed the design/build contract to build the but Bone said 80 percent ofthe firm’ s spending and employees will be The precast panels being used in the construction are manufactured in General Mills has been in Albuquerque sincd 1991. Its current facility is located near Paseo del Nortr and Edith and has 190 with an annual payrollof $12 said Bone. The 275,000-square-foot plant produces about 135 million poundsa annually of 35 different cereals.
The facility also has a lab on-site where the instructions for baking General Mills products at high altitudes are created. The company has given about $5 million to area nonprofites since 1998and $519,0090 in scholarships, Bone added. Don chairman of AED, said the cereaol company’s donations illustrate one of the things the organizationh looks for inrecruiting companies: community involvement. Hudginss said Solar Array plans to break ground by the thir d quarter of this year ona 225,000-square-foort thin-film photovoltaic manufacturing plant in the Cordero Mesa business west of the mattrese factory.
The company plans to add three more building s of that size asit grows, he with each facility employingt about 225. Its annual payroll in the first phasr wouldbe $14 million. Abougt five percent of the jobs wouldpay $100,000, 45 percenrt would pay $70,000 and half of the jobs woul d pay $45,000. The capital investment for the first phase willbe $170 million and the company would spend $40 million annually for raw The first phase is expected to have a capacity of 75 but that would grow to 300 mw with the full The plant also will have a spacd that will serve as a community and educationalp center. Solar Array is seeking $175 million in industrialk revenue bonds fromBernalill County.
The company is working to raiss $210 million in debt and equity, Hudgins said. Hudginse said New Mexico beat out two other statesz forthe plant, despite the fact that it did not offee the largest incentives. But the coordination amonf local and state government officials and otherf parties made New Mexico far more efficient in establishing a plannin framework that the company could then use to plan a budget for the hesaid “That was a majo r issue for us,” Hudgins said. He also praisefd the labor force here and the educational The facility is being designed byPageSoutherlandPage LLP, whicj has Texas offices in Austin, Dallaa and Houston, as well as Denver, D.C. and London, U.K.
Hoffman based in Portland, Ore., is building the