February 15, 2021
Wednesday, July 31, 2013
Global producer of high-technology electronics will create 300 new jobs and $7.5 million in capital investment
PALM COAST, FL –Governor Rick Scott today announced the expansion of AVEO Engineering in Flagler County. A global producer of high-technology electronics for the aerospace industry, AVEO Engineering will establish a design and manufacturing facility in Flagler County, creating 300 jobs and a $7.5 million capital investment in the community.
Governor Scott said, “AVEO Engineering’s decision to expand in Flagler County and create 300 jobs is great news for Florida families. AVEO Engineering considered other locations like Texas and Malaysia, but they liked what Florida had to offer. Since taking office, our focus has been on job creation and turning Florida’s economy around. With the creation of more than 330,000 private-sector jobs since December 2010 and our unemployment below the national average at 7.1 percent, we know that it’s working in Florida. Today is great news for Flagler County and the state of Florida and we look forward to watching Aveo Engineering grow in the Sunshine State.”
AVEO selected Flagler County as the location for its new plant due to the county’s receptive business climate, an airport location with runway access, a knowledgeable workforce and an ideal quality of life.
“We’ve been working closely with the County and have conducted our workforce analysis over the past few months. We’ve learned that Flagler County and the region provide an amazing pool of talent from which to draw,” AVEO President Christian Nielsen said.
AVEO is a world-leading producer of high-technology electronics solutions and innovative LED lighting products for the aviation, marine, vehicle, mining, industrial, and obstruction warning/safety markets worldwide. With extensive facilities in the USA, Czech Republic, Slovakia, United Kingdom, India and Malaysia, Aveo has been tapped by numerous leading companies worldwide to provide custom-engineered solutions and innovations.
“The manufacturing industry in Florida is growing thanks to our competitive business climate and talented workforce,” said Secretary of Commerce and President & CEO of Enterprise Florida Gray Swoope. “In addition to removing unnecessary taxes on manufacturers, Florida’s strong workforce and top-ranked infrastructure make this the perfect state for manufacturers to locate and expand. We’re thrilled that AVEO Engineering has chosen Flagler County to continue growing their company.”
The company is associated with several well-known aircraft manufacturers, including Sikorsky, Gulfstream, General Atomics, Hughes MD Helicopters, Boeing, Lockheed Martin, and Raytheon. The firm plans to hire approximately 300 people over the next three years, starting with 50 employees in year one. The average wage for employees will be $43,000.
“The estimated $7 million that AVEO Engineering will invest through the construction of a new facility at the Flagler County Airport demonstrates their commitment to the community and their confidence in a long term partnership with the County,” Flagler County Administrator Craig Coffey said.
The company will temporarily operate from a leased facility in Palm Coast while the new building is being designed and constructed.
Florida manufacturers, like AVEO Engineering, are a powerful economic engine for the state’s economy. Many Florida manufacturing operations benefit from the presence of advanced research facilities at Florida’s universities and colleges, military installations and the space industry. The cluster counts nearly 18,000 manufacturers who employ some 311,300 workers across the state.
“This is one of the target industries we have been working to attract,” Flagler County Commissioner Barbara Revels said. Commissioner Revels is the chair of the County’s Economic Development Advisory Council. “It was a team effort on the part of County staff and a game changing success for Flagler County.”
The project was made possible thanks to strong partnerships at the state and local levels. Along with Enterprise Florida, Inc., Flagler County Board of County Commissioners, Flagler County Department of Economic Opportunity, the Flagler County Airport, the Center for Business Excellence, and the Department of Economic Opportunity worked with AVEO Engineering to make this expansion possible.
“We are looking forward to the growth of AVEO Engineering in Flagler County and for the opportunities 300 individuals will have for new high-skill jobs,” said Florida Department of Economic Opportunity Executive Director Jesse Panuccio. “The company’s expansion is further evidence of Florida’s recovering economy and the success of this administration’s policies.”