Recap: What Do IEM and Keymark Have in Common?
IEM and Keymark are both investing in Right to Work Florida! Both will be expanding soon within the Sunshine State. Read on in order to find out how these two great businesses will positively impact the stateâ€™s economy.
IEM is planning an expansion soon in Right to Work Jacksonville, Florida. As a result, this will create 300 new jobs for the area.
â€œIEM is investing heavily in our Jacksonville plants and our capabilities,â€ said Tim Ferguson, vice president of operations. [â€¦]
â€œIt is most certainly an expansion to help us increase our footprint in a really strong market for our product, which is electric power distribution equipment,â€ Ferguson said.
He said the new larger location will allow IEM to move some of its existing products to the new site and expand its capacity and capabilities.JACKSONVILLE DAILY RECORD
Keymark will soon be investing $36 million in order to expand, add a new facility, and create 25 new jobs in Right to Work Lakeland, Florida.
Keymark officials say the company is creating at least 25 new jobs at both Lakeland facilities, which will pay at least 100% of Polk Countyâ€™s average annual wage of $46,763 or $22.48 an hour. The company will invest an estimated $36 million in capital improvements â€“- more than three and a half times the amount required by the incentive program.LKLDNOW
To read the previous update on economic development in Right to Work Florida, click here.
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