Krausz Industries, an Israel-based manufacturer of products for the potable water supply industry, will invest $2.45 million to establish its North American headquarters and future manufacturing facility in Ocala, Florida
. The project is expected to create 22 jobs in the region.
The company’s new Ocala facility will also be used to warehouse finished product, and to provide custom fabrication enhancements to base products made in Israel.
“Krausz Industries is proud to call Florida our North American home to serve customers with superior products and excellent service,” said Danny Krausz, President of Krausz Industries. “We found Ocala to be an ideal location with convenient access to transportation across the continent and to shipping channels along the east coast. The highly skilled workforce in the area, with the skills we need, is also a huge advantage. We believe Ocala, Florida has the Perfect Climate for Business”.
Gov. Rick Scott said the state’s funding of an economic development office in Israel played a large part in attracting the firm. Enterprise Florida invested $100,000 to create an international economic development office in Tel Aviv, Israel. EFI’s 15 international offices provide counseling services for Florida companies looking to export their products/services, as well as foreign companies interested in investing and/or doing business in Florida, the Governor’s Office said.
“Florida’s manufacturing industry is expanding and this new Krausz Industries facility in Marion County will absolutely help the state continue that growth,” said Gray Swoope, President and CEO of Enterprise Florida
. “The removal of the M&E sales tax is already creating a renewed interest in Florida as a location for manufacturers. When you combine the tax removal with our strong workforce, low cost of living and quality life, it’s hard to look past Florida.”
This project was created with the help of close partnerships between Enterprise Florida, Ocala-Marion County Chamber & Economic Partnership
and the Florida Department of Economic Opportunity.
“Thanks to the elimination of the tax of manufacturing equipment, Florida is now a top competitor for attracting the vitally important manufacturing industry to our state,” said Jesse Panuccio, Executive Director of the Florida Department of Economic Opportunity. “The new manufacturing facility that will be built by Krausz Industries creates stable employment opportunities for Marion County families and confirms that Florida is becoming the best place in the nation for manufacturers to grow and expand their businesses.”