Emerson, a diversified global manufacturing and technology company, is expanding both space and personnel at its Sunrise, Florida, headquarters to supports its business units serving Latin America.
According to the Greater Fort Lauderdale Alliance, in July 2011 Emerson leased approximately 18,000 square feet of space in the Sawgrass International Corporate Park, with an option for an additional 9,500 square feet. Emerson has exercised its office space option at Lake Shore Plaza II, because it expects to add 20 net new positions at its Latin America headquarters this year, which will bring its total employment in Sunrise to more than 70. The Sunrise facility collocates Emerson’s corporate and business unit personnel who oversee the company’s operations in Latin America.
“Emerson’s expansion accents the fact that Florida is truly the best route to business in Latin America,” said Governor Rick Scott. “The company’s capital investment and forthcoming jobs will create greater opportunities for families and the Sunrise area community to prosper.”
The Latin America region remains important to Emerson’s goals, which makes its presence in Florida an asset. “Latin America continues to be a major growth market opportunity for Emerson, and our U.S.-based executives here in Sunrise engage with our customers and our operations throughout Latin America,” said Alex Blochtein, president of Emerson Network Power, Latin America. “The cost efficiencies achieved by consolidating our regional headquarters in Sunrise have been significant, and the ability to take advantage of direct air travel, proximity to a large number of Latin America-related companies and branch offices, enhanced collaboration among our businesses, and the availability of a large multi-lingual labor force made Sunrise a logical choice for our Latin America regional headquarters.”
“We also appreciate and recognize the ongoing and strong support of Florida Governor Rick Scott, Florida Secretary of Commerce and President of Enterprise Florida Gray Swoope and his staff, City of Sunrise Mayor Michael Ryan and Greater Fort Lauderdale Alliance CEO Council Chairman Ray Ferrero, Jr., who have all made us feel welcomed and appreciated for the positive economic development that Emerson’s Latin America headquarters brings to both Florida and the greater Fort Lauderdale area,” Blochtein added.
The office of Governor Rick Scott, Enterprise Florida, the City of Sunrise and the Greater Fort Lauderdale Alliance CEO Council worked together to secure the Emerson expansion in Sunrise. Incentives from the State of Florida and City of Sunrise total $140,000 from the Qualified Target Industries Tax Refund Program, along with an additional $40,000 in a Direct Cash Incentive from the City of Sunrise for the hiring of Sunrise residents.
To receive state and local incentives, Emerson committed to expanding its current workforce by 20 high-paying jobs with an average salary in excess of 200 percent of the local Broward County average wage, or $84,678. Emerson is investing an additional $400,000 for construction and remodeling of the new leased space and for purchases of computer equipment, office furniture and other equipment.
Greater Fort Lauderdale Alliance CEO Council Chairman Ray Ferrero, Jr. stated, “We are so pleased to once again have the opportunity to work with our partners at the Governor’s Office, Enterprise Florida and City of Sunrise on behalf of Emerson. The CEO Council’s mission to maintain and grow the presence of more than 150 corporate and international regional headquarter operations in the Greater Fort Lauderdale/ Broward County area that can take advantage of our world class quality of life, international transportation access and highly rated business and personal tax climate, is exemplified in no better way than by Emerson’s expansion decision.”