VOXX International Corporation To Locate Headquarters-Manufacturing Center In Orlando, Florida
As a part of this initiative, VOXX International has also begun the process of moving its New York-based executive headquarters to Orlando, which will eventually be housed in the new building. The expansion will create 134 jobs, in addition to retaining 173 jobs, and invest $16.5 million in the community.
The firm, which will produce automotive entertainment systems and products in its new 115,000 square-foot facility, chose Orlando for its local-based talent pool, proximity to major transportation hubs, and business friendly climate.
Pat Lavelle, President/CEO of VOXX International said, "This is a very exciting development for our company and one we believe is important to the growth of our Automotive OE segment, especially now that we have combined all of our OE business into one entity – VOXXHirschmann. With all of our domestic OE production under one roof, Florida will provide an excellent location and a pro-business climate for us to consolidate production and manufacturing operations from other locations. Today, the Automotive segment of our business represents nearly 50 percent of our sales and we believe this can and will grow over the next several years, especially as we bring to market more integrated solutions that combine our rear-seat entertainment systems with our antenna and tuner technologies."
Governor Rick Scott said, "The expansion of VOXX International and creation of 134 new jobs is great news for Orlando families. We are working to create a global economy where businesses can grow and create more jobs. We have also worked hard to create an environment where our manufacturing businesses can flourish by rolling back the sales tax on manufacturing equipment and machinery for manufacturing companies like VOXX. Florida businesses have created more than 700,000 jobs since December 2010, and we will keep Florida working to grow even more jobs and opportunities for Florida families."
Secretary of Commerce and Enterprise Florida President/CEO Gray Swoope said, "VOXX International's expansion will add great value to Florida's IT and manufacturing sectors. Companies like VOXX are choosing Florida because of the state's strong workforce, expansive infrastructure and pro-business climate. We're excited to see the international growth of VOXX and I look forward to their continued success from this new Florida facility."
Florida Department of Economic Opportunity Executive Director Jesse Panuccio said, "The expansion of VOXX International in Orlando is a win for the local economy and the state. With the retention of 173 jobs and the creation of 134 new jobs, this company will continue to be a vital asset to the local high-tech industry. Partnerships of this nature are key to Florida's nation-leading economic turnaround story."
"We are thrilled that VOXX International has chosen to expand its local operations by building its new, state-of-the-art manufacturing facility in Orange County," said Orange County Mayor Teresa Jacobs. "Orange County serves as a global hub for trade, innovation and economic development. With our world-class airport and skilled workforce, Orange County is the perfect place for VOXX International's high-tech manufacturing facility. In addition to significant capital investment, the high-wage jobs associated with this expansion will be a great addition to our regional economy."
"Orlando's emerging technology and advanced manufacturing industries make it the ideal location for VOXX International's new production facility. We're pleased with VOXX's decision to expand its presence in Orange County to develop its next digital products and offer new opportunities for skilled talent across our region," said Rick Weddle, President/CEO of the Metro Orlando Economic Development Commission.
Finland-Based ADMARES Plans Waycross, Georgia, U.S. Manufacturing Plant
Toyota Plans Georgetown, Kentucky, Electric Vehicle Operations
Ranger Design Establishes North Charleston, South Carolina, Operations
Austrian-Based Kronospan Expands Oxford, Alabama, Operations
TiiCKER Expands Grand Rapids, Michigan, Operations
Hanon Systems Establishes Bulloch County, Georgia, Operations
Is a Flurry of Fads Shaping Economic Development Policy?
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Nearshoring — North America’s Next Factory
Front Line: Water Supply Increasingly Affecting Location Decisions
First Person: Labor Crunch in the Construction Industry
Life Science Conversions in Real Estate
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability