TORGESON ELECTRIC COMPANY SET TO EXPAND IN TOPEKA, CREATING ESTIMATED $156M ECONOMIC IMPACT
Topeka, KS — Today, Topeka and Shawnee County’s Joint Economic Development Organization (JEDO) board approved an incentive agreement that will aid in the expansion of Torgeson Electric Company, an employee-owned Topeka-based company offering a variety of electrical services for the commercial, industrial, civil and residential sectors.
Previously referred to as “Project Bolt,” this expansion is expected to result in an estimated economic impact locally of $156 million over 10 years, with Torgeson projected to make a $7 million capital investment. The expansion will create up to 44 new full-time jobs with an average salary of $40,000, plus benefits. The performance-based JEDO incentive for this project is up to $268,000, resulting in a 322% return on investment.
“We are excited about this investment in our local economy and our ability to increase our overall capabilities,” said Jason Mack, president of Torgeson Electric Company. “This expansion will allow us to grow our talented roster of employee owners, as we continue to promote electrical education, training, and career development. We would like to thank JEDO and the Greater Topeka Partnership for their support of our company and our industry.”
“Torgeson Electric is already well known in our community for the wonderful work they do,” said Aaron Mays, Shawnee County Commission chair. “With this expansion, they’re on track to help an even greater number of businesses, organizations and residents in the area bring their ideas to light.”
“I’m pleased to see another local company expanding here at home,” said Topeka Mayor Mike Padilla. “Torgeson Electric does great work. Their expansion and the local economic impact resulting from it are a big deal, as are the dozens of new jobs being created thanks to JEDO’s support.”
“Torgeson Electric has been active in this community for decades,” said Molly Howey, GO Topeka president. “It’s always great to see our economic development efforts help local companies expand during the course of their business journeys.”
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About Greater Topeka
The Greater Topeka area in Shawnee County represents a community of 178,909 people and is located in the Greater Kansas City region. As the state capital of Kansas, Topeka is home to a dynamic employer base. Companies headquartered here include Hill’s Pet Nutrition, Advisors Excel, Security Benefit, Capitol Federal and Evergy.
About GO Topeka
GO Topeka creates county-wide economic success for all companies and citizens through implementation of an aggressive economic-development strategy that capitalizes on the unique strengths of the community. GO Topeka operates under the Greater Topeka Partnership and is the leading economic development agency in the area. For more, visit GoTopeka.com.