Tallahassee, Fla. – Today, Governor Rick Scott announced that Brunswick, Ga.-based ALM Technologies Inc. (a.k.a. Definitive Design Inc.), a high precision aerospace manufacturing company, has announced that it will relocate to Yulee in Nassau County in early 2012, creating 30 net new positions during the next three years.
The average annual wage of the positions – to include skilled machinists, engineers and support personnel – will be $41,267, which is 137 percent of Nassau County’s. The company also will make a substantial capital investment in Nassau, including the purchase of a building and new equipment for its operations.
ALM Technologies provides products for major aerospace suppliers in support of commercial and defense contracts. The company was formed in June 2011 to acquire the selected assets of Definitive Design Inc., which had been privately held since 1996.
“We welcome ALM Technologies to Florida and look forward to its contributions to our aerospace and manufacturing sectors, which are vital to our state’s economic growth and job creation,” said Governor Rick Scott. “With this announcement, the Sunshine State continues to show that it’s open for business.”
“Nassau County and the economic development board provided exactly what we were looking for in our location search – a focused, detail-oriented and quick approach the entire way,” said ALM President Michael J. Piscatella. “While the growth we expect may be inconsistent with the current economic conditions, the forecast for the aerospace industry is in the early stages of a strong upswing. We trust that Definitive Designs can and will bring positive growth to Nassau County.”
The Nassau County Economic Development Board (NCEDB) was instrumental to the selection of Yulee from among the contending cities for ALM’s relocation.
“This is a big win for Nassau County. Entrepreneurs are the growth drivers in this economy and that is what Definitive Designs will bring to our county – positive growth,” said Steve Rieck, executive director of the Nassau County Economic Development Board Executive Director. “NCEDB’s job is not done. We plan to continue working with Definitive Designs to provide any support they require with regard to workforce training, building permitting etc. We brought them here and we want to keep them here.”