20 December 2010
20 December 2010
Angeles Composite Technologies, Inc. (ACTI) has signed a letter of intent for two new buildings at the Port of Port Angeles Composite Manufacturing Campus located at the Airport Industrial Park.
A strategic vision for the Port, the Composite Manufacturing Campus will complement the existing businesses at the Airport Industrial Park and will attract new business to the community.
The Port will be issuing bonds to fund the more than 4 million dollar project. Composites are a growing and thriving industry and the Port saw the existing industrial park and its tenants as a great opportunity to expand the existing composite industry cluster. Composite manufacturing crosses many industries such as aerospace, marine trades and alternative energy.
Executive Director Jeff Robb noted, The site plan for the Composite Manufacturing Campus includes infrastructure for three, 25,000 square foot buildings. With ACTIs letter of intent, the Port will begin the construction of one building to house ACTIs growing workforce and product demand. This building will be complete by the end of 2011. The second buildings construction will begin mid-year 2012. With the infrastructure development and the business expansion, more than 100 new jobs will be created and more will follow.
Commission President George Schoenfeldt stated, The announcement today emphasizes the Ports mission of investing in our community to support economic development is the best investment we can make to increase family wage jobs and the quality of life for Clallam County residents.
Composite manufacturing is among the four areas of focus that have been identified by Clallam Economic Development Council for support and development, stated Commissioner John Calhoun. This announcement notes an excellent example of the Port and the larger economic development community cooperating to achieve quality job creation for our community.
Commissioner Jim McEntire stated, Angeles Composite Technologies, Inc. is a very valued member of our business community and I am very happy to support ACTI's growth with capital spending by the Port of Port Angeles. This is what Washington Ports do: create the right kind of infrastructure for private sector business opportunities and private sector job creation. This is central to your Port's mission, and I am very proud of ACTI's progress in expanding their business.
The Composite Manufacturing Campus will fold into the Ports existing Airport Industrial Park comprised of 110 acres adjacent to the William R. Fairchild International Airport. ACTI is a world-class supplier of advanced structural composite assemblies and components serving the global commercial and military aerospace markets. ACTI customers consist of aerospace giants like Boeing, Lockheed Martin and Bombardier. They have been a tenant of the Ports since 1996 and currently employ 110 people.
Our states strength in advanced manufacturing is a competitive advantage that has helped position us in the top two states nationally for growth in the new innovation and knowledge-based economy, said Rogers Weed, Director of the Washington State Department of Commerce. Congratulations to the Port and their partners on forging a strong vision of the future for Peninsula communities.
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