The Port of Vancouver USA recently announced the closing of the sale of 20 acres of industrial land to Farwest Steel Corporation, one of the leading distributors, processors and fabricators of specialty steel products in the Northwest.
The $5,082,500 sale is expected to bring up to 225 industrial jobs to Clark County, according to the port.
"This is a good day for the port and our community," said Port of Vancouver Commission President Brian Wolfe in a press release. "Selling property is not something the port does often or without careful consideration, but we are confident that the sale to Farwest is the right thing to do and will result in good-paying jobs for Clark County residents both in the short-term and in the long-term."
Farwest operates several facilities in Oregon, Washington, California, Idaho and Utah and plans to consolidate some of their distribution, processing and fabrication operations in Vancouver. Approximately 100 jobs will be relocated to the port, with plans to add an additional 125.
In addition, Farwest plans to construct a $40 million facility that will contain its distribution, processing, fabricating and office support. Construction is slated to begin in July, with the facility being operational in 2012.
