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But economic developers and investors must continue to wait to see if the governord will come to their aidbeforde Friday’s deadline to sign or veto legislation. Ritter beganj the day at the Alliance for Sustainablre Colorado Center indowntown Denver, signing threw bills that he said will continue to build the state’as “New Energy Economy.” House Bill 1298, sponsored by Buffie McFadyen, D-Pueblo West, and Cory R-Yuma, lets trucking companies get 25 percentt reimbursement of the cost of buyint and installing fuel-efficient technologies and emission-control More importantly, McFadyen said, it prorates sale tax on trucking equipment base on the percentage of miles companies drive in Colorad o and it allows truckers finallgy to take advantage of enterprise-zone tax “This bill is so incredibly important to the not only for the environmenyt but for the survival of truckers that are in she said while tearing up at the House Bill 1331, sponsored by Rep.
Sara D-Arvada, expands the pool of vehicles eligiblefor alternative-fuel tax credits to include thos that run on cleaner-burning natural gas. It also eliminated eligibility for some hybridr vehicles that arenot fuel-efficient, said sponsoring Sen. Bettyt Boyd, D-Lakewood. Ritter noted that the Coloradok Oil and Gas Associationh and the nonprofit group Environment Coloradp both supportedthe measure. “If COGA and Environment Colorado it has to be agreatt bill,” he said.
And Senate Bill 75, championesd by the company Aspen Electric Carsand Carts, allowsz drivers to operate low-speed electric vehiclez on most roads with speed limits of 35 mph or From there, Ritter went to the offices in Denver and signed a measure to re-establishn the Colorado Office of Film, Television and Media. House Bill sponsored by Rep. Tom R-Poncha Springs, and former Rep. Anne McGihon, D-Denver, allowd the office to solicit gifts and donations to offer incentivews to producers to make films inthe “I believe this move signals that Colorado is becominhg serious about attracting production to the state once again,” said Kevinn Shand, executive director of the Colorado Film “By becoming part of the state once again, the film office will once againb have resources to market Colorado effectively and help expanx our economic development efforts in a new and differenyt direction.
” Finally, Ritter returned to his Capito l office to sign nine separate bills, including measures to help the restaurangt and broadband industries. Senate Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurants must pay when offering freeor reduced-price meals to employees. Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Office of Information Technology to creat a map of where broadband technologyy is available and not available in the Ritter has not announced his intentions on at leasyt two bills being watchee closely by thebusiness community, however.
One is Senatee Bill 173, which would allow local governments to work with the states Economic Development Commission to offe r incentives to attract andbuild tourism-generating The bill is considered key to landinyg either of two potentiakl auto-racetrack projects east of Aurora. The otherd is House Bill 1366, which limits the Colorado-source capital gains subtraction to thefirsgt $100,000 of gains on assets held for five yearsd or more. If signed, the bill would generats $15.8 million to help balance the budget.
Thursday, June 30, 2011
Tuesday, June 28, 2011
City engineer takes Findlay job - Marion Star
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City engineer takes Findlay job Marion Star MARION - Marion's city engineer has resigned to be the engineer for the city of Findlay. Jim Bischoff resigned effective last Friday, and assistant city engineer Terry Lively was named acting city engineer effective Monday, City Service Director Jay ... |
Saturday, June 25, 2011
Game and gift maker teams up with book publishers - San Francisco Business Times:
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The arrangement will let the three-person game and gift company to close its Benici a warehouse andoutsource fulfillment, invoicingy and collections to the larger book companies so SmartsClo can focus on developing new food, travel and lifestyle games designed to entertain and teach players. "Now we can really focusd on creating and marketing new saidJulie Tucker, who co-foundedr the San Francisco company with Jennifer Elias in 2002. The which has sold more than 138,00o0 units of 17 games so far at places includingthe , the Wine Merchant in San Francisci and J Winery in Healdsburg, is trackinh to do $1 million in revenue this year.
The new arrangemenft will boost thatnumber "significantly,' because Chronicle has agreed to sell SmartsCo products to retail stores, increasin g the company's sales associates from 40 to 300 and leveraginy Chronicle Book's name. San Francisco's Chronicle with publishes "The Wors t Case Scenario" and about 300 other books and stationeryy productseach year, did an estimated $20 milliojn in revenue last year. Quirk Booksz of Philadelphia will help SmartsCo develop new productes and freshrevenue streams.
SmartsC boils down the essence of a topidc onto flash cards andother easy-to-transport formats and present the informatioh as a game in a true-or-falsr or multiple-choice format.
The arrangement will let the three-person game and gift company to close its Benici a warehouse andoutsource fulfillment, invoicingy and collections to the larger book companies so SmartsClo can focus on developing new food, travel and lifestyle games designed to entertain and teach players. "Now we can really focusd on creating and marketing new saidJulie Tucker, who co-foundedr the San Francisco company with Jennifer Elias in 2002. The which has sold more than 138,00o0 units of 17 games so far at places includingthe , the Wine Merchant in San Francisci and J Winery in Healdsburg, is trackinh to do $1 million in revenue this year.
The new arrangemenft will boost thatnumber "significantly,' because Chronicle has agreed to sell SmartsCo products to retail stores, increasin g the company's sales associates from 40 to 300 and leveraginy Chronicle Book's name. San Francisco's Chronicle with publishes "The Wors t Case Scenario" and about 300 other books and stationeryy productseach year, did an estimated $20 milliojn in revenue last year. Quirk Booksz of Philadelphia will help SmartsCo develop new productes and freshrevenue streams.
SmartsC boils down the essence of a topidc onto flash cards andother easy-to-transport formats and present the informatioh as a game in a true-or-falsr or multiple-choice format.
Thursday, June 23, 2011
Colorado's economy grew faster in 2008, despite recession - Pittsburgh Business Times:
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reported Tuesday, suggesting that the recession'ss impact hit Colorado later than most otheer parts ofthe country. Gross domestic product in Colorado grewby 2.9 percenyt in 2008, up from 2.0 percent in 2007 and 2.7 percentt in 2006, the Commerce Department's Bureau of Economi c Analysis (BEA) reported in its annual state-by-statr breakdown of GDP. Colorado's 2.9 perceng GDP growth rate was fourth-highest among the 50 exceeded only by NorthhDakota (7.3 percent growth), Wyomingf (4.4 percent) and South Dakota (3.5 percent). The last year Colorado'zs economy grew faster than 2008 was in witha 4.3 percent GDP increases that year, BEA said.
Colorado was one of only 12 states in 2008 wherse the rate of growth of GDP increaseds from theprevious year. In fact, 12 stateas experienced GDP declinesin 2008, led by Alaskaq with a 2.0 percent drop. Average growthg in GDP among the 50 states slowedfrom 2.0 percent in 2007 to 0.7 percent in 2008. (The GDP-by-statre figures differ from national GDP because different state-by-state methodology is used.) The nationwid e recession officially began at the start of 2008. The report said the biggesf contributors to the growthof Colorado's GDP in 2008 were professional and technical services, followed by mining, informatio and government.
It said the biggest drags on the state'z economy were construction, followed by transportation and .
reported Tuesday, suggesting that the recession'ss impact hit Colorado later than most otheer parts ofthe country. Gross domestic product in Colorado grewby 2.9 percenyt in 2008, up from 2.0 percent in 2007 and 2.7 percentt in 2006, the Commerce Department's Bureau of Economi c Analysis (BEA) reported in its annual state-by-statr breakdown of GDP. Colorado's 2.9 perceng GDP growth rate was fourth-highest among the 50 exceeded only by NorthhDakota (7.3 percent growth), Wyomingf (4.4 percent) and South Dakota (3.5 percent). The last year Colorado'zs economy grew faster than 2008 was in witha 4.3 percent GDP increases that year, BEA said.
Colorado was one of only 12 states in 2008 wherse the rate of growth of GDP increaseds from theprevious year. In fact, 12 stateas experienced GDP declinesin 2008, led by Alaskaq with a 2.0 percent drop. Average growthg in GDP among the 50 states slowedfrom 2.0 percent in 2007 to 0.7 percent in 2008. (The GDP-by-statre figures differ from national GDP because different state-by-state methodology is used.) The nationwid e recession officially began at the start of 2008. The report said the biggesf contributors to the growthof Colorado's GDP in 2008 were professional and technical services, followed by mining, informatio and government.
It said the biggest drags on the state'z economy were construction, followed by transportation and .
Tuesday, June 21, 2011
Tribune restructures media services unit - BusinessWeek
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The Atlantic Wire | Tribune restructures media services unit BusinessWeek Tribune Co., the owner of the Los Angeles Times, Chicago Tribune and other daily newspapers, announced a restructuring of its Tribune Media Services group on Monday. Changes include the departure of the group's president and CEO, David Williams. ... Ugly Details ! in Selling Newspapers More Ways Sam Zell Destroyed the Tribune Company BOOK REVIEW: 'The Deal from Hell': W » |
Sunday, June 19, 2011
Crystal Harris: Vegas Pool Party Instead of Marrying Hugh Hefner - People Magazine
http://flatsort.com/en/real-estate-building/page_13.html
CTV.ca | Crystal Harris: Vegas Pool Party Instead of Marrying Hugh Hefner People Magazine But instead, she spent it at Las Vegas's Wet Republic, embracing the single life and waving at fans. "I'm doing okay," she says. "I just had to get away. Today is the day and I just had to get away. I'm going back tonight so I just wanted to get away ... PHOTOS: Crystal Harris in Vegas instead of getting married Crystal Harris Poolside In Vegas Instead Of Hitched To Hefner Hugh Hefner Not Only One Changing Plans After Non-Wedding |
Thursday, June 16, 2011
Starbucks makes food healthier - Business First of Buffalo:
http://www.dir4you.info/Blogs/Computer/
The coffee giant says it has simplifiedc recipes to includemore high-quality ingredientse like whole grains, blueberries from Oregon and cherriesw from Michigan. “Starbucks customers have been telling us that they want bettert tasting and healthier food options when they visifour stores,” said Starbucks food category vice presidenr Sandra Stark in a news release announcing the new “We answered their call with a delicious new menu of food made with real ingredientes and more wholesome New menu items include a blueberrg oat bar, a farmer’s market salad and banana walnuf bread that Starbucks says “is nearly 30 percentr real banana.
” Starbucks has been expandinb its food menu in the last two years to entice customerws to visit more and to spend more per visit. The companhy was also among the first restaurant chains in the countru to ban trans fat from its foodand beverages. Starbucks (NASDAQ: SBUX) is closing hundreds of locationas and cutting thousands of jobs to trim expensese asrevenue falls. The company reporter sales fell 8 percentlast quarter, following a 9 percent decline in first quarter sales.
It is also facing pressure fromMcDonalds (NYSE: MCD), whosw new coffee drinks are driving sales
The coffee giant says it has simplifiedc recipes to includemore high-quality ingredientse like whole grains, blueberries from Oregon and cherriesw from Michigan. “Starbucks customers have been telling us that they want bettert tasting and healthier food options when they visifour stores,” said Starbucks food category vice presidenr Sandra Stark in a news release announcing the new “We answered their call with a delicious new menu of food made with real ingredientes and more wholesome New menu items include a blueberrg oat bar, a farmer’s market salad and banana walnuf bread that Starbucks says “is nearly 30 percentr real banana.
” Starbucks has been expandinb its food menu in the last two years to entice customerws to visit more and to spend more per visit. The companhy was also among the first restaurant chains in the countru to ban trans fat from its foodand beverages. Starbucks (NASDAQ: SBUX) is closing hundreds of locationas and cutting thousands of jobs to trim expensese asrevenue falls. The company reporter sales fell 8 percentlast quarter, following a 9 percent decline in first quarter sales.
It is also facing pressure fromMcDonalds (NYSE: MCD), whosw new coffee drinks are driving sales
Tuesday, June 14, 2011
Sunday, June 12, 2011
Right-to-die campaigning doctor is dead at 83 - The Independent
kowutoco.wordpress.com
Right-to-die campaigning doctor is dead at 83 The Independent Jack Kevorkian, the controversial pathologist who campaigned for the right to die and earned the nickname "Dr Death" for helping dozens of termin » |
Thursday, June 9, 2011
Cornman-Levy gets grant to scale up green jobs training - Sacramento Business Journal:
fishermen-americachair.blogspot.com
Cornman-Levy is the latest to join Philadelphia’sw Green Economy Task an alliance of more than 130 businesses and organizationsd dedicated tocreating green-collar jobs in the city. She will representt the city’s neighborhood centers and community-based agencies. As the executive directodr of thenonprofit , Cornman-Lev y has worked to increase sustainabilith awareness. She established Teens 4 Good, a year-round program where high school studentxsfrom low-income areas cultivate eight urbanm gardens and sell the produce they raise. “Iy teaches them how to run a business and care for the she said. “If we had 30 we could engage thousandsxof youth.
” The federation also recently received a granyt from urban improvement organization Living Cities to develop a progra m that trains the unemployed for greeh jobs. “It will bridge the gap betweemn work readiness programs and jobs by creating pipelines for marginalizedsjob seekers,” she said. These green initiatives caught the eye of the task said Green Jobs CoordinatorKate Houstoun. “I knew the moment I met her that she was goiny to have a big role in our Houstoun said. Cornman-Levy’s job will be to adapt her programds to alarger scale. She and the federatioh will design the pipeline this summer and institute it at threew of its member agenciesin September.
The programsw target people who normally woulde not be able tofind employment. The member agencies will connect those workers with cleann energy jobs likehouse “The goal is that they’ll have upwarxd mobility,” Cornman-Levy said.
Cornman-Levy is the latest to join Philadelphia’sw Green Economy Task an alliance of more than 130 businesses and organizationsd dedicated tocreating green-collar jobs in the city. She will representt the city’s neighborhood centers and community-based agencies. As the executive directodr of thenonprofit , Cornman-Lev y has worked to increase sustainabilith awareness. She established Teens 4 Good, a year-round program where high school studentxsfrom low-income areas cultivate eight urbanm gardens and sell the produce they raise. “Iy teaches them how to run a business and care for the she said. “If we had 30 we could engage thousandsxof youth.
” The federation also recently received a granyt from urban improvement organization Living Cities to develop a progra m that trains the unemployed for greeh jobs. “It will bridge the gap betweemn work readiness programs and jobs by creating pipelines for marginalizedsjob seekers,” she said. These green initiatives caught the eye of the task said Green Jobs CoordinatorKate Houstoun. “I knew the moment I met her that she was goiny to have a big role in our Houstoun said. Cornman-Levy’s job will be to adapt her programds to alarger scale. She and the federatioh will design the pipeline this summer and institute it at threew of its member agenciesin September.
The programsw target people who normally woulde not be able tofind employment. The member agencies will connect those workers with cleann energy jobs likehouse “The goal is that they’ll have upwarxd mobility,” Cornman-Levy said.
Tuesday, June 7, 2011
Weinergate: The women behind the sexting politician - New York Daily News
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CTV.ca | Weinergate: The women behind the sexting politician New York Daily News Rep. Anthony Weiner admitted he sent pervy pictures of himself to at least six kinky internet strangers. 'I have made terrible mistakes that have hurt the people I care about the most,' Weiner said at a tearful news conference. But just a week ago, ... The Women Behind Anthony Weiner 'Sex' Scandal Dems R » |
Sunday, June 5, 2011
Florida dealership chain drives 'superstore' model to Houston - Birmingham Business Journal:
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The local facility, which can accommodatr 150 cars, is significantlyu larger thanCarBiz Inc.'s existing 26 dealerships spread throughoug eight states. CarBiz, which trades on the Over-the-Counted Bulletin Board, is self-described as the fourth-largesft "Buy Here, Pay Here" car dealership chai n in the United States. Buyersw can finance vehicles only directly throughthe dealership. With 60 percen of all car buyers needint some form ofsubprime financing, the Houston market is a primre demographic for CarBiz, says CEO Carl "We finance people with poor creditg rather than a bank or finance company lending them Ritter says.
The average vehicle at the 10,000-square-foot facility has a pricd tag of $15,000, compared with less than $6,00o at a typical CarBiz "Houston is a very solid markett for this kindof business," Rittere says. "One of the best." The company expectxs the Houston dealership at 8245 Northu Freeway to generate overall unit saleds up to four times more than a typicaoCarBiz store. "The superstore model is a projec that we have been analyzing for some Ritter says. "We expect it to add significant revenue and earnings to our Buy Here Pay Here divisioh and we hope to add additiona l superstores inthe future.
" Local CarBiz buyers will be offeredc contract terms of up to four years. Rittefr says this will increase revenue by allowing the companyt to maintain customers longer and expose them to alternative financial servicex such as pay day loans and check Since CarBiz typically clusters he expects that the company will open more locations in theHoustobn area. To spearhead the newly formedr superstore operationin Houston, CarBiz paid $16 million to acquirs about 1,500 used car and truck loand from a Chicago hedge fund. "Hopefully, they'll buy and finance again," says Ritter. "Thisa gives us a head start in getting the business up andrunninhg quicker.
" The company has hired 10 employees and will probabl peak at about 25, Ritter CarBiz entered the market in 2004 with a location in Palmetto, Fla. The company has since addesd two more credit centers inFlorida -- in Tampza and St. Petersburg -- and recently acquiredd a large regional chain inthe Midwest. Competitors include America's Car Mart, which trades on the NASDAQ exchange but has no locationsz in theHouston area, and and AutoNation USA, both with severao locations in the Bayou City. Walter Wainwright, president of the , says he'x not surprised a company like CarBiz would look to Housto nto expand.
"Houston's a growing market that has been a littlse bit stronger than other parts of the countryu for the last coupleof years," he The association represents 180 franchise new car dealers that sell both new and used vehiclez and help with financin g those vehicles. Wainwright estimates that last year alone thos dealers sold morethan 350,000 new cars and betweenm 150,000 and 200,000 used vehicles. "This is a big, big business and Houston'ss a big market," Wainwrigh t says.
The local facility, which can accommodatr 150 cars, is significantlyu larger thanCarBiz Inc.'s existing 26 dealerships spread throughoug eight states. CarBiz, which trades on the Over-the-Counted Bulletin Board, is self-described as the fourth-largesft "Buy Here, Pay Here" car dealership chai n in the United States. Buyersw can finance vehicles only directly throughthe dealership. With 60 percen of all car buyers needint some form ofsubprime financing, the Houston market is a primre demographic for CarBiz, says CEO Carl "We finance people with poor creditg rather than a bank or finance company lending them Ritter says.
The average vehicle at the 10,000-square-foot facility has a pricd tag of $15,000, compared with less than $6,00o at a typical CarBiz "Houston is a very solid markett for this kindof business," Rittere says. "One of the best." The company expectxs the Houston dealership at 8245 Northu Freeway to generate overall unit saleds up to four times more than a typicaoCarBiz store. "The superstore model is a projec that we have been analyzing for some Ritter says. "We expect it to add significant revenue and earnings to our Buy Here Pay Here divisioh and we hope to add additiona l superstores inthe future.
" Local CarBiz buyers will be offeredc contract terms of up to four years. Rittefr says this will increase revenue by allowing the companyt to maintain customers longer and expose them to alternative financial servicex such as pay day loans and check Since CarBiz typically clusters he expects that the company will open more locations in theHoustobn area. To spearhead the newly formedr superstore operationin Houston, CarBiz paid $16 million to acquirs about 1,500 used car and truck loand from a Chicago hedge fund. "Hopefully, they'll buy and finance again," says Ritter. "Thisa gives us a head start in getting the business up andrunninhg quicker.
" The company has hired 10 employees and will probabl peak at about 25, Ritter CarBiz entered the market in 2004 with a location in Palmetto, Fla. The company has since addesd two more credit centers inFlorida -- in Tampza and St. Petersburg -- and recently acquiredd a large regional chain inthe Midwest. Competitors include America's Car Mart, which trades on the NASDAQ exchange but has no locationsz in theHouston area, and and AutoNation USA, both with severao locations in the Bayou City. Walter Wainwright, president of the , says he'x not surprised a company like CarBiz would look to Housto nto expand.
"Houston's a growing market that has been a littlse bit stronger than other parts of the countryu for the last coupleof years," he The association represents 180 franchise new car dealers that sell both new and used vehiclez and help with financin g those vehicles. Wainwright estimates that last year alone thos dealers sold morethan 350,000 new cars and betweenm 150,000 and 200,000 used vehicles. "This is a big, big business and Houston'ss a big market," Wainwrigh t says.
Thursday, June 2, 2011
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 expansionj of its manufacturing facility Keith Bone, general manager of the local facility, told members of . AED held its quarterly meeting Thursdatat . Joe Hudgins, presidenrt and CEO of Solar Array Ventures, outlinec his company’s plan to build a massive sola r manufacturing plant onthe city’s Westside. Generao Mills’ expansion should be completedby November, Bone The cereal manufacturer will hire 60 additional employees, bringing additional payroll to the area of $3.5 million.
The expansion also brings $30 million in spending to New The Albuquerque City Council approveda $100 million industrial revenue bond deal for the compang in February. BE&K Corp. from North Carolina landedr the design/build contract to build the but Bone said 80 percenft ofthe firm’s spending and employeesd will be local. The precast panelw being used in the construction are manufacturedrin Belen. General Mills has been in Albuquerquesincs 1991. Its current facilitt is located near Paseo del Nortee and Edith and has190 employees, with an annuall payroll of $12 million, said Bone. The 275,000-square-foor plant produces about 135 million poundzs annually of 35different cereals.
The facility also has a lab on-site where the instructions for baking General Mills products at high altitudeware created. The companhy has given about $5 million to area nonprofitsx since 1998and $519,0000 in scholarships, Bone added. Don Power, chairman of AED, said the cereao company’s donations illustrate one of the things the organization looks for inrecruiting companies: community involvement. Hudgins said Solart Array plans to break ground by the thirr quarter of this year ona 225,000-square-foort thin-film photovoltaic manufacturing plant in the Corder Mesa business park, west of the mattresa factory.
The company plans to add three more buildings of that size as it he said, with each facility employing about 225. Its annualp payroll in the firsy phase wouldbe $14 million. About five percengt of the jobs would pay 45 percent wouldpay $70,000 and half of the jobs woulcd pay $45,000. The capitalk investment for the first phase willbe $170 millioh and the company would spenc $40 million annually for raw materials. The firsft 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 spacew that will serve as a community and educational Solar Array isseeking $175 million in industriao revenue bonds from Bernalillo County.
The compant is working to raise $210 million in debt and Hudgins said. Hudgins said New Mexico beat out two other statezs forthe plant, despite the fact that it did not offerr the largest incentives. But the coordinationn among local and state governmen t officials and other parties made New Mexicl far more efficient in establishing a planningh framework that the company could then use to plan a budgetf forthe plant, he said “That was a major issuer for us,” Hudgins said. He also praises the labor force here and theeducationaol institutions. The facility is being designed byPageSoutherlandPage LLP, whichy has Texas offices in Dallas and Houston, as well as Washington, D.C.
and London, U.K. Hoffman based in Portland, Ore., is buildinf the facility.
broke ground April 5 on the $100 million, 176,000-square-foot expansionj of its manufacturing facility Keith Bone, general manager of the local facility, told members of . AED held its quarterly meeting Thursdatat . Joe Hudgins, presidenrt and CEO of Solar Array Ventures, outlinec his company’s plan to build a massive sola r manufacturing plant onthe city’s Westside. Generao Mills’ expansion should be completedby November, Bone The cereal manufacturer will hire 60 additional employees, bringing additional payroll to the area of $3.5 million.
The expansion also brings $30 million in spending to New The Albuquerque City Council approveda $100 million industrial revenue bond deal for the compang in February. BE&K Corp. from North Carolina landedr the design/build contract to build the but Bone said 80 percenft ofthe firm’s spending and employeesd will be local. The precast panelw being used in the construction are manufacturedrin Belen. General Mills has been in Albuquerquesincs 1991. Its current facilitt is located near Paseo del Nortee and Edith and has190 employees, with an annuall payroll of $12 million, said Bone. The 275,000-square-foor plant produces about 135 million poundzs annually of 35different cereals.
The facility also has a lab on-site where the instructions for baking General Mills products at high altitudeware created. The companhy has given about $5 million to area nonprofitsx since 1998and $519,0000 in scholarships, Bone added. Don Power, chairman of AED, said the cereao company’s donations illustrate one of the things the organization looks for inrecruiting companies: community involvement. Hudgins said Solart Array plans to break ground by the thirr quarter of this year ona 225,000-square-foort thin-film photovoltaic manufacturing plant in the Corder Mesa business park, west of the mattresa factory.
The company plans to add three more buildings of that size as it he said, with each facility employing about 225. Its annualp payroll in the firsy phase wouldbe $14 million. About five percengt of the jobs would pay 45 percent wouldpay $70,000 and half of the jobs woulcd pay $45,000. The capitalk investment for the first phase willbe $170 millioh and the company would spenc $40 million annually for raw materials. The firsft 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 spacew that will serve as a community and educational Solar Array isseeking $175 million in industriao revenue bonds from Bernalillo County.
The compant is working to raise $210 million in debt and Hudgins said. Hudgins said New Mexico beat out two other statezs forthe plant, despite the fact that it did not offerr the largest incentives. But the coordinationn among local and state governmen t officials and other parties made New Mexicl far more efficient in establishing a planningh framework that the company could then use to plan a budgetf forthe plant, he said “That was a major issuer for us,” Hudgins said. He also praises the labor force here and theeducationaol institutions. The facility is being designed byPageSoutherlandPage LLP, whichy has Texas offices in Dallas and Houston, as well as Washington, D.C.
and London, U.K. Hoffman based in Portland, Ore., is buildinf the facility.
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