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Major tool company relocates to Fort Lauderdale

The Greater Fort Lauderdale Alliance at its mid-year meeting announced specifics on some of the 1,038 new jobs the economic development partnership has helped foster during the first half of its fiscal year.

Bob Swindell

Alliance President/CEO Bob Swindell and Chairman Nelson Fernandez, executive vice president and principal of ANF Group, reported more than $216 million in capital investment by companies assisted by the Alliance since Oct. 1. In addition to the 1,038 new jobs, the Alliance told attendees at Pier Sixty-Six Hotel and Marina that 409 jobs had been retained.

The Alliance had a major score in its ongoing efforts to recruit corporate headquarters.

Techtronic Industries, a group of companies that includes Milwaukee, Ryobi, Hoover and Dirt Devil, relocated its U.S. headquarters from Baltimore to Fort Lauderdale, adding 75 new jobs.

Techtronic was founded in 1985 and is one of the 50 stocks in the Hang Seng Index on the Hong Kong Stock Exchange. The company, which has an office at 450 E. Las Olas Blvd., says it has 23,000 staff members and $7 billion in sales for 2018.

Among other announcements:

 

  • ICON International, a corporate barter company headquartered in Connecticut, has opened a new office in Fort Lauderdale’s Cypress Creek area, adding 50 new jobs. ICON is a subsidiary of Omnicom Group (NYSE: OMC), a $15 billion revenue global advertising and marketing communications services company. ICON says clients come to the company because one or more of their assets have lost market value. ICON acquires the assets, often paying substantially more than buyers in the open market. In exchange, ICON’s clients buy goods and/or services over time from ICON at the rates they would normally pay.
  • Decimal Engineering, which specializes in precision sheet metal fabrication for numerous industries including marine, defense and technology, is adding 20 new jobs, retaining 115 and making a capital investment of $9.9 million dollars at its new manufacturing facility in Coral Springs.
  • DNA Labs International, a company providing forensic DNA analysis, is adding 10 jobs, retaining 33 jobs and making a $7.5 million capital investment in Deerfield Beach.
  • Wayman Aviation, which provides aviation career preparation and recently celebrated the grand opening of its new flight training facility, is adding 20 new jobs and making a capital investment of $4.5 million in Pembroke Pines. Adding to Broward’s aviation cluster has been one of the Alliance’s major priorities.

“Companies continue to choose Greater Fort Lauderdale’s highly competitive business climate and unbeatable quality of life. The Alliance is proud to share the story of our community as a premier business destination and talent hub while working year-round with a variety of partners on important initiatives that challenge the status quo and help bring prosperity to all,” Swindell told attendees.

In a key note address, Florida Gov. Ron DeSantis talked about how Florida’s low tax environment, pro-business stance and quality of life continues to attract relocations.

The Alliance also announced a $75,000 grant to its foundation from the SunTrust Foundation, which will fund a pilot program to help nurture and coach entrepreneurs in Broward County. It will have a special focus on entrepreneurs in six economically challenged zip codes in Broward.

SFBW was among the sponsors of the meeting.

 

 

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.