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Deal-closing cash awarded to Mesa company

The medical technology company Ulthera will be the third business in Arizona to receive an award from the state’s $25 million deal-closing fund.

The Arizona Commerce Authority announced today that it would be giving Ulthera money to open a new, 35,000-square-foot manufacturing facility and global headquarters in Mesa.

Details of the contract are still being worked out and the total amount of the grant will not be finalized for another few weeks, said ACA spokeswoman Kristen Hellmer.

The Mesa-based Ulthera, which makes aesthetic medical equipment, may also be eligible for job-training grants that were authorized last year, along with the Arizona Competes Fund, as part of the “jobs bill,” otherwise known as Arizona Competitiveness Package.

The manufacturing operation will create more than 100 new jobs and will result in $1.68 million of capital investment by 2014, according to the ACA announcement. The facility will be up and running by mid-2012.

Tempe-based Clear Energy Systems was the first to receive a grant from the deal-closing fund, netting a reported $1 million in October for a $10 million expansion that would create an estimated 225 jobs.

The ACA also announced in January that Silicon Valley Bank would be getting a grant for a new IT and operations facility in Tempe, but that contract also has not been finalized.

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