SunEdison, the solar power company is moving its headquarters from Maryland to Belmont, bringing 500 jobs to the city in the process, the San Mateo County Times reports.
SunEdison, which develops and maintains solar power plants, plans to move about 100 employees from Maryland and San Francisco to its new office just east of Highway 101, south of Foster City, and add up to 400 new staff in the coming years. The company has been aided by state tax breaks in an $8 million renovation of the space, a location the company picked for its proximity to Highway 101, where it will be visible to about 240,000 drivers daily.
The City Council has agreed to waive $86,400 of the $106,400 the company would have to pay in permit fees for renovation, looking instead to the economic benefits SunEdison will bring to the city.
You might like:
- 3D Systems Expanding In Tennessee
- Amazon Adding Two New Fulfillment Facilities In California
- Business Report: Illinois Leaders Form Non-Profit to Spur Job Creation
- Industry Focus: Aerospace Sector Is Flying High Again
- Kansas City Launches “Smart City” Initiative
- Data Cowboys
- Leading FDI Experts Analyze Global Trends At LiveXchange
- Michigan Hot Dog Maker To Expand, Hire 140 Workers
- Last Chance
- Chicago Celebrates Technology Startup Hub Expansion, 700 New Tech Jobs
- State Focus: New York – Accelerating Biotech Innovation In The Empire State
- Mitsubishi Heavy Industries HQ Moving To Texas
- SIG SAUER Moving Ammunition Manufacturing To Arkansas
- Shopping Bag Manufacturer Creating 100 Jobs In Georgia
- Automotive Parts Supplier Expanding In Indiana
- Salesforce To Grow Regional HQ, Add 800 Jobs In Indiana
- Advanced Manufacturing Industry: Dynamic Advancements
- SATA Group Building New Plant In Texas