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Current Business News
For More Information,
Contact Eastern Idaho Economic Development Partners:
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Bonneville County - 5/7/08
Areva Chooses Idaho Falls
Areva Inc. announced today it will build a $2 billion uranium enrichment plant near Idaho Falls. Areva selected the site near the Idaho National Laboratory over potential sites in five states.
Michael McMurphy, President of Areva Inc. said, “While we had several attractive sites to choose from, we opted for Idaho Falls, which has strong ties to nuclear energy, and which welcomed AREVA and its proposed enrichment facility to become a new member of its community. We look forward to a productive and long-term partnership that will deliver diversity and strength to the regional economy.”
It will take two to three years to design the plant and receive state and federal approvals. Construction is expected to take three to five years and involve as many as 1,000 workers. Once operational, the plant is expected to employ up to 300 people. |
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Bonneville County - 4/24/08
Qwest Expansion
Qwest recently expanded in Idaho Falls with a new training facility to prepare their customer service professionals, while their new facility space is being remodeled. Channel Blend also completed their relocation within Idaho Falls. They operate a call center facility focusing on customer service support, help desk, 3rd party verification, overflow/after hours, and survey and market research assistance.
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Madison County - 1/22/08
AMET Grows in Eastern Idaho
Advanced Manufacturing Engineering Technologies, AMET, is a unique company that produces automated welding systems to help its customers manufacture critical components that demand high precision and high quality. AMET has established itself as a leader and innovator in advance welding automation through its continued development of advanced control hardware and software. With clientele in various parts of the U.S., Western Europe, Canada, Mexico, and Asia, AMET Inc. is an international company. Starting with 2 original members, AMET has grown to a staff of 43.
Sales for AMET have increased 150% over the last two years and continued growth is expected based on its recent joint venture in China to support the Asian market.
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Fremont County - 1/12/08
New Community Store in St. Anthony
The Fremont Emporium will belong to the stockholders of the newly organized Fremont Emporium, Inc. Stock is being sold to fund the purchase and renovation of a building, hire a manager and stock the shelves. A seven-member board of directors meets weekly with a committee of dedicated supporters to make the decision for the store.
St. Anthony lies on U.S. Highway 20, a major route to Yellowstone National Park and the St. Anthony Sand Dunes. Encouraging visitors and locals to stop and shop is a key to growing the local economy. |
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Power County - 12/1/07
High-Tech Gasification Center Near American Falls
The Power County Advanced Energy Center is a $2 billion agricultural products and energy facility proposed for construction in two phases in the heavy industrial zone near American Falls. Using clean-coal gasification technology, the Center will produce fertilizers and ultra-low-sulfur transportation fuels for local and regional markets. Gasification technology makes it possible to use coal cleanly and efficiently. The Center will hire 150 employees during Phase 1.
To discuss the Center, contact Southeast Idaho Energy at 208-904-1976 or j.burk@rehinc.com or k.clinger@rehinc.com. For additional information, visit www.rehinc.com. |
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Bannock County - 10/13/07
HOKU Chooses Eastern Idaho
Dustin Shindo, chairman and CEO of Hoku Scientific, says three factors led his company to Pocatello. "First and most important is the community," Shindo says, "The people there and the governmental organizations were very welcoming. They are very capable people. Secondly, it has the resources, including land and the hydroelectric power, which is very important to us for low-cost electricity. And Pocatello has good transportation infrastructure with rail, roads and an airport all in a convenient location."
Hoku, a six- year- old company focusing on clean energy technology, says it will employ about 200 at the $260- million facility. |
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