SIMTEC Silicone Parts Invests $3.5 Million To Relocate Headquarters To Miramar, Florida
Area Development Online News Desk (06/25/2013)
SIMTEC Silicone Parts, a manufacturer of Liquid Silicone Rubber and LSR 2-shot injection molded parts and components, invested $3.5 million to relocate its international headquarters to Miramar, Florida, with plans to hire 40 employees during the next four years.
“We are extremely pleased with our decision to move our company’s headquarters to Florida,” said Enrique Camacho, president of SIMTEC. “Our new, world class, custom designed and built, state-of-the-art facility provides us with the infrastructure we need to serve our global clientele. The timing for the relocation was impeccable for SIMTEC to add additional production units to cover increased demand from our customers.”
The company cited tax incentives, access to ports, international airports, proximity to universities and a strong pool of employees as top advantages for relocation to Broward County, the Greater Fort Lauderdale Alliance said.
Florida’s Department of Economic Opportunity, Enterprise Florida, the City of Miramar, and the Greater Fort Lauderdale Alliance worked together to attract the company to Miramar. SIMTEC Silicone Parts, LLC has been approved for incentives under the state’s Qualified Targeted Industry Tax Refund program, which will be allocated over a seven year period.
“We are proud that Simtec has chosen to do business in our community. Clean, modern manufacturing is among the industries we seek to attract as part of our economic development strategy and SIMTEC’s commitment demonstrates that we continue to thrive as a corporate location,” said Miramar Mayor Lori Moseley.
Greater Fort Lauderdale Alliance President and CEO Bob Swindell added, “We are extremely pleased that SIMTEC selected Miramar for the relocation of its headquarters. The mission of the Alliance is to maintain and grow the presence of target industry companies in the Greater Fort Lauderdale/Broward County area that can take advantage of our educated, diverse and talented workforce; transportation access; and highly rated business and personal tax climate. SIMTEC will be an important part of our strong and growing cluster of manufacturing companies.”