California Expansion Watch — but this time, two companies are expanding in Southern California.
First, Northwood Space.
The space-infrastructure company is quintupling its Torrance manufacturing footprint — growing from 25-thousand to 135-thousand square feet.
And the bigger number is jobs: Northwood plans to add about 400 employees over the next three years, with production at the expanded facility beginning in October.
The company is already hiring aggressively — its careers page currently lists more than 70 openings, including engineering, software, manufacturing, supply chain and early-career positions.
And in Orange County, SpyGlass Pharma has opened a new 33-thousand-square-foot headquarters in Irvine.
The eye-care biotech raised 172-and-a-half-million dollars in its February IPO. Since then, SpyGlass says its workforce has grown 33-percent to more than 85 employees.
The company says Irvine’s biotech talent pool was one reason for the expansion.
So while the California Exodus continues with companies and jobs leaving California, these are two private-sector investments going the other direction — new facilities, expansion and jobs staying right here.
AI helped compile this report.
