Skowhegan, Maine — According to state and local economic development sources New Balance plans to invest $65,000,000.00 to build out 120,000 square feet of new space in Skowhegan. The company plans to occupy the new space in Skowhegan, on or about January 1, 2024. According to the company website In 1906, New Balance began as a humble one-man operation founded on the belief that we were born to move, and has since grown into an international corporation, selling footwear and apparel in over 120 countries and employing over 8,000 associates worldwide. Our mission has always been to support the performance of athletes, and with an unparalleled focus on quality and craftsmanship, we’ve come to set the standard for comfort and fit in an industry all too often driven by hype. Whether its setting a new style trend, retooling our manufacturing process, or building a new state-of-the-art headquarters, we pursue innovation with a spirit of fearless independence. As the only privately held major footwear company in the world, were free to do things our way, pushing limits and testing boundaries as we continually reimagine what could be. After all, the status quo isn’t static.

To learn more about New Balance, visit http://www.newbalance.com/

Company Contact:
Dave Wheeler, Chief Operating Officer
617-783-4000

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