Economic Development

Indian River County Awards Incentives to Local Firm

Indian River County Awards Incentives to Local Firm

Lemnature AquaFarms expanding its operations in Indian River County 

 

The Indian River County Chamber of Commerce Economic  Development Office announced that the IRC Board of County  Commissioners unanimously approved a Local Jobs Grant incentive application for  Lemnature AquaFarms. Lemnature AquaFarms is a business-to-business plant-based food ingredient supplier to the food, beverage, and nutrition markets, currently expanding its operations in Indian River County.  

The Indian River County Local Jobs Grant is a performance-based incentive program that pays up to $7,000 per new job created, based on the average wages paid to new hires. At least five new jobs must be created, paying a minimum of 75% of the county’s average annual wage. Based on county staff calculations, the company is eligible for up to $200,000 in Jobs Grant funds. The award is paid out over a period of  3-5 years after the jobs are in place and confirmed by county staff. 

Lemnature AquaFarms has three locations in Indian River County, including its corporate headquarters, an R&D facility in Fellsmere, plus a large aquafarming and processing operation in western Indian River County. The company anticipates adding  46 employees to its current base of 115 workers by the end of the calendar year, at an average annual wage of $59,800, excluding benefits.  

Expressing his appreciation, Frank Jimenez, CEO of Lemnature AquaFarms,  states “We appreciate and value the partnerships with the Chamber and its Economic 

Development Office, and the Board of County Commissioners, as we build and scale our highly sustainable, plant-based food business and aquafarm within Indian River  County.” Further explaining, he adds, “We believe in building innovative farming  solutions to help accelerate the transition to a regenerative food system while assisting our customers in the achievement of sustainable development goals through a more  efficient agricultural process based on aquaculture.” 

The company grows and processes the all-natural Lemnaceae aquatic plant, aka water lentils, which grows naturally – and rapidly - in Indian River County. This aquatic plant doubles its biomass every 48 hours so harvesting can be done daily, year-round in the county’s tropical type of climate. The company will be producing plant-based protein and fiber to be included as ingredients within superfood drinks, protein powders,  and nutritional beverages. 

As a way to promote the company and its mission, Helene Caseltine, the  Chamber’s Economic Development Director, arranged for the company’s CEO to give a  presentation to the Commissioners at their regular meeting of April 5, 2022. “The  County Commission is excited to see Lemnature AquaFarms expanding in Indian River  County,” said Commission Chairman Peter O’Bryan. “We are very pleased that programs like our Local Jobs Grant can assist local companies with their expansion plans. We’re not only interested in attracting new business to Indian River County, but  also encouraging our local businesses to expand and add jobs.” 

Helene Caseltine echoed Mr. Jimenez’s appreciation of the County Commission,  adding “We thank the Commissioners for their continued support of our economic development activities. The Board’s actions demonstrate that, indeed, Indian River  County, FL is ready and open for business.” 

For more information on locating or expanding a business in Indian River County,  call Helene Caseltine at the Indian River County Chamber of Commerce, 772-567-3491 or visit www.indianrivered.com. 

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]

Jun. 20, 2022|

St. Lucie EDC wins three top statewide marketing awards

St. Lucie EDC wins three top statewide marketing awards

 

 

The Economic Council of St Lucie County was honored with three top marketing awards from the Florida Economic Development Council.

The Florida Economic Development Council (FEDC) presented its Best in Show 2022 Innovation in Marketing award and two other top awards to the Economic Development Council of St. Lucie County (EDC) at the organization’s annual meeting in St. Petersburg on May 17.

The Best in Show award recognizes excellence in creative, effective and meaningful marketing and is named in memory of Melissa Medley, who developed Florida’s first ever business brand while serving as chief marketing officer for Enterprise Florida. The award-winning entry, “On the Road with Jenn & Jill” created by EDC Director of Business Development Jenn DuBey, is an animated video tour of St. Lucie County’s industrial assets and projects designed to market the county in conjunction with CRE.Converge, a commercial real estate event in Miami in 2021.

“My role at the EDC had changed and I thought creating this video would be an excellent way to educate myself and others about the various projects we are working on in St. Lucie County,” said DuBey. “I started the video with no real idea of how to do it but ended up with something I’m really proud of.”  To view the video: https://www.youtube.com/watch?v=y8u_qi20xOc.

The other two top FEDC innovation in marketing awards recognized the EDC staff’s work during the COVID shutdown in 2020 and its ongoing Work Local St. Lucie campaign to make the county’s large number of commuters aware of jobs available in Port St. Lucie and Fort Pierce.

Judges for the FEDC awards mentioned the innovative partnership between the EDC and the Boys & Girls Clubs of St. Lucie County during the COVID shutdown and its aftermath. Club members were recruited by the EDC to personally visit many small retailers, restaurants and service providers to ensure they were aware of available financial assistance from the federal government. EDC staff also worked with the staff of the Small Business Development Center at Indian River State College to assist with processing aid applications. In addition, EDC staff sent out detailed daily email communications about COVID response programs and related information to the local business community.

“This award is to recognize those EDOs who rose to the occasion and persisted, demonstrating dedication and commitment to the local economy and proved to be a critical resource during crisis and into recovery,” the FEDC noted about the Pivot and Persist award.

The Work Local St. Lucie program includes a section of the EDC’s website, www.youredc.com/worklocal, that lists featured local jobs and links to local employer job boards by industry sector. Regular social media posts, billboards, signage, print and digital advertising, and ongoing partnerships with St. Lucie Public Schools, Indian River State College, CareerSource Research Coast and many other area organizations to address awareness and training to help close skills gaps are all part of the multiyear program.

“The EDC staff is small but mighty, and absolutely dedicated to our mission of promoting economic vitality and enhancing the quality of life in St. Lucie County,” said EDC President Pete Tesch. “We are so honored and humbled that the state’s top economic development association selected our programs and outreach to receive these truly prestigious awards.”

 

 

About the Economic Development Council of St. Lucie County

The EDC is a private, not-for-profit organization dedicated to promoting economic vitality in St. Lucie County through the attraction, retention and expansion of businesses in the community. The EDC works

in partnership with local governments and the private sector to advance its goals of creating more and better-paying jobs for residents, broadening the tax base and improving St. Lucie County’s economic

quality of life. Contact the EDC at 772.336.6250 or www.youredc.com.

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]

May. 23, 2022|

Interstate Commerce Center receives site plan approval

Interstate Commerce Center Receives Site Plan Approval

 

The Interstate Commerce Center will have more than 1,300 feet of frontage on Interstate 95.

 

The Fort Pierce City Commission on Feb. 7 unanimously approved the site plan for Interstate Commerce Center (ICC), a 207,458-gross-square-foot Class-A warehouse building that will front Interstate 95 south of Okeechobee Road on 12.7 acres.

This milestone represents the final land use approval required for JBL Asset Management’s (JBL) development.  Groundbreaking is anticipated in the second quarter with occupancy planned for the fourth quarter 2022.

Sited at the northernmost point with close proximity to both of Florida’s main north-south highways – Interstate 95 and the Florida Turnpike – ICC is located within one mile of both Exit 129 on I-95 and Exit 152 on the turnpike.  The facility’s location provides for access to Orlando, Fort Myers and Miami within two hours.  The property will have more than 1,300 feet of frontage and direct sight lines to the well-traveled I-95 corridor.

“These distinctive and desirable qualities are driving interest from efficiency-minded businesses seeking brand exposure and quick access to Florida’s most densely populated hubs,” said Michael Rem with JBL.  “There is currently quite a bit of product being developed for large users, so we are very excited to be able to offer attractive Class-A facilities for mid-size users with I-95 frontage and excellent access to both the interstate and Florida’s Turnpike.”

When complete, the institutional-grade facility will have 32-foot interior clear heights, a 60-foot speed bay, 60 dock-high loading bays, and four at-grade ramps.  The property has been designed to flexibly accommodate tenants ranging from 25,000 to 200,000-plus square feet. Separate parking areas and entrances for employees will prioritize safety and visitor experience.

“Fort Pierce is looking forward to welcoming new businesses to the Interstate Commerce Center. This warehouse space will be ideal for mid-size industrial and manufacturing uses,” said Fort Pierce Mayor Linda Hudson. “Close by is the Treasure Coast International Airport, the Port of Fort Pierce and the Florida East Coast and Brightline Railroads.  Fort Pierce, the county seat of St. Lucie County, is known for its safe inlet, connecting the Indian River Lagoon to the Atlantic Ocean, and beautiful, pristine, uncrowded beaches.  Employees of any new business locating here will live and work in paradise.”

The property, located at 3800 Crossroads Parkway within the Crossroads Park of Commerce, is being marketed by Cushman & Wakefield, for more information visit www.icommercecenter.com.

“St. Lucie County is well located, with 70% of Florida’s population within a short three-hour drive. Walmart, Amazon, FedEx and others have sited significant distribution operations here and facilities like JBL’s Interstate Commerce Center now make locating in St. Lucie County a fantastic option for companies needing a smaller footprint for their distribution, warehousing and manufacturing operations,” said Jill Marasa, vice president business retention and expansion for the Economic Development Council of St. Lucie County (EDC).  “Plus, our fast-paced residential growth and the fact that more than 60% of our workforce currently commutes outside the county means we have workers ready, able and willing to build careers in logistics and manufacturing.”

 

About the Economic Development Council of St. Lucie County

The EDC is a private, not-for-profit organization dedicated to promoting economic vitality in St. Lucie County through the attraction, retention and expansion of businesses in the community.  The EDC works in partnership with local governments and the private sector to advance its goals of creating more and better-paying jobs for residents, broadening the tax base and improving St. Lucie County’s economic quality of life.  Contact the EDC at 772.336.6250 or www.youredc.com.

 

About JBL Asset Management

JBL Asset Management is a fully integrated commercial real estate investment firm specializing in the acquisition, development and management of commercial properties in major markets across the country.  JBL’s current portfolio spans over 3M square feet and is diversified between retail, multi-family, and industrial properties.  JBL’s current development projects include 1,000 multi-family units in various stages of development and 500,000+ SF of ground-up commercial product. For more information: www.jblmgmt.com.

 

Interstate Commerce Center Leasing Inquiries

Leasing inquiries can be directed to Cushman & Wakefield -- Christopher Thomson, SIOR, executive managing director, [email protected]com, 561.227.2019; Chris Metzger, SIOR, executive managing director, [email protected] 954-415-9155; or Merritt Etner, senior associate, [email protected], 561-990-9706.

 

Rendering of Interstate Commerce Center as seen from the southbound lanes of I-95.

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected] [email protected]

 

Feb. 28, 2022|

Producer of Conductors arrives at Tradition

 Producer of Conductors arrives at Tradition

 

Accel rendering

Rendering of Accel International’s new manufacturing facility in the Tradition Center for Commerce.

 

Accel International Holdings, Inc., a producer of high-performance conductors, broke ground on December 9, 2021 at the Tradition Center for Commerce in Port St. Lucie for the company’s newest manufacturing facility.

At least 125 new jobs will be created by the company’s capital investment of $55 million for its new 150,000-square-foot facility and manufacturing equipment. Average annual earnings per worker at the Tradition facility are estimated to be $47,000 plus benefits, 16% higher than St. Lucie County’s average wage.

Originally established in a garage in 2002 and now headquartered in Meriden, Connecticut, Accel currently operates three manufacturing facilities in Indiana and Connecticut.  The company produces and distributes high-performance wire and cable products for use in aerospace, medical and telecommunications equipment.

“We are excited to expand our footprint into Florida and tap into the great resources that the city of Port St. Lucie has to offer. We also look forward to becoming an important part of the community,” said Accel Chief Financial Officer Tim Cummings.

“Accel will be a wonderful asset for our community.  The company’s manufacturing jobs are exactly the type of higher-wage jobs we have been wanting for our county’s dynamic workforce,” said St. Lucie County Commission Chair Sean Mitchell. “Accel is also planning on training partnerships with our schools and that is a great opportunity for students throughout our county.”

“Today’s groundbreaking on Accel International’s 40 acres in the Tradition Center for Commerce is another milestone in the ongoing diversification of the city’s economy,” said Port St. Lucie Mayor Shannon Martin. “In addition to higher-wage jobs, investment by companies like Accel make it possible for the city to continue to provide a high level of services and amenities for our residents while also reducing tax rates.”

“We began our relationship with Accel over two years ago by initially searching for an exciting facility to renovate.  Not being able to find a viable option, we considered many alternatives within the southeastern U.S. for a ground-up facility and finally chose Port St. Lucie,” said Malcolm Sina, executive chairman of Sina Companies, the project’s developer. “Having developed projects in over 30 states, it has been a real pleasure working with everyone in the city of Port St. Lucie, St. Lucie County, and the state of Florida.”

“This is what we do. It’s exactly what we need to be focusing on, in particular a focus on manufacturing,” said Florida Secretary of Commerce Mark Adler, who attended the Accel International Dec. 9 groundbreaking in his first official appearance following his appointment to the position of commerce secretary and interim president/CEO of Enterprise Florida on Dec. 8. “Florida is open for business.” The state funded $3 million in 2017 toward the development of road the facility is located on.

“Our focus on recruiting clean, high-paying manufacturing jobs to St. Lucie County continues to pay off,” said Pete Tesch, president of the Economic Development Council of St. Lucie County.  “We are very proud that Port St. Lucie was selected for Accel’s expansion over two sites in Connecticut and one in North Carolina.”

The company’s vice president of sales, Kyle Senk, told the approximately 100 groundbreaking ceremony attendees that Accel’s manufacturing equipment is expected to arrive at the new facility in June or July. Senk said the project is the company’s largest capital investment to date, and will be its most technologically advanced.

 

About the Economic Development Council of St. Lucie County

The EDC is a private, not-for-profit organization dedicated to promoting economic vitality in St. Lucie County through the attraction, retention and expansion of businesses in the community.  The EDC works in partnership with local governments and the private sector to advance its goals of creating more and better-paying jobs for residents, broadening the tax base and improving St. Lucie County’s economic quality of life.  Contact the EDC at 772.336.6250 or www.youredc.com.

About Accel International Holdings

Accel is a premier manufacturer of high-performance conductors serving the aerospace, medical, industrial and computer marketplace with silver-plated, nickel-plated and tin-plated copper and copper alloy products. Established in 2006, Accel is a privately owned company with three manufacturing locations in Connecticut and Indiana, serving the domestic marketplace with international activity in Canada, Mexico and China.

 

Groundbreaking Photo by Maureen Saltzer

Local officials and representatives from Accel International and Sina Companies break ground Dec. 9 at the Tradition Center for Commerce.

 

Dec. 13, 2021|

Symposium focuses on grappling with changing workforce

JENSEN BEACH — Treasure Coast economic development agencies have teamed up to sponsor a symposium aimed at helping business leaders grapple with an evolving 21st century workforce.

“Leading the New Breed Symposium: Motivating Managers, Millennials & Misfits,’’ a seminar featuring nationally renowned speaker, trainer and author Phillip Van Hooser, […]

Jun. 6, 2018|