Allegro MicroSystems Expands Manchester, New Hampshire, Production Complex
According to company officials, the building expansion will support Allegro's ongoing growth and investment in research and development as well as reinforce this location as the company's center of strategic business development. With a planned completion date in the summer of 2018, Allegro will employ upwards of 400 people at its Manchester site, many of them engineers.
"Allegro will continue to strengthen its investment in its technical talent and focus on high growth technological segments. Our ability to attract and retain skilled, high-tech talent to our Manchester facility will allow us to further invest in this prime location," said Allegro President & CEO Ravi Vig.
Allegro's facility is conveniently located minutes from the Manchester-Boston Regional Airport, and is close to New Hampshire and Massachusetts research universities. It is also within a one hour radius of the Seacoast, mountains, lakes, and urban environments like downtown Manchester and Boston, making it an attractive location for existing and prospective employees, company officials said.
Allegro currently leases its New Hampshire facility through Brady Sullivan and plans to purchase this building in May 2018, which would serve to deepen its roots in the Manchester community.
Allegro's focus on advanced technology, product line expansion and innovation fits well with the business platform provided in New Hampshire. "The Governor and I are fully committed to working with local companies to help them grow their business and attract talent," Taylor Caswell, Commissioner, Department of Business and Economic Affairs said. "We are pleased that Allegro has chosen to invest in the Manchester area, and we look forward to their employees enjoying the revitalized mill yards, SNHU Arena, and other benefits of downtown."
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