Economic development is a gas, gas, gas in Ormond Beach.
That’s because the town raised money in a “Jumpin’ Jack Flash” to incentivize keeping a manufacturer in town.
CO2 Meter, a manufacturer of scientific devices and engineering solutions to detect and monitor carbon dioxide for a global customer base, plans to build a new headquarters there.
Commissioners unanimously approved funding of up to $84,412 to help CO2 Meter build a new headquarters at 105 Runway Circle in the Ormond Beach Airport Business Park. So far, the company has qualified for $44,412.
The company is currently located at 131 Business Center Drive in Ormond Commerce Park.
CO2 Meter plans to invest $3 million to build and equip a 20,000 square foot headquarters, retain 19 employees and hire four more over the next three to five years.
Ormond Beach would receive $229,442 in property tax revenue over 10 years if the project is completed.
“We love having you guys,” Mayor Bill Partington said at the June 7 commission meeting as elected officials and the public applauded corporate officials. The mayor said CO2 Meter’s products keep people safe by detecting carbon dioxide.
Commissioner Dwight Selby praised the incentive spending to keep a business in town ready to invest $3 million in a corporate office and hire more people.
Company officials decided to keep the company in Ormond Beach and build a new headquarters here after searching for sites elsewhere in Volusia County and northeast Florida.
Reasons for the construction include expanding operations, reducing costs and increasing efficiency by locating the business in a single building as well as expanding sales and distribution opportunities.
CO2 Meter designs and manufactures over 350 different devices and technologies used by customers in over 150 countries around the world.
Ormond Beach’s business incentives have played a role in retaining and expanding other businesses, including:
• Pace Analytical, a national high-paying testing lab at Airport Business Park
• Hudson Technology, a medical device manufacturer in the northern United States 1.
• Duva-Sawko, providing assistance with medical coding and billing on South Yonge Street
• OnSolve, a leader in critical event communications and mass notifications, based on West Granada Boulevard
• SR Perrot, a beverage distributor in the northern United States 1
• Concentrated Aloe, maker of personal care products and beverages, on Tower Circle
• Ameritech Die and Mold South, a state-of-the-art plastic injection mold maker on Tower Circle
• Edgewell Personal Care, manufacturer of skin care products, northern United States 1
• Future Foods Enterprises remodeled a building for a food manufacturing plant on the northern United States 1