Jayco Inc. is moving ahead with expansion plans at the company’s Twin Falls, Idaho, facilities, including development of an industrial subdivision that could potentially bring new suppliers to the area.
The Twin Falls Times News reported that on Monday (Dec. 11), the city’s Urban Renewal Agency approved working on a resolution that would put Jayco’s expansion into a revenue allocation area, making the company eligible for tax increment financing.
The Urban Renewal Agency sets a base value for the property, and once the property is developed, its worth increases. The dollar amount difference between the base value and the developed value of the property would go to the Urban Renewal Agency, which could be used to make public improvements in Jayco’s area of operation.
“It will be a good thing for Jayco by helping them to expand, and good for the city because it will bring jobs,” said Mitch Humble, community development director for the city of Twin Falls.
Jayco General Manager Dave Yoder said the city’s support was welcome.
“I’m very excited and pleased,” Yoder said. “The community has been very supportive and that’s why we decided to stay and expand our operation.”
Jayco, a family-owned builder based in Middlebury, Ind., has grown its Idaho operation from just 10 employees when it first opened in early 2005 to more than 200 workers.
Jayco said Phase 1 of the expansion project would include construction of 57,000-square-foot and 88,000-square-foot manufacturing facilities, and a 5,000-square-foot corporate office. The project is expected to be completed in May, 2007, and should create about 125 new jobs, Yoder said.
Phases 2 and 3 of the expansion will each add 90,000-square-foot manufacturing facilities, one expected to open in 2008 and the other in 2010. Each facility is expected to create 200 jobs, Yoder said.
The expansion also will allow Jayco to extend its product line. “We could take our product line up to 35-foot travel trailers,” Yoder said.
Jayco’s expansion will only take up 70 acres of the 176-acre property. Plans for the remaining acreage include a commercial industrial park, which would draw more businesses to the area. Jayco hopes a few of those businesses include some of its suppliers, most of which are now located in the Midwest.