Editorial: Morgan Hill’s economic development plans are coming to fruition
Article excerpt
Morgan Hill has spent years talking about economic development. Now, the results are becoming increasingly difficult to miss. The city is emerging as a significant hub for advanced manufacturing, clean technology and next-generation engineering. Major investments by Archer Aviation, Mir Mosaic and Heron Power are bringing hundreds of jobs, millions of dollars in capital investment and cutting-edge manufacturing to a community that has long sought to strengthen its economic base. This is good news - not just for the companies moving into Morgan Hill, but for the entire community. During the past four years, more than 1.5 million square feet of Class A industrial space has been built. That development has helped address a problem that once constrained Morgan Hill’s ability to grow: industrial vacancy was only about 3%, leaving little room for existing businesses to expand. As of today, the industrial vacancy rate is at 6.5%, down from a high of 17% before the recent acquisitions. Much of that new industrial capacity was developed by Trammell Crow Company, including the 410,000-square-foot Butterfield 5 Tech Park and the 501,000-square-foot Cochrane Technology Center. Mir Mosaic recently purchased a 90,000-square-foot building at Butterfield 5, expanding its Morgan Hill footprint by 25,000 square feet and adding 15 jobs to its existing workforce. Then came Heron Power’s...
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The facility will serve as a West Coast hub for tooling, component manufacturing and aircraft production, with an estimated 300 new jobs.
