State Fund Makes Presence Felt In Vacaville
By Ian Thompson
Construction crews work on the California State Compensation Insurance Fund complex at the corner of Grass Land and Horse Creek drives in Vacaville on Monday. (Mike McCoy/Daily Republic)
VACAVILLE - Construction has started on the first buildings of a California State Compensation Insurance Fund office complex that will bring between 1,200 and 2,000 jobs to the Vacaville area.
Construction crews have been working on the foundations, and the first walls are expected to start being hoisted next week.
"They have certainly got it under construction," Vacaville Economic Development Manager Mike Palumbo said Monday.
State Fund is a nonprofit insurance company that provides employee compensation insurance protection for businesses. It was created by the state in 1914. If everything goes according to plan, the complex is expected to open for business in late 2008 or early 2009, according to Palumbo.
Vacaville first started talking to State Fund about coming to town in August 2005, "then there was a hiatus period when they were looking at other sites for some time," Palumbo said.
Last year, State Fund began getting permits and preparing the ground for construction on the five-building complex.
The project is on a 32-acre site adjacent to the Genentech plant, which is located on New Horizons Way between Interstate 80 and Highway 505. The first phase of construction involves three of the five buildings.
Palumbo stated that State Fund is expected to create between 1,200 and 2,000 jobs. The complex will be one of the biggest office projects in the city, and Palumbo called it "a very important breakthrough" for Vacaville.
"It is the right fit for what we are doing," Vacaville City Councilwoman Pauline Clancy said of the project. "It's a great feather in our cap."
Clancy and Palumbo both noted that the jobs State Fund brings to the area will pay an average of $45,000 a year. City officials probably took note of that in helping the State Fund complex a reality.
"We have been working with them to make it easy for them to move in there," Clancy said.
State Fund has its 16-story headquarters in downtown San Francisco and provides insurance to about 250 business associations across California.
Reach Ian Thompson at 427-6976 or email@example.com.
Tuesday, July 31, 2007
- $100 million philanthropic grant for the establish...
- Travis Team Tops AMC Rodeo Test
- State Fund Makes Presence Felt In Vacaville
- Solano County should plan to add 12,985 new housin...
- FSC Insurance Solutions to expand in Suisun City
- Old Parts For New
- Better Process For City Sewage At $100 Million
- The Vacaville City Council acts to attract Asian M...
- Solano County and its cities planning an additiona...
- TJX Companies (Marshalls and T.J. Maxx) will open...
- PRIVATE SUPPORT FOR UC DAVIS TOPS $100
- $2.3B In Caltrans Projects Ready To Go To Bid
- City of Benicia Reaches State Historic Status
- Anheuser-Busch Enjoys Healthy Sales, Profits
- Economic Outlook Vibrant In Solano
- Experts: County Hot Spot For Businesses Looking To...
- Copart To Acquire UK-based Company
- Transportation Projects On The Way
- University of Phoenix (with Fairfield Campus) rece...
- Firm Turns 25
- Empress Ready To Rule Downtown Vallejo
- Set For Grand Debut
- Five New Solano County Building Projects Coming So...
- Solano EDC Breakfast To Include Growth Talk
- House Plan Elevations Are Given High Marks
- The More The Merrier At Nut Tree
- Bio-Rad (with facilities in Benicia) signs multi-y...
- Good Jobs, Affordable Homes in Solano County
- Sunset, And A New Dawn
- Economic Roundup Breakfast July 25
- 'Brand' New Vallejo
- Planners Set For Vote On Subdivision
- Subdivision Plan Moves Forward
- Genentech's Revenues Top $3 Billion
- Study: California to hit 60 million people by 2050...
- Hardwood Business Hits The Floor Running
- Just What The Doctor Ordered
- On Their Guard
- County's Population Predicted To Double By 2050
- City Officials: Touro Project Exciting News
- Touro's Radical Cancer Center
- City of Dixon Leaders to look at things needed by ...
- Unlike other counties, Solano not facing water red...
- Vallejo M.I. water project funding OK'd
- We need vision, infrastructure
- Rally for biotech Don't let jealousies sabotage So...
- PG&E offers economic-development grants
- Financial outlook good for schools in Vacaville
- Energy Department picks Bay Area for new bioenergy...
- Repairs to ease drivers' despair on I-80
- UC Davis joins bioenergy research partnership
- UC Davis lands federal grant for "knockout mouse" ...
- Repairs to ease drivers' despair on I-80
- Corporate park buildings OK'd in Fairfield
- $125 million from the U.S. Department of Energy ov...
- Developers gear up for new office projects across ...
- Mercedes dealership to open in Fairfield's auto ma...
- Stay A Day, Or Longer, At New Hotels
- Luxury Still Leads
- All Revved Up
- Benicia Span To Provide Relief For Commuters
- ▼ July (61)
- ► 2006 (662)
- ► 2005 (627)
- ► 2004 (125)