Business Council of Alabama member Torch Technologies of Huntsville plans to increase employment by 50 percent as part of a $10 million expansion in the Rocket City. orch Technologies said Friday it will hire 150 new people over the next several years and add to the 300 currently employed at the defense contractor, AL.com reported. Another 90 people work in other locations across the country.
At a groundbreaking ceremony, Torch CEO Bill Roark said the new positions will be added over “the next couple of years” as the employee-owned technology services and solutions firm overhauls its South Memorial Parkway campus, AL.com reported.
Torch also plans to develop a new corporate headquarters and large conference center on the property and call the expanded campus Freedom Center. Roark said Freedom Center will memorialize “our respect and appreciation” for military members.
According to AL.com, Torch will receive a nearly $2.1 million incentive package from the city of Huntsville, the state of Alabama, and the Tennessee Valley Authority.
According to its company profile, Torch Technologies is a 100-percent employee-owned small business with sites in Colorado, Texas, Florida, Hawaii, Kwajalein, and Maryland. Torch Technologies provides research, development, and engineering services to the Department of Defense.
– Dana Beyerle