Could Redmond be getting a large employer? KTVZ reported yesterday that MVM Technologies of San Clemente, CA is considering relocating to Redmond. MVM Technologies has been in the printer supplies industry since 1995 selling high quality Inkjet Cartridges, Toner Cartridges and Inkjet Refill Kits. The company is also reportedly considering four other locations outside of Oregon but has not announced a date for when a decision will be made regarding a new location. According to MVM Technologies they would employ 200 people immediately upon moving with the number of employees expected to grow to 1,000 within two to three years. They suggested they could ultimately employ as many as 6,000 Central Oregonians if they do move here.
There are a few hurdles that need to be cleared before they would make the decision to move to Redmond. The big hurdle is that Oregon law does not currently allow the sale of industrial revenue bonds for research and development. The company has stated that this is a vital component of their decision making process. State Senator Chris Telfer (R-Bend) told KTVZ that she has already begun working on a bill to change the law and expects little or no opposition when the legislative session opens in February.
If you are a home owner or a potential home owner in Central Oregon this development bears watching closely. A bump in employment of that magnitude (1,000 to 6,000 jobs) would have a dramatic impact on the housing market. It is too early in the game to be buying homes based solely on the possibility of MVM Technologies moving to the area. However, regardless of what happens with MVM, now is still a great time to buy homes in Central Oregon as I have mentioned in previous posts (here, here, and here).
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