Stretch Wrap Packaging Industries Invests $12 Million To Relocate from South America To Fort Lauderdale, Florida
10/31/2012
“The US economy gaining back momentum and the perceived quality of products manufactured in the USA worldwide, were some of key drivers to relocate the facilities to the United States,” said Stretch Wrap Packaging Vice President Rahul Singh. “While our manufacturing operations could have been located anywhere within the United States, the global strategic location of Broward County, being centrally located in South Florida with its gateway to Latin America and the world, coupled with its strong infrastructure, state tax advantage and quality of life made Greater Fort Lauderdale/Broward County the ideal location for our business.”
“We would like to thank Paola Isaac Baraya from the Greater Fort Lauderdale Alliance and the City of Fort Lauderdale for their support and assistance with expedited permitting, workforce development, manufacturing tax exemptions and other services provided by the Greater Fort Lauderdale Alliance,” Singh added.
“Florida continues to be business-friendly, which is a main reason that companies like Stretch Wrap Packing Industries opt to do business here,” said Gray Swoope, president and CEO of Enterprise Florida Inc., the state’s primary economic development organization. “We welcome Stretch Wrap to Florida’s business community and look forward to its positive economic impact through job creation.”
“We are proud to welcome Stretch Wrap Packaging Industries, LLC, to Fort Lauderdale,” said Mayor Jack Seiler. “An advantageous economic climate has helped the City of Fort Lauderdale establish itself as a world-class international business center and one of the most desirable destinations for new and expanding businesses. We are honored that Stretch Wrap Packaging is joining our family of fast growing businesses here in Fort Lauderdale.”
Greater Fort Lauderdale Alliance CEO Bob Swindell said Greater Fort Lauderdale/Broward County’s central location is a strategic gateway to the world, with superior infrastructure coupled with the flexibility of its foreign trade zone programs.He added the region “ presents tremendous opportunities for manufacturing companies to expand their market access. Our mission is to attract more foreign companies to the Greater Fort Lauderdale/Broward County area that can take advantage of our outstanding quality of life, talented workforce and highly rated business climate and continue growing our target industry clusters including manufacturing.”
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024