Parametric Solutions Inc., a company that designs gas turbines used in jets and underwater turbines for energy generation, plans to establish a 40,000 square foot manufacturing facility at the Jupiter Park of Commerce in Palm Beach County, Florida.
The company plans to add 100 employees to its workforce of 156 in Jupiter, Florida. Parametric Solutions will primarily assemble turbine engine prototypes for aircraft and power generation applications. The firm plans to hire engineers and technicians for design, analysis, hardware procurement, instrumentation, assembly, and test services over the next two years.
“Parametric Solutions Inc. is celebrating 20 years of bringing high-technology jobs to Florida for satisfied customers around the world,” said Catherine Haas Barre, Parametric Solutions President. “We are excited to bring expanded capabilities to new and existing global customers while providing new career opportunities for Floridians.”
The Business Development Board of Palm Beach County’s Economic Development Resource said it assisted Parametric with its expansion by providing real estate searches, information on state training assistance programs, introductions to Florida Atlantic University and Palm Beach State College, and Workforce Alliance for talent and training assistance.
“We have cut regulations and streamlined the permitting process, cut property taxes, 75 percent of businesses don’t pay a business tax now and we’re doing everything we can to make Florida the place to do business,” said Gov. Rick Scott.
“Parametric’s decision to expand confirms that Palm Beach County and the state of Florida offer an attractive environment for aviation, aerospace and engineering companies,” said Kelly Smallridge, President and CEO of the Business Development Board of Palm Beach County. “The company’s growth has been remarkable and is indicative of the headway we’re seeing in this cluster.”
“Companies such as Parametric Solutions are vital to our community’s economic growth and the continued diversification of our area,” said Mayor Karen Golonka. “We are very pleased that Parametric has been able, with the assistance of the State to stay and expand in Jupiter.”