The joint efforts of the city, Broward County and the state to woo a leading international manufacturer and supplier of compression valve systems for the natural gas industry to the Corporate Park in Coral Springs has succeeded. The company had two choices: consolidate its operations in Houston, where it currently has a plant, or make Coral Springs its headquarters.
Hoerbiger Corporation of America, founded in 1963, will create 420 jobs and retain 277 employees in Broward County as part of its plans to consolidate its Pompano, Deerfield Beach and Texas plants in Coral Springs. The company will also open a state-of-the-art manufacturing plant at the Corporate Park and will create a $43.1 million capital investment in the region.
As part of the efforts to urge the company to move to the city, Coral Springs committed to provide a financial incentive of $426,000, over a period of five years, while the state promised $2.1 million from the governor’s Quick Action Closing Fund. The company, which earlier went by the code name Project Osprey, also qualified for a Qualified Target Industry tax refund of $1.26 million.
“It wasn’t an easy decision,” said Hannes Hunschofsky, Hoerbiger chief operating officer and executive vice president of global operations. “Houston is the capital of the oil and gas industry, and moreover, we have a plant there with about 105 employees. In the end, it was the support, professionalism and friendliness shown by city officials and staff that made us move to Coral Springs.”
“We had to work hard,” said Ana Zenieh, Coral Springs chief economic development manager. “We were nervous. Texas put together a great package for them. The governor’s office is pro-business and that helped us to make a great counteroffer.”
The company will operate out of a 245,000-square-foot building in the Corporate Park. “We will spend about $10 million on the facility before we move in,” Hunschofsky said. “We plan to occupy the facility later this year; the formal opening should be sometime early next year.
“The facility at the Corporate Park is bigger than all our facilities that we have now,” he said. “We will have about 400 to 450 employees when we start operations here; our plan is to have about 700 employees in 10 years. There is enough room to grow.”
State Representative Jared Moskowitz, Enterprise Florida, the economic development wing of the state, and the Greater Fort Lauderdale Alliance played a key role in making the project happen. Most of the incentive dollars came from the state, with the county and the city also contributing.
“It was a collective effort with the governor leading the way,” said Moskowitz, who had a one-on-one meeting with Rick Scott as part of his efforts to make the project happen. “Texas threw everything they had at this. A lot of work went in to put together an attractive package for the company. I am excited that we succeeded in keeping a great company here, one that creates good, paying jobs.”
“This is huge for the city,” Commissioner Dan Daley said. “I was cautiously optimistic about our chances. I am absolutely ecstatic that we have such a major company in our Corporate Park. We will have 420 new families relocating to Coral Springs; that will be great for our economy.”
“Hoerbiger will be a critical driver of the further diversification of our economy,” said Mayor Skip Campbell in a press release. “As a city, we must continue to attract businesses like Hoerbiger that focus on continuous innovation and expand our global reach. We thank them for their investment in Coral Springs and look forward to watching them prosper.”
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