New Vision Helps Composites Manufacturer Locate and Grow in the Yakima Valley
The New Vision team first met Dick Clark, owner of Amtech, in 2001. He wanted to locate a satellite facility within the region to support his company’s work with Western RV and Genie Industries. Our office helped Clarke locate a building within the Wapato Industrial Park and the company started there with 15 employees.
Our office has enjoyed helping Amtech expand several times:
- In 2003 our office helped Amtech relocate its operations from Yelm, Washington. The company added 55 jobs (ultimately employing 100).
- In 2008 New Vision supported Amtech's building expansion project resulting in more employment growth.
- In 2012 our organization worked with the company and the Yakama Nation to renovate a building next door. Amtech has grown into this space and increased employment to 275.
Amtech's Economic Impact*
Current Employment: 275
Investment in plant/equipment: over $5,000,000
Purchases from local business: $700,000+ annually
Taxes paid: $300,000+ annually
Annual Business Income.
Amtech produces an estimated $242.7 million of output in Yakima County.
Annual Taxable Sales & Property Values. An estimated $1.4 million of employee payroll is spent on local taxable goods and services. Employees also spend a portion of their income on housing.
Annual Employment & Income. Amtech has 275 employees. These workers receive about $7.5 million in wages annually (not including benefits). Amtech's economic activity and their employees spending supports an additional 825 jobs throughout the economy countywide. The total employment impact is 1100 jobs. Total annual wages, including economic multiplier effects, are estimated at $25.9 million.
*Source: Cascade Planning Group