EVOLVE Business and Professional Magazine May 2019 - Page 14

On hand to celebrate completion of the new B. Braun distribution center are John Albright (Consolidated-Tomoka Land. Co.), John Carey (VanTrust Real Estate), Mayor Derrick Henry (City of Daytona Beach), Bruce Heugel (B. Braun), Hyatt Brown (Brown & Brown Insurance), Deb Denys (Volusia County Council), Jim Chisholm (City of Daytona Beach), Dr. Kent Sharples (CEO Business Alliance) Nancy Keefer (Daytona Regional Chamber), and Glenn Ritchey (Jon Hall Automotive Group). Messrs. Albright, Brown, Heugel and Ritchey are members of the CEO Business Alliance. “Being an international company, we want to make sure we go to places where we are wanted. It really came from the get-go, starting with the governor and the local officials, that they want us here. One of the things it did was built confidence and trust.” Economics, infrastructure, talent pool and speed to market all factored into the decision to make Volusia County the right choice for B. Braun’s more than $140 million investment. “So far it’s been successful,” said Heugel. “We’ve been putting in a lot of money, we’re on the right path here, we’re going to create a lot jobs and have fun.” Teledyne Marine | 14 | EVOLVE BUSINESS AND PROFESSIONAL MAGAZINE What do International Companies Bring to the Table? Success in attracting international companies to the area brings with it a certain prestige – a worldliness on par with major cities and hubs around the globe, not to mention a diversified economy and tax base. Teledyne, another company in Volusia County with global connections, brings with them high paying jobs, a priority for economic development advocates. Under the Teledyne Technologies umbrella, Teledyne Marine, a group of 23 companies in a niche industry, is headquartered in Daytona Beach and is one of the world’s largest underwater equipment suppliers. Teledyne Technologies serves the oil and gas industries, oceanographic markets, and military programs across the world, with the marine branch of companies providing deep-ocean, underwater solutions. Not only is Teledyne a global exporter of their product, but their cutting edge research and development draws foreign direct investment. In turn, the company has invested in Volusia County, employing 300 people and constructing two buildings. The company’s 50,000 square foot building is devoted to research and development of long-range product development and long-range testing. Their 100,000 square foot building is used for integrated manufacturing of underwater connectors and sensors, primarily for the off-shore oil industry. Florida’s Chamber of Commerce Foreign Direct Investment report for 2017 cites the correlation between FDI and jobs, noting that according to the U.S. Department of Commerce, “FDI not only creates jobs in communities across Florida – these jobs pay 30 percent higher than the economy-wide average. For each job directly supported by FDI, there is at least one job indirectly supported by FDI.” Teledyne Marine President Mike Read says the company often taps into the talent pool from universities like Embry- Riddle Aeronautical University. “We have a very active intern program “Local Florida,” (with) universities and schools, particularly Embry-Riddle where these students think they want to go up in the air,” said Read. “They come work for us for a summer or two and we’ll convert about thirty percent of our interns into junior engineers. It’s fantastic. Until they walk in the door, they have no idea about the cool solutions they could be working on here locally in Daytona Beach.” Read has been part of the company, founded 30 years ago in Holly Hill as the small, local business Ocean Design Inc., for 17 years. Purchased by Teledyne