FOR IMMEDIATE RELEASE: Oct. 31, 2011
Contact: Stacey Swank
Pinellas County Economic Development
(727) 464-7425 or sswank@pinellascounty.org
Digging-In in Pinellas: Dynamet Breaks Ground on Expansion
PINELLAS COUNTY, FL (Oct. 31, 2011) - In mid-September, 2011, Pinellas County business Dynamet Incorporated broke ground on an expansion project that will increase the company's facility by 23,000 square feet and bring 15 new jobs to the area. The decision to expand came after careful consideration was given to other options for the growing company, including the possibility of relocating to another state in order to consolidate similar operations.
According to B. Riffee, General Manger, Dynamet Florida, the right decision was made: "We really did weigh every available choice and ultimately concluded that Pinellas County was in the best interest of Dynamet and Carpenter Technology Corporation."
Dynamet, a subsidiary of parent company Carpenter, manufactures titanium products for a wide range of applications, including wire and bar products used in aerospace fasteners, artificial joints, and high performance motorsports; fine wire products such as those used for welding and surgical sutures; and shaped products used in medical bone plates and racing bicycles. The company has been in business for more than 30 years, utilizing substantial research and development investments to identify ever-improved products across a variety of markets.
Scott Talcott, Business Development Manager with Pinellas County Economic Development (PCED), began working with Dynamet this year, assisting the company in a variety of ways as it researched its options for growth. From examining the company's utilization of state sales tax exemptions on electricity to assisting in the search for temporary facilities during its expansion, Dynamet has benefited from PCED's strong relationships with municipal departments and partner organizations.
Talcott expands, "Incentives and such are only half the story with economic development. So much of what we do to retain existing businesses involves connecting companies to the many outlets available to assist them."
Through PCED, Dynamet was made aware of alternative workforce assistance from WorkNet Pinellas and the Mobile Outreach Skills Training (M.O.S.T.®) program. Talcott also acted as a liaison between the company and the St. Petersburg/ Clearwater Airport, from which it leases land, and Pinellas County Building and Development Review Services, through which permitting for the expansion is conducted.
"Scott and the PCED team have been a great help as we've gone through the expansion planning process. Their expertise and assistance is greatly appreciated and we look forward to growing our business, as well as our relationship with the county," adds Riffee.
Learn more about Dynamet at www.dynamet.com.
How can Pinellas County Economic Development help your growing business? Contact a Business Development Manager at (727) 464-7332 to learn more.
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