Recent Project Successes and Announcements FY16/17
Business Attraction & Expansion Successes
July 1, 2016 – June 30, 2017
AAA of Arizona
AAA is adding 97 employees at its Tucson facility. Capital expenditure is $1.6 million, resulting in a $50 million economic impact to our region.
Arcadia Custom is a high-end window and door manufacturer located in Tucson’s southeast side. The company recently purchased its facility and plans to add 150 jobs. Capital expenditure is $6.2 million, resulting in a $80.4 million economic impact.
Ascensus, the nation’s largest independent retirement and college savings services provider, is opening a new office location in Tucson, Arizona by mid-2017. The company is adding 192 employees at its Tucson facility and capital investment is nearly $8 million. Ascensus’ expansion will have a projected economic impact of over $200 million for Tucson and its surrounding communities.
Bay View Asset Management
Bayview Asset Management, LLC, a nationwide investment and mortage finance company, is expanding its operations in Tucson. Bayview plans to hire an additional 375 people in key financial roles. Bayview entered the Tucson market in January 2016 with the opening of an office and the addition of 95 jobs. Just over a year later, Bayview expressed confidence in Tucson by quadrupling their workforce to nearly 500.
Bombardier is adding 27 employees at its Tucson Airport facility, due to a steady growth in work orders. Capital expenditure is $3.5 million, resulting in a $17.4 million economic impact to our region.
Creative Machines is a group of visionary artists, engineers and fabricators doing world-class work for clients everywhere. It is a multi-disciplinary firm whose abilities span exhibition design, ball machine sculptures, and monumental public art. Creative Machines is adding 20 employees at its Tucson facility. Capital expenditure is $2.1 million, resulting in a $35 million economic impact to our region.
Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. The company has opened a national executive support center in Tucson, Arizona. The new center will create 125 jobs in the area with a focus on executive administrative support, creative graphics and digital services. Capital investment is $1 million, resulting in a projected economic impact of over $125 million to our region.
Global Equity Finance
Global Equity Finance has a unique business model of banking and brokering loans that allows them to focus on finding the best loan and the best rates for their clients instead of struggling with the conflicts of interest and company-centric motives of the “big banks”. The company is expected to hire 82 new employees, resulting in a $96 million economic impact to the region.
HD Petroleum has developed a small-scale waste oil micro-refinery, providing a profitable and sustainable solution for the processing of waste oil. Their technology creates opportunity for many regions and industries to be part of the solution, while creating local employment and reducing the environmental impact of waste oil. The company is adding 20 new jobs to its Tucson facility. Capital investment is $8 million, with a projected economic impact of over $27 million for Tucson and its surrounding communities.
Hexagon Mining, an information technology provider of planning, operations and safety solutions for the mining industry, today announces the relocation and expansion of its Tucson, AZ-based North American headquarters to downtown Tucson. Hexagon Mining employs 140 people in Tucson and plans to add 119 jobs over the next five years. Capital investment is estimated at $2.4 million, with a total economic impact of $224 million.
Hexcel, an aerospace company that manufactures products for commercial aircraft structures and interiors, defense aircraft, helicopters and various industrial applications, is growing its Casa Grande operations over the next four years. Hexcel will invest in new facilities, machinery and equipment, while adding 146 positions in engineering, production and management. Capital investment is $85 million.
Innovation Manufacturing Solutions
Innovative Manufacturing Solutions is a high-volume precision manufacturer located in Tucson, Arizona. Their customers include aerospace, defense, and military all the way to semiconductor laser corporations. The company is adding 65 new jobs to its facility. Capital investment is $1 million, resulting in an economic impact of over $80 million for Tucson and its surrounding communities.
Lucid Motors has selected Casa Grande/Pinal County as the site for its new electric car manufacturing facility, with 2,213 new jobs and a $700 million capital investment. This is Arizona’s first auto manufacturing operation and Mexico will play a major role in its supply chain. The project represents a $1.7 billion economic impact to Arizona.
Mainstreet offers a unique design concept in Healthcare for the growing senior population. The company is expected to hire 63 new employees, resulting in a $41 million economic impact to the region.
Monsanto is a sustainabe agricultural company, which delivers agricultural products that support farmers around the world. Monsanto intends to grow corn for research at a new facility near Marana, AZ. The company will create 60 new jobs at its new operation. Capital investment is over $91 million, resulting in an economic impact of nearly $290 million to the region.
Northwest Medical Center
Northwest Medical Center is a community healthcare provider serving the greater Tucson area and its residents with routine and emergency medical care, diagnostic and preventive screenings, surgical care and care for chronic conditions. The organization plans to open a new free-standing emergency department which will enable the hospital to expand emergency services to Marana, create 25 new high-paying jobs, and enhance the quality of healthcare for residents of Pima County. The project results in an economic impact of nearly $20 million to our region.
Raytheon Missile Systems
Raytheon Missile Systems Raytheon Missile Systems has selected Tucson/Pima County as the site for a significant expansion. The expansion represents the addition of nearly 2,000 new high-skilled, high-wage jobs and will result in an impact of several billion dollars being added to the regional economy over the next few years.
Vector Space Systems
Vector Space Systems, a micro satellite space launch company, is locating its manufacturing facility in the Pima County Aerospace, Defense and Technology Business & Research Park, and adding 200 high-wage jobs in Southern Arizona. The company’s expansion is expected to have an estimated $272 million economic impact on the local economy over five years.