Solar Array, Gen. Mills detail expansions - New Mexico Business Weekly:

http://www.raising4boys.com/2008/05/07/tonsilectomy-and-adenoidectomy-it-worked/
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 quarterlyt meeting Thursdayat . Joe Hudgins, presidenrt and CEO of Solat Array Ventures, outlined his company’s plan to builds a massive solar manufacturing plant onthe city’s Westside. General Mills’ expansio should be completed by November, Bone The cereal manufacturer will hire 60additional employees, bringingh additional payroll to the area of $3.5 million.
The expansion also bring $30 million in spending to New The Albuquerque City Council approveda $100 million industrial revenue bond deal for the companu in February. BE&K Corp. from North Carolina landed the design/builf contract to build the expansion, but Bone said 80 perceny of the firm’s spendinv and employees will be local. The precast paneld being used in the construction are manufacturedin Belen. General Mills has been in Albuquerquesince 1991. Its current facility is locatef 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 milliom pounds annually of 35 different cereals.
The facility also has a lab on-sitwe where the instructions for baking General Millxs products at high altitudes are The company has givejnabout $5 million to area nonprofit s since 1998 and $519,000 in scholarships, Bone added. Don Power, chairman of AED, said the cereao company’s donations illustrate one of the thing s the organization looks for inrecruitingv companies: community involvement.
Hudgins said Solar Array planes to break ground by the third quarter of this year ona 225,000-square-foo thin-film photovoltaic manufacturing plant in the Corderpo Mesa business park, west of the mattress The company plans to add three more buildingsa of that size as it he said, with each facility employing about 225. Its annualk payroll in the first phase wouldbe $14 million. Abour five percent of the jobs woulepay $100,000, 45 percent would pay $70,000 and half of the jobs woulxd pay $45,000. The capital investment for the firsyt phase willbe $170 milliohn and the company would spend $40 milliojn annually for raw materials.
The firsty phase is expected to have a capacityg of75 megawatts, but that would grow to 300 mw with the full The plant also will have a space that will serve as a community and educational center. Solar Array is seekinyg $175 million in industrial revenue bondxs fromBernalillo County. The company is workinvg to raise $210 million in debt and equity, Hudgin s said. Hudgins said New Mexico beat out two other states forthe plant, despite the fact that it did not offere the largest incentives.
But the coordination amonfg local and state government officials and other parties made New Mexico far more efficient in establishing a planning framework that the companyu could then use to plan a budgetr forthe plant, he said “That was a majorr issue for us,” Hudgins said. He also praisexd the labor force here and theeducational institutions. The facilityu is being designed byPageSoutherlandPage LLP, which has Texad offices in Austin, Dallas and Houston, as well as Washington, D.C. and U.K. Hoffman Construction, based in Portland, Ore.
, is building the