Novaspect breaks ground on building
A groundbreaking ceremony was held for Novaspect, a new company that will now call Mandan home.
Novaspect supplies and services valves and other mechanical components for the state’s oil industry and other industries. The 20,000-square-foot building, under construction in the Mandan Industrial Park, will support Novaspect’s North Dakota business expansion. Novaspect officials plan to have 12 employees operating from the Bismarck-Mandan area by the end of the year and about 30 employees within two. The company’s Mandan business center is expected to be completed in June 2013, and anticipates a $2.6 million annual income.
Novaspect sells and services valves, instrumentation and computer systems that control flow rates, pressure and other industrial processes for a diverse customer base. The company’s Mandan business center will serve as a sales center and house the components that is sells and services. Novaspect employees will make an average salary of $100,000 annually with a $30,000 benefits package.
Joining Dalrymple for the groundbreaking were Sen. John Hoeven, Congressman Rick Berg, Mandan Mayor Arlyn Van Beek, Mike Franz, Novaspect’s chief financial officer and other local officials.
“This new business facility represents more jobs and opportunities for North Dakota,” Gov. Jack Dalrymple said. “It is also a reflection of our positive business climate and our strong economy. I applaud Novaspect’s commitment to North Dakota and to helping meet the needs of our energy industry.”
-Brian L. Gray