BUSINESS
CONSTRUCTION UNDERWAY FOR
ACCEL’S NEW MANUFACTURING PLANT
When Accel’s manufacturing plant opens, it is expect to create at least 125 new jobs with an estimated yearly salary of $47,000 plus benefits.
Accel International Holdings Inc., a producer of
high-performance conductors, broke ground last
month at the Tradition Center for Commerce for
its newest manufacturing plant.
At least 125 new jobs will be created by the company’s
capital investment of $55 million for the 150,000-squarefoot
building and the manufacturing equipment. Average
annual earnings per worker at the plant are estimated to be
$47,000 plus benefits, 16% higher than St. Lucie County’s
average wage.
Originally established in a garage in 2002 and headquartered
in Meriden, Connecticut, Accel operates three
manufacturing facilities in Indiana and Connecticut. The
company produces and distributes high-performance wire
and cable products for use in aerospace, medical and telecommunications
equipment.
“We are excited to expand our footprint into Florida and
tap into the great resources that the city of Port St. Lucie
has to offer,” Accel’s chief financial officer, Tim Cummings,
said. “We also look forward to becoming an important part
of the community,”
Sean Mitchell, chairman of the St. Lucie County Commission,
praised the company’s decision to build the plant in
Port St. Lucie.
“Accel will be a wonderful asset for our community,” he
said. “The company’s manufacturing jobs are exactly the
type of higher-wage jobs we have been wanting for our
county’s dynamic workforce.
“Accel is also planning on training partnerships with
our schools and that is a great opportunity for students
throughout our county.”
Port St. Lucie Mayor Shannon Martin commented on
how the groundbreaking is another milestone in the city’s
economic diversification.
“In addition to higher-wage jobs, investment by companies
like Accel make it possible for the city to continue
to provide a high level of services and amenities for our
residents while also reducing tax rates,” she said. >>
40 Port St. Lucie Magazine