B. Braun Medical Inc., the world’s tenth largest medical device manufacturer, is coming to Florida. The company announced that it will be opening its first Florida manufacturing facility in Daytona Beach.
Supported by Enterprise Florida, Team Volusia Economic Development Corporation, Daytona Regional Chamber of Commerce, City of Daytona Beach and Volusia County, the company is making a capital investment of $100 million at the former Baxter Pharmaceutical Solutions facility in Daytona Beach.
The project is expected to create 175 direct new jobs for Daytona Beach and Volusia County. These will be jobs with an average annual wage of $41,963, and total cumulative payroll of $37,766,025.
Braun Medical is part of the B. Braun Group of Companies, whose U.S. headquarters is located in Bethlehem, PA. The Group employs more than 54,000 employees in more than 60 countries, including about 4,700 in the United States. B. Braun Medical’s existing facilities are located in Allentown, PA and Irvine, CA.
This new facility in Daytona Beach will be a key part of helping to address the significant shortage in medical IV product solutions in the U.S. and in world markets.
The package of incentives offered to secure the project includes a 7-year ad valorem tax exemption from Volusia County with an estimated total value of $1,384,326.
Governor Rick Scott met personally with B. Braun executives during his domestic trade mission to Pennsylvania last year. In a statement announcing the project for Florida, Gov. Scott said that “I am proud to announce today that our work to bring B. Braun to Florida has paid off, and that the company has chosen Florida as the best location to grow and create 175 new jobs.”
The Governor added that this announcement shows that “our domestic trade missions are working to bring new opportunities to our state.”
Bruce A. Heugel, senior vice president of B. Braun Medical, added that “With its low taxes and business friendly environment for manufacturers like B. Braun, Florida was the best choice for expansion. We appreciate Governor Scott’s support and look forward to B. Braun’s future success in the Sunshine State.”
Teresa Rand, Chair of the Daytona Regional Chamber of Commerce, noted that “This is a great example of the type of company that will help diversify our workforce and be a catalyst to generate interest in Volusia County as a great place to conduct business.”