Accel International Holdings, Inc., a wire and cable manufacturer, will locate its new 150,000 square foot manufacturing facility at the Tradition Center for Commerce in Port St. Lucie, Florida.
The Tradition Center for Commerce in Port St. Lucie comprises over 1,200 acres of prime industrial, office, retail, multi-family residential, recreational and entertainment property located on 4 miles of frontage along I-95 in the heart of southeast Florida.
The company expects to generate 125 new jobs by 2021. The facility will manufacture high performance cables, wires and conductors serving the aerospace, medical, industrial and telecommunications marketplace with silver, nickel- and tin-plated copper and copper alloy products.
The company is scheduled to break ground later this year on the 10 acre facility. With a vision for additional expansion, Accel has acquired a total of 40 acres for future development activity and has made a total capital investment of $55 million.
Founded in 2006, Accel operates three modern manufacturing facilities in Connecticut and Indiana, comprising 450,000 square feet of vertically integrated processes. The company primarily serves the domestic marketplace; however, has international activity in Canada, Mexico, and China.
“Accel’s expansion in Port St. Lucie is great news for Florida’s growing manufacturing sector,” said Governor Ron DeSantis. “Accel’s ability to create high-performance equipment will greatly benefit the aerospace, medical and telecommunications industries. We look forward to Accel’s employment contribution of 125 new jobs by 2021.”
“Enterprise Florida recognizes the benefits that business expansion have for both our economy and a company’s bottom line,” said Jamal Sowell, President & CEO of Enterprise Florida, Inc. “This is great timing and we look forward to Accel becoming a great community partner for long-term economic growth.”
“We are excited about our corporate expansion into Florida and anticipate a bright future for us and the city of Port St. Lucie. We hope bringing 125 new jobs by 2021 to Port St. Lucie during these difficult economic times will be a catalyst for other companies to do the same said Tim Cummings, CFO of Accel.
“The Tradition Center for Commerce is the ideal site for a company of Accel International Holding’s stature,” said Malcolm Sina, Executive Chairman of Sina Companies, the project developer. “They are joining a community of similarly innovative businesses that represent the future of success.”
The St. Lucie Economic Development Council (EDC) coordinated with Sina Companies, state and local partners at Enterprise Florida, the Department of Economic Opportunity, City of Port St. Lucie, and St. Lucie County to attract Accel to Port St. Lucie.
“Port St. Lucie is a vibrant hub of business and industry in South Florida,” said Pete Tesch, President of the Economic Development Council of St. Lucie County. “We are thrilled that Accel International Holdings, Inc. has recognized our prime location, innovative spirit and exceptional workforce in selecting us for this major new expansion.”