All posts in "Tempe"

First Solar Bets Its Future On A New Panel

 

Via bloomberg.com

First Solar Inc. is poised to take the wraps off the Series 6 panel Tuesday, a long-awaited product rollout that has huge implications for the biggest U.S. solar manufacturer.

It’s not a stretch to say that Tempe, Arizona-based First Solar has bet its future on the success of this product. As solar panels get cheaper and cheaper, and global demand continues to swell, production costs have become key to competing against other companies, especially in Asia where most of the world’s panels are produced.

First Solar has “become a pure widget manufacturer and they need to compete exclusively on cost,” said Pavel Molchanov, an analyst at Raymond James Financial Inc. “It’s a risky bet. They need to show a cost road map that keeps them ahead of China.”

 

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Bank of the West Given $6M In Tax Credit To Create 1,000 Jobs In Tempe

 

Via seattletimes.com

PHOENIX (AP) — A San Francisco-based bank that operates in 23 states is expanding its Arizona presence with a new office in Tempe with space for 1,000 workers.

Bank of the West announced the expansion Thursday in conjunction with the Arizona Commerce Authority and Gov. Doug Ducey’s office.

The company has been offered a $3 million grant and will qualify for nearly $6 million in tax credits if all jobs are filled.

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Benchmark Electronics Selects Tempe, Arizona For New Headquarters Location

 

Via prnewswire.com

SCOTTSDALE, Ariz., Oct. 5, 2017 /PRNewswire/ — After a six-month, extensive site selection process, global design, engineering and manufacturing leader Benchmark Electronics (NYSE: BHE) today announced its new corporate headquarters will be located at Rio 2100, a new 52-acre, Class A office park situated in the heart of Tempe, Arizona.  The company announced relocation plans to Arizona from Angleton, Texas in April of this year and expects to add approximately 500 new jobs to the greater Phoenix area over the next five years.

Groundbreaking for the new site is expected to begin before the end of the year with an expected completion date in early 2019.  In the interim, Benchmark’s headquarters is at 4141 N. Scottsdale Rd.  The current and new headquarters will house the corporate leadership team and key corporate functions in finance, human resources, legal, marketing, operations, and supply chain.  Benchmark’s Internet of Things (IoT) and RF and High-Speed Design Centers of Innovation will also transition to the new location.

Benchmark’s 23 locations span eight countries across the globe. The new corporate headquarters near Sky Harbor International Airport gives the company quick access to customers worldwide.

 

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MB Business Capital Announces $9 Million Credit Facility For Triumph Manufacturing, LLC

 

Via prweb.com

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,050,000 senior credit facility to Tempe, Arizona-based Triumph Manufacturing, LLC (“Triumph”). Founded in 1957, Triumph is an automotive parts manufacturer specializing in the production of turned and machined precision parts in high volume, utilizing a variety of machining processes. MB’s credit facility will be used to fund working capital needs.

“The MB Business Capital team used their expertise and experience in the automotive industry to provide a complete one-stop-shop solution for Triumph. We are very pleased to welcome Triumph to MB and we look forward to a successful relationship.” says Michael Sharkey, President of MB Business Capital.

“MB Business Capital was terrific to work with. They are a very professional team that understands manufacturing.” says Ben Davis, Chief Financial Officer, Triumph Manufacturing, LLC.

 

 

 

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Aerospace Manufacturer Inks 103 KSF Lease In Arizona

 

Via cpexecutive.com

Modern Industries has signed a 103,487-square-foot lease at a new Class A industrial building in Tempe, Ariz., with building owner DCT Industrial. JLL facilitated the transaction.

Located at 2925 S. Roosevelt Ave., the new building features an extensive manufacturing infrastructure including 9,000 Amps of power, a 3,000-square-foot clean room, back-up generators and is fenced-yard capable. The company will utilize the space to accommodate growth within its local manufacturing operation.

“The existing infrastructure of this building was extremely appealing—fully air conditioned, clean room components in place, cranes running through and 9,000 amps of power, which is a lot of juice for a 100,000-square-foot building,” Steve Larsen, JLL’s senior vice president, told Commercial Property Executive. “That makes this asset very specialized for the aerospace industry.”

According to Larsen, the building was never going to sit empty, and the firm had multiple users vying for the building and ready to commit to a long-term tenancy.

“Demand for this sort of space is significant,” Larsen said. “We’re seeing quite a number of larger high-tech manufacturing or advanced manufacturing users in the market who, as we speak, are looking for anywhere from 30,000 to 200,000 square feet of space.”

The building is situated in close proximity to a number of other, existing manufacturers, and is also close to the airport, Interstate 10 and major freeways.

The property is one of four buildings that Modern Industries will call home in the Valley, with a local employment count of more than 400 industry experts. Move-in to the new building is scheduled for early next year.

Steve Sayre, JLL’s executive vice president, joined Larsen in brokering the lease transaction.

© 2017 – Commercial Property Executive

 

 

 

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MB Business Capital Announces $9MM Credit Facility For Triumph Manufacturing, LLC

 

Via abladvisor.com

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,050,000 senior credit facility to Tempe, Arizona-based Triumph Manufacturing, LLC. Founded in 1957, Triumph is an automotive parts manufacturer specializing in the production of turned and machined precision parts in high volume, utilizing a variety of machining processes. MB’s credit facility will be used to fund working capital needs.

“The MB Business Capital team used their expertise and experience in the automotive industry to provide a complete one-stop-shop solution for Triumph. We are very pleased to welcome Triumph to MB and we look forward to a successful relationship.” says Michael Sharkey, President of MB Business Capital.

“MB Business Capital was terrific to work with. They are a very professional team that understands manufacturing.” says Ben Davis, Chief Financial Officer, Triumph Manufacturing, LLC.

 

 

 

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TPT Increases Tax-dollar Distribution

 

Via apachejunctionindependent.com

The first year of full implementation of the Arizona Department of Revenue’s transaction privilege tax simplification is seeing increased tax-dollar distribution back to participating cities, including Apache Junction, according to a press release.

TPT is a gross receipts tax levied on businesses by the state of Arizona for the privilege of conducting business in the state. For the first six months of 2017, ADOR distributed more than $1.4 billion to 91 cities.

On Jan, 1, 14 municipalities, including Apache Junction, Chandler, Mesa, Scottsdale and Tempe, joined 77 Arizona cities under the state TPT collection program. For the first half of 2017, the east Valley cities received the following in TPT distribution:

•Apache Junction – more than $6.3 million, a 3.33 percent increase from the same period in 2016. •Chandler – more than $60 million, a 4.68 percent increase compared to the first six months of 2016. •Mesa – more than $82.6 million, a 3.79 percent increase from what the city collected in 2016. •Scottsdale – more than $101.3 million, a 2.59 percent from the same period in 2016. •Tempe – more than $77.2 million, a 6.59 percent increase compared to the first half of 2016.

“The Arizona Department of Revenue is pleased that after years of working with cities to implement this centralized licensing and reporting framework for thousands of Arizona businesses, transaction privilege tax reform is now fully implemented under Gov. (Doug) Ducey’s administration,” Arizona Department of Revenue Director David Briant said in the release. “TPT is a streamlined and efficient program that enables hundreds of thousands of businesses to register, file returns and make TPT payments via a central portal.”

Under ADOR’s full implementation of TPT simplification, the agency is the single point of administration and collection of state and city taxes for all business, including residential rental owners in the state. Businesses do not have to file two or more TPT returns, one with ADOR and another with the city or cities where the taxable activity occurred. The businesses need to only file one return for all taxing jurisdictions. In addition to collecting TPT payments, ADOR oversees all licensing and administering of TPT, saving participating cities hundreds of staff positions, according to the release.

“The Arizona Department of Revenue is focused on enhanced customer service and as part of the TPT program, we have expanded our education and outreach programs with businesses and program cities to ensure TPT is working the way it should,” Mr. Briant said.

The agency recently established a special phone hotline, 602-716-7368, and dedicated e-mail address, residentialrental@azdor.gov, for residential rental property owners required to have TPT licenses.

For more information on TPT and the ADOR, go to https://www.azdor.gov/TransactionPrivilegeTax(TPT).aspx. A reporting guide is at https://www.azdor.gov/TransactionPrivilegeTax(TPT)/ReportingGuide.aspx.

© 2017 Independent Newsmedia Inc. USA. All rights reserved.

 

 

 

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LAI International And AddUp Announce Partnership To Advance Metal Additive Manufacturing Production In The USA

 

Via prweb.com

LAI International, Inc and AddUp have formed a partnership to advance industrial production of Metal AM components and materials, including Inconel, aluminum and titanium in the USA. The partnership will employ AddUp’s FormUp-350TM, Dual 500W Laser-Powder-Bed-Fusion machine as the platform for the program, the first of its kind to be delivered in the USA. The FormUp-350TM will be installed at LAI International’s Tempe, Arizona facility, ready for full-rate, qualified production in January 2018. AddUp’s FormUp-350TM will complement LAI’s existing Electron Beam Melting (EBM) technology, providing a significant expansion of the capabilities and materials in LAI’s Metal AM portfolio.

Additionally, AddUp and LAI International are exploring co-locating an advanced additive customer technology center in Tempe, Arizona to provide expert local additive services and machine demonstrations for Metal AM customers and research institutions in the Southwestern United States.

ABOUT LAI INTERNATIONAL: LAI International is a leading contract manufacturer of precision-engineered finished parts, components and sub-assemblies for advanced industries, including Aerospace, Defense, Energy, Industrial and Medical. LAI is also a growth company with longstanding and entrenched relationships with a diversified customer base of leading OEMs. Innovative ideas, best-in-class people, optimized processes and leading-edge technology differentiate LAI from the traditional manufacturing and supply-chain model. As a true strategic partner, LAI is focused on solving tomorrow’s complex component manufacturing problems today. For more information, please visit http://www.laico.com.

ABOUT ADDUP: AddUp, headquartered in Clermont-Ferrand, France, is a joint venture of the global industrial groups Fives and Michelin. AddUp develops machines and industrial production lines using the metal additive process; complete industrial metal AM solutions include: machine development and design, part application and production assistance, and aftermarket services. The AddUp offer, already recognized for its additive manufacturing technologies through Fives and Michelin, sets itself apart with an industrial approach tailored to the customer’s needs. AddUp’s FormUp-350TM Laser-Powder-Bed-Fusion machine with inert powder management system is built for industrial applications that demand precision and repeatability in a series-production environment. AddUp’s offer includes the turnkey FlexCareTM system designed to manage the Health, Safety, and Environmental aspects of the Metal AM process with a fully configurable, modular approach. The AddUp product line is expanding to include the FormUp-700TM, available for the market in early 2018. For more information, please visit http://www.addupsolutions.com.

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U.S. Awards Contract To Tempe Firm To Build Border Wall Prototype

Via canadianmanufacturing.com

WASHINGTON—The Trump administration has taken another step toward building a wall on the U.S. border with Mexico, even as funding for the project remains in question.

U.S. Customs and Border Protection announced Aug. 31 it will award contracts to four companies to build four concrete prototypes for the wall.

CBP is providing few details of the concrete prototypes and says funding for four other prototypes for a see-through structure will be awarded next week. The prototypes will cost a total of $3.6 million and will be built in San Diego.

The four companies announced Thursday are Caddell Construction Co. of Montgomery, Alabama; Fisher Sand & Gravel Co. of Tempe, Arizona; Texas Sterling Construction Co. of Houston; and W.G. Yates & Sons Construction Co. of Philadelphia, Mississippi.

Trump made the construction of the wall his signature issue in the presidential campaign. He promised that Mexico would pay for it, but Mexico has refused.

Trump is now demanding that Congress fund the wall and has threatened to shut down the government if it doesn’t do so.

 

 

 

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Tempe Incubator Helping Fashion Designers Thrive In Arizona

Via abc15.com

A Tempe fashion incubator is helping local designers in a market not typically known for its fashion industry.

TEMPE, AZ – A Tempe fashion incubator is helping local designers in a market not typically known for its fashion industry.

Local designer Nidelka Mayers says since moving to the Grand Canyon State from New York City, it has been a challenge keeping her business afloat.

“The belief that I could be a designer and that I can do anything that I wanted to do is always there, it was just…how do I evolve that?” Mayers said.

That’s where The Fabric Building comes into play. It’s a one-stop shop. They can sew samples, produce their product and there’s even event space.

It was founded by Sherri Berry and Angela Johnson.

Johnson, a fashion designer herself, had a successful business in Los Angeles. But when Johnson moved to the Valley for family, she quickly realized Phoenix is not the fashion Mecca.

“I was watching designers trying to start their business and I was watching them fail because of the lack of resources,” Johnson explained.

Max Mizur also uses this space to bring his designs to life. He started designing backpacks. Now he’s designing women’s apparel.

“There are so many frustrations and so many ways to fail as a designer that without this place I think it’s very safe to say I think I’d be doing something else right now,” said Mizur.

About 20 business now use this facility in some way making sure the Valley is taking care of its designers.

Copyright 2017 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 

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