Accel International Holdings, Inc., a wire and cable manufacturer, announced today it has selected Port St. Lucie for its southeast Florida expansion. The company will build a new 150,000-square foot manufacturing facility, which is expected to generate 125 new jobs by 2021. These jobs will have a projected average salary of $47,000. The facility will manufacture high performance cables, wires and conductors serving the aerospace, medical, industrial and telecommunications marketplace with silver, nickel- and tin-plated copper and copper alloy products. Founded in 2006, Accel operates three modern manufacturing facilities in Connecticut and Indiana, comprised of 450,000 square feet of vertically integrated processes. The company primarily serves the domestic marketplace; however, has international activity in Canada, Mexico, and China.
“Accel’s expansion in Port St. Lucie is great news for Florida’s growing manufacturing sector,” said Governor Ron DeSantis. “Accel’s ability to create high-performance equipment will greatly benefit the aerospace, medical and telecommunications industries. We look forward to Accel’s employment contribution of 125 new jobs by 2021.”
“Enterprise Florida recognizes the benefits that business expansion have for both our economy and a company’s bottom line,” said Jamal Sowell, President & CEO of Enterprise Florida, Inc. “This is great timing and we look forward to Accel becoming a great community partner for long-term economic growth.”
Accel’s new 150,000 square foot manufacturing facility will be situated on 10 acres in Port St. Lucie’s Tradition Center for Commerce. The company is scheduled to break ground later this year on the facility. With a vision for additional expansion, Accel has acquired a total of 40 acres for future development activity and has made a total capital investment of $55 million.
“We are excited about our corporate expansion into Florida and anticipate a bright future for us and the city of Port St. Lucie. We hope bringing 125 new jobs by 2021 to Port St. Lucie during these difficult economic times will be a catalyst for other companies to do the same said Tim Cummings, CFO of Accel.
The Tradition Center for Commerce in Port St. Lucie is comprised of over 1,200 acres of prime industrial, office, retail, multi-family residential, recreational and entertainment property located on 4 miles of frontage along I-95 in the heart of southeast Florida.