EVOLVE Business and Professional Magazine May 2019 | Page 14

On hand to celebrate completion of the new B. Braun distribution center are
John Albright (Consolidated-Tomoka Land. Co.), John Carey (VanTrust Real
Estate), Mayor Derrick Henry (City of Daytona Beach), Bruce Heugel (B.
Braun), Hyatt Brown (Brown & Brown Insurance), Deb Denys (Volusia
County Council), Jim Chisholm (City of Daytona Beach), Dr. Kent Sharples
(CEO Business Alliance) Nancy Keefer (Daytona Regional Chamber), and
Glenn Ritchey (Jon Hall Automotive Group). Messrs. Albright, Brown,
Heugel and Ritchey are members of the CEO Business Alliance.
“Being an international company, we want to make sure we
go to places where we are wanted. It really came from the get-go,
starting with the governor and the local officials, that they want us
here. One of the things it did was built confidence and trust.”
Economics, infrastructure, talent pool and speed to market all
factored into the decision to make Volusia County the right choice
for B. Braun’s more than $140 million investment.
“So far it’s been successful,” said Heugel. “We’ve been putting
in a lot of money, we’re on the right path here, we’re going to create
a lot jobs and have fun.”
Teledyne Marine
| 14 | EVOLVE BUSINESS AND PROFESSIONAL MAGAZINE
What do International Companies Bring
to the Table?
Success in attracting international companies
to the area brings with it a certain prestige – a
worldliness on par with major cities and hubs
around the globe, not to mention a diversified
economy and tax base.
Teledyne, another company in Volusia County
with global connections, brings with them high
paying jobs, a priority for economic development
advocates.
Under the Teledyne Technologies umbrella,
Teledyne Marine, a group of 23 companies in a
niche industry, is headquartered in Daytona Beach
and is one of the world’s largest underwater
equipment suppliers.
Teledyne Technologies serves the oil and gas
industries, oceanographic markets, and military
programs across the world, with the marine
branch of companies providing deep-ocean,
underwater solutions. Not only is Teledyne a global exporter of
their product, but their cutting edge research and development
draws foreign direct investment.
In turn, the company has invested in Volusia County,
employing 300 people and constructing two buildings. The
company’s 50,000 square foot building is devoted to research and
development of long-range product development and long-range
testing. Their 100,000 square foot building is used for integrated
manufacturing of underwater connectors and sensors, primarily for
the off-shore oil industry.
Florida’s Chamber of Commerce Foreign Direct Investment
report for 2017 cites the correlation between FDI and jobs, noting
that according to the U.S. Department of Commerce, “FDI not
only creates jobs in communities across Florida – these jobs pay
30 percent higher than the economy-wide average. For each job
directly supported by FDI, there is at least one job indirectly
supported by FDI.”
Teledyne Marine President Mike Read
says the company often taps into the
talent pool from universities like Embry-
Riddle Aeronautical University.
“We have a very active intern program
“Local Florida,” (with) universities and
schools, particularly Embry-Riddle where
these students think they want to go up in
the air,” said Read. “They come work for
us for a summer or two and we’ll convert
about thirty percent of our interns into
junior engineers. It’s fantastic. Until they
walk in the door, they have no idea about
the cool solutions they could be working
on here locally in Daytona Beach.”
Read has been part of the company,
founded 30 years ago in Holly Hill as the small, local business
Ocean Design Inc., for 17 years. Purchased by Teledyne