Pyrotek, Inc., a global leader in the development, manufacture, and sale of high-temperature materials for industrial applications, has announced their decision to relocate a manufacturing line from a plant in Mexico to Spokane Valley, Washington. The company considered proposals from several U.S. locations, including Idaho, Pennsylvania and Tennessee.
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.
Production start-up is planned for August 2011. The company is expected to hire 20 new employees, at family wages plus benefits to run the new facility. The total capital investment by the company 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 this new 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 Gov. 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."