AMES, Iowa--(BUSINESS WIRE) -- Renewable Energy Group, Inc. (NASDAQ:REGI) recently held a ribbon cutting to formally open a second office building at their Ames headquarters complex.
The 12,000-square foot space at 215 Alexander Avenue is just a short walk from REG's main headquarters building at 416 S. Bell Avenue, which the Company has occupied since moving its business operations from Ralston to Ames in 2007. REG purchased the Alexander location last December and remodeled the space, while also making upgrades to the Bell Avenue facility. The total investment for the combined project was approximately $2.5 million.
"This expansion is in support of our international and North American growth, diversification and build-out of our hub-and-spoke model where the business continues to be centered in Ames administratively and in decision-making," said Daniel J. Oh, President and CEO. "When REG first moved to Ames we were less than 30 employees strong. If you asked anyone then about a vision that included two buildings in Ames and nearly 230 local employees, they would have had trouble seeing it. Still, our shareholders, employees, leadership and the Ames community saw it, believed in it, and here we are today."
Ames community leaders at the ribbon cutting praised REG's growth. "This is exactly the kind of company we want in Ames," said Steve Goodhue, Chairman of the Ames Economic Development Commission. "REG is attracting top-notch talent."
On July 15, REG moved 61 employees from the company's accounting, finance, tax and IT departments into the Alexander location, which has room for additional personnel.