the nation’s largest producer of power washers, which is converting its product line from gas-powered to electric. Series A investors typically take an ownership interest in companies.
The research campus is owned by Pima County, Ariz., and ABF has entered into a lease-purchase agreement, according to afrom Pima County Administrator Jan Lesher. Under the agreement, the company has to hit certain thresholds for the number of employees it hires and how much they are paid. In the first two years, it has to hire 600 workers at an average yearly wage of $65,000.
In an interview, Ge said the company first looked at locating in Utah , but they couldn’t find a suitable location with enough electric power available.
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