Pinnacle Technologies hiring 100 and expanding Phoenix corporate offices
This article originally appeared in the Phoenix Business Journal.
Pinnacle Transplant Technologies LLC plans to double its workforce during the next three years, adding 100 jobs in its growing north Phoenix corporate offices.
The regenerative medical company also is adding 15,000 square feet of space to total 39,000 square feet at its corporate offices at 1125 W. Pinnacle Peak Road in Phoenix, where it also operates 10 clean rooms.
That new space was a call center, said CEO Russ Yelton, who also serves as chairman of the Arizona BioIndustry Association.
“We’re going to build it out and move our administrative people over there,” he said. “We have plans to continue at another phase later to expand our production facility with additional clean rooms.”
He said he will be hiring across the board, including processing, packaging, shipping, warehouse and quality control positions. The company manufactures allografts used to transplant into humans.
Yelton said he was considering expanding out of state. He had narrowed his search to North Carolina and Washington, but worked closely with city officials and other economic development groups.
“Thanks to the efforts of the city of Phoenix, the Arizona Commerce Authorityand Greater Phoenix Economic Council, Pinnacle was able to identify training partners and the workforce needed to support the expansion,” Yelton said. “This comes after the company spent time evaluating multiple markets across the United States.”
He said Phoenix was a better choice not only because of the local and state support but because of relationships with training partners, such as Grand Canyon University.
“While both North Carolina and Washington offered workforce development programs that were better than what we have seen in Arizona, they could not as easily provide the overall workforce we need,” Yelton said. “We have struggled with finding the right workforce but are now connected to groups at Pima and South Mountain Community College as well as ASU.”
The Phoenix company was named to the Inc. 5000 list of fastest growing companies in 2016 at a time when it has experienced an average of 30 percent revenue growth since 2014.
Founded by Gabriel Hyams in 2010, Pinnacle Transplant is now registered to distribute in 13 countries and will be bringing additional products to market later this year.