By Karen Schutte for Real Estate Daily News
With a $3M federal grant from the US Department of Commerce, the Town of Sahuarita is ready to proceed with development of an advanced manufacturing center.
U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration is investing $3M in a grant to the town for development of the Sahuarita Advanced Manufacturing and Technology Center, a multi-tenant facility that will provide flexible high-tech space to local businesses.
SAMTEC with allow Hydronalix, a maritime robotics company, and Control Vision, an optical sensor and control systems company, to expand their existing Sahuarita-area operations.
The town anticipates that SAMTEC will attract supply chain service providers in support of these resident companies.
The town council voted in May to acquire the 3.76-acre parcel and committed $1.025M in its fiscal 2018 budget for the facility. The EDA grant was needed to pay for the main bulk of SAMTEC’s cost in addition to a $165,000 grant received from the Freeport McMoRan Foundation Green Valley/Sahuarita Community Investment.
Sahuarita is considered one of the fastest growing communities in Arizona. The 31.5-square-mile town, located 15 minutes south of Tucson, has seen a population increase of over 600 percent between 2000 and 2014, and projections show that by 2020 the town will house a retail trading area of more than 140,000 residents.
The project addresses the needs identified in Sahuarita’s Blueprint for Economic Prosperity and Growth Strategic Plan.
Groundbreaking for SAMTEC is expected for year end or Q1 2018. The total cost of the facility is expected to be around $4.5M.
Read more at Real Estate Daily News.
NOTE: Paid subscribers receive additional project details in our twice-weekly PDF publication, including project stakeholder information and valuable project bidding leads. Find out more about AZBEX subscriptions or contact Rebekah Morris at firstname.lastname@example.org or (480) 709-4190