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February 8, 1995 | Times Staff and Wire Reports
Packard Bell to Remain in State: Packard Bell Electronics Inc. said it has signed a lease to convert the closed Army depot in Sacramento into its North American headquarters, where it will employ 3,000 people by year's end. Keeping the personal computer giant in the state is a coup for California, which has lost many businesses to other states in recent years. Under the deal, to be announced today, Packard Bell is to occupy 1.8 million square feet of office, manufacturing and warehouse space.
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BUSINESS
February 8, 1995 | Times Staff and Wire Reports
Packard Bell to Remain in State: Packard Bell Electronics Inc. said it has signed a lease to convert the closed Army depot in Sacramento into its North American headquarters, where it will employ 3,000 people by year's end. Keeping the personal computer giant in the state is a coup for California, which has lost many businesses to other states in recent years. Under the deal, to be announced today, Packard Bell is to occupy 1.8 million square feet of office, manufacturing and warehouse space.
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BUSINESS
October 4, 1994 | CYNTHIA H. CRAFT, TIMES STAFF WRITER
Packard Bell is on the verge of sewing up a deal to relocate to Sacramento that seems almost too good to be true: Above and beyond a $5-million tax break granted by the Legislature, the computer manufacturer is about to be offered a $26-million loan by the city. City officials say they've never before handed a pot this sweet to a company--especially a marketing operation with little in the way of heavy capital assets to pledge as collateral--but they believe this case warrants the risk.
BUSINESS
October 4, 1994 | CYNTHIA H. CRAFT, TIMES STAFF WRITER
Packard Bell is on the verge of sewing up a deal to relocate to Sacramento that seems almost too good to be true: Above and beyond a $5-million tax break granted by the Legislature, the computer manufacturer is about to be offered a $26-million loan by the city. City officials say they've never before handed a pot this sweet to a company--especially a marketing operation with little in the way of heavy capital assets to pledge as collateral--but they believe this case warrants the risk.
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