excerpted from the Echo Press, 4-16-08
The Alexandria City Council formally approved the business sudsidy agreement with 3M for its Job Opportunity Building Zone (JOBZ) project. 3M is building a 60,000 square food expansion to its existing 225,000 square foot facility--its first expansion since 1981. The total cost is estimated at $48.85 million. The project is expected to create 50 new full-time jobs over the next two years with an average hourly wage (excluding benefits) of $25.50.