||Spokane Valley, WA (June 3, 2011) – Site Location Partnership (SLP), a Dallas-based advisory firm specializing in corporate location strategy and site selection, announced that Pyrotek, Inc., a global leader in the development and manufacturing of high-temperature materials for industrial applications, is relocating a manufacturing line from a plant in Mexico to Spokane Valley, Washington.
Production start-up is planned for August of 2011. Pyrotek is expected to hire 20 new employees, at family wages plus benefits, to run the new facility. The company’s total capital investment is estimated to be over $1,000,000 in equipment and renovations, plus ongoing lease and utility costs. Annual tax revenue to the state of Washington for the project will be over $450,000.
“Pyrotek’s decision to open a new manufacturing line bringing 20 new family-wage jobs is a great win for Spokane Valley,” said Governor Chris Gregoire. “Working together at the state and local level in partnership with our business community, we are making sure that Washington has the competitive advantages growing companies need to succeed in a global marketplace.”
Greater Spokane Incorporated assisted Pyrotek in obtaining $150,000 in assistance funds from Governor Gregoire’s Strategic Reserve Fund, which included $75,000 in relocation assistance and $75,000 in employee training assistance for the project. The 20 positions are considered skilled manufacturing jobs and will pay from $18 per hour up to around $25, according to Robin Toth, vice president of business development for Greater Spokane Incorporated.
“Pyrotek evaluated several sites in the U.S. for this project,” stated Michael Sekedat, finance manager for Pyrotek. “Considerations included building costs, existing operations, workforce availability and tax implications. Greater Spokane Incorporated was able to present us with a strong package for relocation assistance that helped us make the decision to bring the equipment and manufacturing to Spokane Valley.”
Pyrotek is a leading international company supplying aluminum, foundry, glass, zinc, steel, noise control and hearth customers with performance-improving technical products, integrated processing systems and consulting services. Privately owned since 1956, Pyrotek’s dynamic product range, combined with customized in-plant engineering services, is aimed at helping its customers continually achieve higher quality standards and improve their operating efficiencies at lower total costs.
About Greater Spokane Incorporated
Greater Spokane Incorporated (GSI) is the Spokane Region’s only Chamber of Commerce and Economic Development Council. Working to create a world-class business climate, GSI partners with the local business community and other organizations in support of a healthy and vibrant environment in which to live, work, and do business. GSI is funded by more than 1,200 private-sector member investors, Washington State, Spokane County, and the cities of Spokane, Spokane Valley, Liberty Lake, Cheney, Airway Heights, Medical Lake, and Millwood.
About Site Location Partnership
Site Location Partnership (SLP) is a multi-disciplined advisory firm that enables the growth of businesses, communities and economies through its two primary consulting areas - corporate site selection and economic development. SLP’s Corporate Location Practice helps companies from industrial and commercial sectors select the optimal location for expansion, relocation or consolidation of business facilities. SLP’s Economic Development Practice assists various organizations in implementing business attraction strategies for new corporate investment, job creation and economic growth.
Strategic Initiatives Specialist
Site Location Partnership