Today, Governor Rick Scott joined President and CEO of TBC Corp., Larry Day, in a ribbon cutting ceremony celebrating their recent expansion in Palm Beach Gardens.
Governor Scott said, “Today’s announcement is evidence that Florida has the perfect climate for business. TBC Corp. chose to expand in Palm Beach over Illinois, underscoring the fact that Florida is well-positioned to lead the country’s economic growth as we continue to create more jobs and opportunities for Florida families.”
This expansion, initially announced in August, has already created 61 new jobs, and will create a total of 175 new jobs by June 2014. In addition to this, TBC Corp. will inject a capital investment of $12 million into the Palm Beach area.
“Since 2004, TBC has created over 560 jobs in Florida and we look forward to continuing that trend in the years to come,” said Larry Day, President & CEO, TBC Corporation. “We thank the State of Florida and the City of Palm Beach Gardens for their continued support of our growth.”
The expansion marks the company’s second Florida expansion in three years and follows their recent acquisition of Midas Inc., a long-time worldwide leader in the automotive services industry.
This new location also retains 120 of TBC’s Florida employees.
“When a Florida community wins and retains a lucrative business opportunity, it’s also a victory for the state. But when a milestone like today’s event is reached, it’s further evidence of Florida’s progress in growing its economy and providing more high value jobs,” said Florida Secretary of Commerce Gray Swoope, who serves as president & CEO of Enterprise Florida Inc. “We’re reaping great rewards from our pro-business climate.”
Attending the event with Governor Scott was President and CEO of the Palm Beach County Business Development Board. “This is the 14th corporate headquarter announcement the Business Development Board has made in the last 13 months. With access to three international airports, a diverse workforce, a multitude of class ‘A’ office space, and quality public and private schools, our county is uniquely positioned to attract these types companies to the area,” said Kelly Smallridge, President & CEO, Palm Beach Business Development Board.