PESCO looks to add 170 jobs over next five years
Company seeks $1 million state grant to build 50,000-square-foot expansion
FARMINGTON — Over the next five years, the Process Equipment and Service Company, or PESCO, hopes to add about 170 jobs, a company officials says.
The San Juan County Commission will consider serving as a fiscal agent for PESCO as the company seeks a state Local Economic Development Assistance grant, according to County Executive Officer Kim Carpenter. The commission meets to consider the move at 4 p.m. Tuesday at the county offices, 100 S. Oliver Drive in Aztec.
Linda Rodgers, chief financial officer for PESCO, said if the company receives the $1 million grant, it will use it to expand its manufacturing facility on U.S. Highway 64. She said PESCO is considering a 50,000-square-foot expansion.
"In exchange, we have committed to creating new jobs," she said.
Rodgers said PESCO is looking to create 170 jobs over the next five years.
"We're really excited about it," she said.
The company already employs more than 300 people, PESCO president Kyle Rhodes told Mayor Tommy Roberts during an online "Mayor's Table" video released this week on the city of Farmington's Facebook page and website. Rhodes said PESCO plans on hiring 30 to 40 people by November.
Rhodes briefly discussed the plans for expansion during the segment. He also talked about the history of the company. The company was started 47 years ago and manufactures equipment for the oil and natural gas industries.
In other news, the Bloomfield City Council will meet at 6 p.m. Monday. Bloomfield will discuss selling water to the Apple Orchard Mutual Domestic Water Users Association, which serves the Harvest Gold subdivision. The subdivision has been under a boil-water advisory for more than a year. The city is using state funding to build a connection that will deliver clean water to Harvest Gold.
Hannah Grover covers government for The Daily Times. She can be reached at 505-564-4652.