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West Palm Beach, FL - The Business Development Board of Palm Beach County (BDB), in cooperation with CareerSource Florida and CareerSource Palm Beach County, is pleased to announce the expansion of Parametric Solutions, Inc. The company, which designs gas turbines used in jets and industrial gas turbines for energy generation, plans to add 200 employees to an existing workforce of 255 at its office and manufacturing facility in Jupiter. In addition, the company will make a capital investment of $1,000,000.
The BDB assisted the company to secure a Quick Response Training grant of $300,000 through its partnerships with CareerSource Florida and CareerSource Palm Beach County.
"Parametric's decision to expand confirms that Palm Beach County and the state of Florida offer an attractive environment for aviation, aerospace and engineering companies," said Kelly Smallridge, President and CEO of the Business Development Board of Palm Beach County. "The company's growth has been remarkable and is indicative of the headway we're seeing in this cluster."
"In collaboration with the Business Development Board of Palm Beach County, CareerSource Palm Beach County and other partners, CareerSource Florida is pleased to assist Parametric Solutions, Inc., with a Quick Response Training grant," said CareerSource Florida President and CEO Michelle Dennard. "Our focus continues to be on growing and strengthening the workforce needed to fill key positions in targeted industries including aviation and the energy sector."
Carrie Pasquale, Interim Director of Continuing Education at Palm Beach State College said, "Palm Beach State College's Corporate and Continuing Education department is thrilled to be a part of this Workforce initiative. Each day we strive to meet the needs of our students and our business community, and this is a perfect example of the culmination of hard work and great partnerships. The fact that we can partner with organizations such as CareerSource and Parametric Solutions Inc. to facilitate this training is proof positive that we are fostering winning partnerships each day."
"Parametric Solutions is one of the most promising aviation, aerospace & engineering firms in Palm Beach County. We are glad to see them leveraging CareerSource Florida training funds to help their staff grow and expand. They possess world-class engineers in the design, analysis and drafting of aviation products and employ some of the top product development specialists in Florida. We are eager to help them with their assessment and employment needs", said Steve Craig, President & CEO of CareerSource Palm Beach County.
About Parametric Solutions Inc.: Parametric Solutions Inc. (PSi) is an engineering services company that performs mechanical design and analysis work for a wide variety of clients, from inventors all the way up to the largest corporations in the world. The industries supported include aerospace, consumer products, medical equipment, green energy, and transportation. Since 1993, PSi has tackled projects throughout the full product development cycle, from initial concept to manufacturing. PSi's success with such a diverse client and industry base can be attributed to the state-of-the-art design and engineering skills PSi developed in its main field of specialization: the power generation and industrial/aviation gas turbine industry.
About the BDB: 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 13,000 direct jobs with average salaries greater than $68,000, resulting in more than $627 million in capital investment to Palm Beach County and an economic impact that exceeds $6.95 billion. Additional information can be found at the BDB's website, BDB.org.