Wednesday, May 16, 2018
70 year old Sonoma manufacturing business moving to Idaho
It’s the end of an era. Price Pump has grown and thrived in Sonoma for 70 years. But before the end of this year, the manufacturer of high-tech pumps will pull up stakes and move its headquarters – lock, stock and pump – to Boise, Idaho.
“It has simply become too difficult and too costly to run a manufacturing business in Sonoma Valley,” said Price Pump President Bob Piazza....
“I don’t love change,” he said, “But the way things are going, we don’t have a choice.”
...One of his employees is 66 years old and has never worked anyplace other than Price Pump.
“When he said he would move with us, I was surprised,” said Piazza. “But he explained to me that he had planned to work until 70 and it would be hard to get a different job now, but even more… he realized that when he ran the numbers, he wouldn’t even be able to retire in Sonoma at 70.”
Another employee lost his house during the 2009 recession and he’s moving because, he told Piazza, it will be give him a chance to be a homeowner again.
“He gets to keep the same pay, move someplace less expensive and he’ll get a moving allowance and be able to buy a house,” said Piazza.
Piazza’s employees have been pleased to find that they can buy a house in the Boise area that is comparable to their home in Sonoma for less half the cost....