indieDwell to open 100,000 sq. ft facility in Pueblo, CO
PUEBLO – Today indieDwell, a manufacturer of modular affordable housing, announced it selected Pueblo, Colorado for the site of its second factory. The factory at full capacity will employ 200 workers and generate an estimated sixteen million dollars in annual payroll. The company anticipates rolling the first units off the production line in the first quarter of 2020. Eventually, workers at the factory will construct 1,000 modules or between 300 and 1000 affordable homes annually for Coloradoans. Extremely low income individuals and families in Colorado face a deficit of over 110,000 affordable rental units across the state.
indieDwell Executive Chairman Pete Gombert cited the region’s need for affordable housing and a robust local workforce in selecting Pueblo for the factory. “Pueblo like many areas faces significant shortages in affordable housing but the combination of the quality workforce and dedicated local partners made this happen,” said Gombert.
Denver-based Gary Community Investments, which invests in philanthropic solutions for Colorado’s low-income children and their families along with the Colorado Health Foundation introduced indieDwell to the Pueblo Economic Development Corporation. With further assistance from the Governor’s Office of Economic Development and International Trade, the partners quickly galvanized a solution for indieDwell’s expansion to Colorado.
indieDwell’s unique model combines “people powered factories” and the manufacture of affordable homes, generating local and regional economic development while helping solve America’s affordable housing crisis. indieDwell pays all employees a living wage, medical, dental and vision benefits.
indieDwell made the announcement at 4:00 p.m. on Monday, October 27, 2019. Details of the project include:
200 guaranteed new full-time jobs with an Average Annual Salary: $38,248. (Pre-Benefit)
$1,636,800 from the City of Pueblo’s half cent fund for economic development (contingent on approval from the Pueblo City Council)
$13 Million investment
$35 Million annual economic impact to Pueblo
“PEDCO is thrilled to work with Pete and his team at indieDwell, as well as Gary Community Investments, Colorado Health Foundation and the Governor’s Office of Economic Development and International Trade, on this incredible project for Pueblo,” said Jeff Shaw, President and CEO of PEDCO. “Pete and his team have been a pleasure to work with and it is evident why indieDwell as enjoyed such incredible support by all the partners in this project.” We look forward to a long relationship with Pete and his team and thank the citizens of Pueblo for making this possible through their continued support of the half cent sales tax fund.”
“We are excited to welcome indieDwell to the Pueblo community. Innovative, low cost housing is a very important part of a thriving economy, and indieDwell provides a solution that is both unique and very cost efficient for the homeowner / resident. indieDwell will provide over 200 great paying jobs to citizens of Pueblo while at the same time becoming a great community partner in further economic development efforts,” said Andrew Trainor, PEDCO Chairman.
About indieDwell
indieDwell, a certified B Corporation, manufacturers healthy, durable, energy efficient and sustainable modular houses, with a mission to help solve the affordable housing crisis, while improving the health of the environment and empowering communities.
About PEDCO:
The Pueblo Economic Development Corporation (PEDCO) is a member supported non-profit organization whose mission is to attract, retain and expand primary jobs. PEDCO works with city, county, state and community organizations to coordinate available resources for economic development.
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