Cyalume Technologies Holdings Relocates Corporate Headquarters To Fort Lauderdale, Florida
Area Development Online News Desk (09/11/2013)
Cyalume Technologies Holdings, Inc. will relocate its corporate headquarters from Massachusetts to a new facility in Fort Lauderdale, Florida, creating 25 jobs on the east coast of the Sunshine State.
Cyalume designs and manufactures non-pyrotechnic tactical products and training solutions for the world’s militaries and law enforcement agencies, as well as for certain safety markets. The new headquarters will have the capacity to support the finance, sales and marketing, business development, IT, product management teams and senior executives.
“This decision reflects Cyalume’s commitment to long-term global growth,” said President and CEO, Zivi Nedivi. “Our new headquarters offers us access to talent and expansion opportunities to international markets, such as South America. South Florida is recognized as a gateway to the world of international business. This relocation is another step towards our goal to become one of the world’s foremost suppliers of tactical products and training solutions for the world’s militaries, law enforcement agencies, and safety markets.”
“Florida is home to one of the nation’s largest defense and homeland security industries, and few states can even come close to matching the scale and scope of our network of major contractors and suppliers,” said Secretary of Commerce Gray Swoope, who serves as President and CEO of Enterprise Florida. “The addition of Cyalume to our growing list of industry leaders is fantastic news for the state. Their headquarters relocation is proof that Florida has the workforce and international access needed for companies to grow domestically and abroad.”
Enterprise Florida, the City of Fort Lauderdale, the Greater Fort Lauderdale Alliance and the Florida Department of Economic Opportunity, worked together to attract the company to Fort Lauderdale.
Fort Lauderdale Mayor John P. “Jack” Seiler said, “The City of Fort Lauderdale is proud to welcome Cyalume Technologies, an extraordinarily innovative company with an outstanding reputation for developing cutting edge products for our military and law enforcement. Cyalume Technologies joins a growing number of premier headquartered companies who share our confidence in the bright, exciting future that our world-class international business center has to offer.”
Greater Fort Lauderdale Alliance President and CEO Bob Swindell said, “We are pleased that Cyalume has chosen to relocate to Fort Lauderdale. The mission of the Alliance is to maintain and grow the presence of target industry companies in the Greater Fort Lauderdale area that can take advantage of our highly educated and diverse workforce, access to transportation and highly rated business and personal tax climate.”
“We are thrilled to welcome Cyalume Technologies Holdings, Inc. to Ft. Lauderdale and the 25 new high-wage jobs they will create for Florida families,” said Florida Department of Economic Opportunity Executive Director Jesse Panuccio. “With Florida’s strong education and talent pipeline, access to international business, and expansion opportunities, our state is a great place for the defense and security industry to grow and thrive.”
Cyalume is eligible for State of Florida performance-based Qualified Target Industry tax refunds of $175,000 over six years.