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Vestas announces expansion of its facility in Pueblo, CO

PUEBLO – Vestas, the world’s leader in wind energy will expand its manufacturing facility in Pueblo, CO.  Founded in 1898 as a blacksmith shop in western Denmark, Vestas started producing wind turbines in 1979, and have since gained a market-leading position with 76 GW of installed wind power and more than 63 GW under service globally.  Vestas has been manufacturing turbine towers in Pueblo, CO since 2009.  The facility in Pueblo is the largest tower manufacturing facility in the world.

Vestas made the announcement at 4:00 p.m. on Friday, September 23, 2016. Details of the project include:

• Approximately $18.5 million in capital investment
• 108 new full-time jobs to be in place by October 1, 2016
• $2,484,000 from the City of Pueblo’s half-cent fund for economic development (contingent on approval from the Pueblo City Council)

“The Pueblo community has been a perfect match for Vestas Towers, not only is this location close to our final customers with good rail and road ways, but the knowledgeable workforce here make us a great company for this community,” said Anthony Knopp, Vice President of Vestas Towers Americas, Inc., “These are sustainable jobs we are creating, We think the future for wind energy is bright. In 2015, wind energy accounted for about 25 percent of new energy installations globally. The cost of wind energy varies regionally, but it’s coming down across the board for wind and is basically in the same price range as coal and gas in many markets. This development is fueling our continued growth here in Pueblo.”

“Vestas is a Pueblo success story that we are not only proud of, but humbled to work with,” said Jeffrey C. Shaw, President/CEO of PEDCO.   “Vestas is the worldwide leader in wind energy and we are thankful for its continued investment in this great community.”

“As a community, we must have found a formula for success with a great workforce and incentives to not only attract Vestas here 8 years ago but again assisting in this major expansion.,” said Ron Francis, PEDCO Chairman of the Board.  “We in PEDCO believe in manufacturing and are committed to manufacturing in Pueblo as we always like to say we are the Manufacturing Center of the Rockies.  This is our history and Vestas is helping write that history as well as shape our future.”

A manufactured stone veneer company plans to open a 51-worker regional factory at an existing building at the Pueblo Airport Industrial Park. Coronado Stone Products, founded in 1959 and based in Fontana, Calif., expects remodeling work to begin immediately with plans to open by early next year, company president Scott Ebersole said.

Read the full story on the Pueblo Chieftain Website.

A small business can make a big difference.

The Pueblo Economic Development Corporation on Wednesday celebrated the expansion of one of those small local businesses — Formulary 55, a luxury, small bath and body products company.

Formulary will benefit from Pueblo City Council’s half-cent tax assistance program aimed at helping small businesses in Pueblo County.

The company’s owners, PEDCO officials, Pueblo City Council President Steve Nawrocki and Pueblo County Commissioner Terry Hart and others gathered Wednesday afternoon in the lobby of El Pueblo History Museum to celebrate the agreement. Formulary 55 received a $37,500 gift grant through the half-cent tax program.

Read more at the Pueblo Chieftain