Facility Bonds (RZFB) - W.L. Gore & Associates, Inc. "Dove Valley Project"
32212 N. Valley Parkway
REASON FOR THE PROJECT
W.L. Gore and Associates requested a $30 million allocation of the Recovery Zone Facility Bonds (RZFB) to finance the construction of two commercial buildings. This was the first phase of a $130 million expansion project. The buildings will house the Medical Products Division that manufactures a family of products that include vascular grafts, endovascular and interventional devices, surgical meshes for hernia repair and sutures for use in vascular, cardiac and general surgery.
May 2009 - (estimated construction period will last 18 to 24 months)
AMOUNT OF AWARD
On Dec. 16, 2009, the Phoenix City Council authorized the issuance of up to $30 million of Recovery Zone Facility Bonds, issued through the Industrial Development Authority of the city of Phoenix.
Reese Angel Rowe, Kimley-Horn, The Ryan Cos., LVA Design
586 in last calendar quarter
BENEFIT TO RESIDENTS
W.L. Gore's new Phoenix operations mean our residents will have access to high quality jobs at one of the best employers in the country. W.L. Gore has been on Fortune's list of the "100 Best Companies to Work For in the United States" every year for the past five years.