Gov. Rick Scott announces battery company’s big plans for Brevard
Oakridge Global plans to meet the hiring goals by the end of 2018. The jobs, with an average annual wage of $50,075, will include chemical and mechanical engineers, product designers, tool-and-die and production workers and administrative personnel, he said.
Currently the company has about 50 employees. It was founded in 1986, and started its Florida operations in 2012.
In July, Oakridge Global announced it became the major shareholder in Leclanche S.A., a Switzerland-based company specializing in lithium-titanate technology and is now branching out into large-scale energy storage.
For its operation here, officials said state and local incentives, which sometimes generate ire among critics of such programs, played a role in the company’s expansion here. Palm Bay is providing city property tax breaks that could total nearly $12 million, while Brevard County Commissioners approved $8.95 million in county property tax breaks for the company over 12 years. Enterprise Florida, the state’s economic development agency, also provided incentives though the exact figure hasn’t yet been disclosed.
Oakridge Global considered sites in Utah and Nevada before settling on Brevard for its expansion. Aside from its hiring, the company plans a $270 million capital investment in Brevard. The company would not get the county or Palm Bay tax breaks if it doesn’t meet their job creation and capital investment goals.
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