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Nestl茅 USA has announced to invest $675 million in building a 630,000-square-foot beverage factory in Glendale. The facility is scheduled to open in 2024 and create more than 350 jobs.  

鈥淣estl茅鈥檚 investment for their sustainable and innovative beverage manufacturing facility is a valued addition to Arizona鈥檚 manufacturing industry, creating quality jobs in Glendale while making a positive impact in the community,鈥� Arizona Commerce Authority President and CEO Sandra Watson ,

In hailing Nestl茅鈥檚 decision to invest in the Valley, Ariz. Gov. Doug Ducey the increase in manufacturing in the state.

鈥淣estl茅 selecting Arizona is great news,鈥� Ducey said. 鈥淢anufacturing in our state is surging and Nestl茅’s decision adds to this momentum, as well as bringing diversification to this fast-growing sector of our economy.鈥�

gathered by the ACA shows that manufacturing in Arizona has seen considerable growth and now makes up the second largest industry in the state. 

According to Nestl茅, the Glendale facility will be its most technologically advanced factory and distribution center and will provide an ideal location to reach consumers in the Western states. The factory will strengthen its manufacturing capabilities in order to meet an increased consumer demand and changing dairy market.

This comes after a recent report by Bloomberg Intelligence, which that the plant-based food market could surpass $162 billion in the next decade. If estimates are correct, this will be a 451% increase from when this market was valued at $29.4 billion in 2020.

Daniel Jhung, president of beverage for Nestl茅, said, 鈥淏everages play an increasingly important role in the lives of consumers, a trend that鈥檚 been accelerated by the pandemic and is expected to continue to grow. This investment illustrates our continued commitment to leading and growing categories where we play, providing consumers with a variety of high-quality, innovative products to meet their needs.鈥�

Beginning this summer, the company will be hiring workers for the factory, including positions in professional staff, manufacturing and production leaders, technical staff, and engineers.

to the ACA, Nestl茅 could receive up to $7 million in state tax incentives for newly created jobs. 

鈥淲e appreciate the partnership from state and local officials and look forward to contributing to the local economy and Glendale community for many years to come, including through the creation of over 350 jobs,鈥� Jhung said.