Café Valley Bakery Breaks Ground on Phoenix Plant
Café Valley Bakery will break ground on a 285,950-sq.-ft. facility located in Southwest Phoenix. The new factory is being built from the ground up and was created to consolidate the company’s three other locations under one roof. This move is expected to create 125 new full-time factory jobs, along with 121 full-time construction jobs between now and November.
Café Valley Bakery has received the proper funding to finance a new 285,950-sq.-ft. facility located in Southwest Phoenix. Community Reinvestment Fund USA (CRF), a non-profit organization that connects community development lenders with the capital resources of Wall Street, has closed $25 million in New Markets Tax Credit (NMTC) allocation financing for the new plant.
“For more than 20 years, we have provided our customers – including Costco and Sam’s Club – with the freshest, highest quality baked goods available,” said Ron Ogan, president of the Phoenix-based producer of wholesale bakery products, including croissants, gourmet pastries, puffed pastries, cakes and muffins. “Now, thanks to CRF and U.S. Bank, we will have more space for production, new equipment and expanded warehouse and cold storage capabilities. When the project is finished in November, we are looking forward to boosting our revenue as we continue to provide well-paying jobs in southwest Phoenix.”
The new factory is being built from the ground up and was created to consolidate the company’s three other locations under one roof. This move is expected to create 125 new full-time factory jobs, along with 121 full-time construction jobs between now and November.
Café Valley Bakery has received the proper funding to finance a new 285,950-sq.-ft. facility located in Southwest Phoenix. Community Reinvestment Fund USA (CRF), a non-profit organization that connects community development lenders with the capital resources of Wall Street, has closed $25 million in New Markets Tax Credit (NMTC) allocation financing for the new plant.
“For more than 20 years, we have provided our customers – including Costco and Sam’s Club – with the freshest, highest quality baked goods available,” said Ron Ogan, president of the Phoenix-based producer of wholesale bakery products, including croissants, gourmet pastries, puffed pastries, cakes and muffins. “Now, thanks to CRF and U.S. Bank, we will have more space for production, new equipment and expanded warehouse and cold storage capabilities. When the project is finished in November, we are looking forward to boosting our revenue as we continue to provide well-paying jobs in southwest Phoenix.”
The new factory is being built from the ground up and was created to consolidate the company’s three other locations under one roof. This move is expected to create 125 new full-time factory jobs, along with 121 full-time construction jobs between now and November.
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!
