PALM BEACH COUNTY AEROSPACE HUB ATTRACTS NEW COMPANY

tags: 
Posted by: Site Administrator on Wednesday, August 7, 2019 at 12:00:00 am

August 7, 2019, PALM BEACH COUNTY – CYIENT Defense Services, an engineering and technology company, worked with the Business Development Board of Palm Beach County (BDB) to tap into the local aerospace industry, resulting in an expansion that will support the sector through machining of precision aerospace hardware and engineering services. CYIENT plans to create 50 new jobs in addition to its current work force of 150 with an average salary of $85,000. Located at 15300 Park of Commerce Blvd in Unincorporated Jupiter, it has invested over $3.5 million into its new 30,000 sq. ft. facility.

CYIENT Defense Services provides engineering and technology solutions to global industry leaders. In Palm Beach County, the primary focus will be in aerospace, with plans to expand into more industries in the future. With extensive experience in multiple rotary and fixed-wing systems produced by U.S. and European original equipment manufacturers (OEMs), CYIENT Defense Services has many customers in the aviation, aerospace, and engineering (A/A/E) industries. In fact, Palm Beach County is home to over 1,350 A/A/E related companies, putting CYIENT in close proximity to current and future customers. The company also works on ground-based platforms through their transportation and off-highway engineering businesses.

The BDB assisted CYIENT with multiple aspects throughout the expansion, including information on Sales & Use Tax Exemptions for manufacturing companies, a resource that the company wasn’t aware of and benefited from with equipment. The BDB also helped CYIENT establish a local talent pipeline by connecting it with CareerSource Palm Beach County, Palm Beach State College, and Florida Atlantic University. In addition to local introductions, CYIENT Defense Services was also connected to the state-wide aerospace economic development organization, Space Florida.

“Palm Beach County’s A/A/E sector employs approximately 17,000 residents with an average salary of $90,000,” said Kelly Smallridge, President and CEO of the Business Development Board. “This expansion is a testament to the quality workforce available in the county. CYIENT will have access to not only the strong A/A/E cluster here, but also the diverse manufacturing sector.”

 

About CYIENT Defense Services:  Founded in 1991, CYIENT, the parent company of CYIENT Defense Services, provides engineering and technology solutions to global industry leaders. It delivers innovative solutions that add value to businesses through the deployment of robust processes and state-of-the-art technology. CYIENT’s high quality products and services help clients leverage market opportunities and gain the competitive advantage. From quieter flights and safer train rides to more reliable energy supply, it strives to provide comprehensive solutions that help clients achieve their operational and business goals. Problems are an opportunity to use extensive global experience and industry knowledge creatively to help clients do more.

About Business Development Board: The Business Development Board of Palm Beach County is the official public/private economic development organization for Palm Beach County and Enterprise Florida.  Founded in 1982 as a not-for-profit corporation, our primary purpose is to attract and retain new industry, business investment, high quality jobs and workforce development through corporate relocations, expansions and international trade. During the past five years, the BDB has assisted companies that have created more than 12,822 direct jobs with average salaries greater than $69,062, resulting in more than $777 million in capital investment to Palm Beach County and an economic impact that exceeds $6.87 billion.  Additional information can be found at the BDB’s web site, BDB.org.

 

-BDB-

Comments

Leave a Comment

Investors

#1 Palm Beach County Board of County Commissioners Aerojet Rocketdyne Bank of America Baptist Health South Florida BB&T
Caler, Donten, Levine, Cohen, Porter & Veil, P.A. CareerSource Centennial Bank DePuy Synthes Power Tools, a Johnson & Johnson Company Engel & Volkers Palm Beach
Equestrian Center Florida Crystals Corporation FPL Greenberg Traurig Gunster
Hardrives, Inc. HCA Palm Beach Hospitals Hedrick Brothers Construction J.C. White JP Morgan Chase
LRP Publications Minto Communities, LLC NCCI NextGen Mgmt dba DxWeb Management, LLC Nova Southeastern University
Palm Beach Aggregates, LLC Palm Beach Park of Commerce PNC Bank Pratt & Whitney (A United Technologies Company) Raymond James Financial Services/Boynton Financial Group, Inc.
RSM South Florida Business & Wealth Magazine South Florida Business Journal TD Bank Tortoise Properties
Wells Fargo & Company Wexford Capital