Beaverton Wins Federal Grant Money to Secure Industrial Park Future
The small community of Beaverton is able to grow one of its most valuable assets thanks to grants from the state and federal level.
The city wants to restructure and improve their industrial park and now have the money to do it after a federal grant of nearly $1.45 million put them over the top.
For a small town like Beaverton, one or two companies can make or break their economy. Beaverton wants to secure their industry by pumping nearly $3 million into their industrial park.
“It’s adding approximately 18-20% more onto our taxable value,” says Heath Kaplan, city manager.
They can only do this because of grants they have received from several sources including the state legislature, the Department of Transportation and now a federal grant of $1.45 million to hit their goal.
“The debt capacity limit of the city is $2 million,” says Kaplan, “So even if we leverage to the full capacity limit, if we maxed out our credit cards to $2 million, we still wouldn’t be able to do this project on our own.”
The largest tenant at the Beaverton Industrial Park is Saint Gobain, a major company worldwide larger than Dow Chemical. Six years ago, they had just more than 100 employees in Beaverton. Now they have 270+ with even more on the way, given their expansion. Part of this infrastructure change in the industrial park will take the main road and flip it to the other side of their parking lot, making it safer for their employees and giving them even more reason to stay in grow in Beaverton.
“There’s a whole lot more activity when it comes to small business owners wanting to locate around this project,” says Balzer, “Stores uptown developing new stores that will complement the expansion that we’re seeing.”
There will also be a water plant designed to remove iron from the water, a major benefit to the machinery and community.
“They need clean water without iron but obviously it will the city as a whole benefit from it?” says Kaplan, “Absolutely.”
More jobs. More tax value and more growth for Beaverton. Those in charge say the future is bright.
“You’re going to see more of a thriving community,” says Kaplan, “That looks like it’s on the up.”