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Granite Telecommunications has moved its West Palm Beach office to a larger location, where it plans to add 50 jobs.
The Business Development Board of Palm Beach County helped the Quincy, Massachusetts-based firm land $250,000 in public incentives for the deal. The company was known as “Project Chop” in the incentives application approved by the county and city in July.
“Granite has seen tremendous growth and record sales across the country, with Florida being a top market for growth,” Granite Telecom COO Rand Currier said. "In West Palm Beach, that growth prompted us to increase the number of our sales and technical support personnel there. We are proud of the work that our Florida-based teammates have contributed to the company already, and are banking on an even larger role for them in the future as we expand in Florida.”
Founded in 2012, Granite has more than $1.16 billion in revenue and 1,600 employees across the country. It offers voice, date and other communications products.
Granite Telecom leased 15,800 square feet at 400 S. Australian Ave., where it will invest $600,000 in capital for its expansion. The company pledged to maintain its 66 employees and create another 50 jobs with average wages of $50,675.
If Granite Telecom meets those goals, it would receive $250,000 from the Qualified Target Industries (QTI) program over five years, with $200,000 from the state and $25,000 each from the county and city.
“Granite is a great example of a technology company that is thriving in Palm Beach County and its decision to expand here confirms the strength and quality of our workforce,” BDB President and CEO Kelly Smallridge said.
County staff said the five-year economic impact of its expansion would be $257.2 million.
South Florida Business Journal