Recap: Here’s the Scoop on Right to Work Florida’s Economy

Florida’s economy is constantly growing and improving as a result of the Right to Work policies in place. And we have three great examples for you! Microvast Holdings will soon be adding a new location. Meanwhile, ARK Investment Management is relocating to this great state. And lastly, Cal-Maine Foods is expanding. Each one of these investments will positively contribute to the economy, so this is exciting news!

Read on to learn more about each investment and see what people are saying about them.

Microvast Holdings:

Microvast Holdings is adding a new location in Right to Work Lake Mary, Florida. This will also create 100 new jobs for the area!

“Our goals and objectives are centered around thinking forward, powering now and the new R&D center is an important milestone in that journey. […] This investment will support our long-term growth objectives by ensuring that our technologies remain on the forefront, pushing the boundaries of non-flammable material technologies, fast charging cells and battery lifetimes for many years to come.” […]

“[ Microvast Holdings is ]excited to expand our presence in the Orlando area, which is a hub for innovation with exceptional STEM talent from multiple nearby universities. […] We have already begun recruiting and investing in engineers and PhDs for this new facility, which will complement our existing R&D presence of more than 500 professionals in Huzhou, China.”

AREA DEVELOPMENT MAGAZINE

Cal-Maine Foods:

Cal-Maine Foods is investing $23 million in order to expand its production facility in Right to Work Okeechobee, Florida.

“This most recent expansion project in Florida supports our strategy to position Cal-Maine Foods as an industry leader in meeting the growing demand for specialty egg offerings, including cage-free eggs. […] We have a strong market presence in Florida with a large customer base served by the Okeechobee location.” […]AREA DEVELOPMENT MAGAZINE

ARK Investment Management:

ARK Investment Management is relocating its headquarters soon to Right to Work St. Petersburg, Florida!

“We believe the Tampa Bay region’s talent, innovative spirit, and quality of life will accelerate our growth initiatives. […] ARK is not a traditional Wall Street asset management firm, and we are looking forward to breaking the mold further by relocating to St. Petersburg, a city investing in technology, science, and innovation. Our relocation and the ARK Innovation Center will allow us to be more innovative and to impact the broader community while shining a spotlight on the technological advances and creativity permeating the Tampa Bay region.” […]

“ARK represents the community of innovators and disruptors thriving in St. Pete, particularly in the financial sector. […] We are incredibly proud that ARK has chosen not only to join us but to invest in the St. Pete community.”

“We’ve worked closely with our state and regional partners to help ARK choose the City of St. Petersburg for their investment. […] We’re honored to continue our work and excited to collaborate with Cathie and her team to promote innovation and entrepreneurship in Pinellas. We want to thank ARK for its commitment to equitable development and job creation.”

AREA DEVELOPMENT MAGAZINE

To read the previous update on economic development in Right to Work Florida, click here.

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