Coming right after the major announcement of The Mosaic Company moving it's corporate headquarters from Minnesota to Hillsborough County, the Tampa Hillsborough EDC has scored another victory. Resistacap Energy, who already has operations in Tampa Bay, has announced it is moving its corporate headquarters from Huntsville, Alabama to the Tampa Bay area.
It has been a major goal of Tampa Bay business community and local governments to continue to land corporate headquarters. Resistacap Energy will have an economic impact by spending $500,000 to expand their current facility in Westchase from 5,000 sq feet to 15,000 square feet. In addition to locating their headquarters and business operations in Tampa, the company will significantly expand it's Tampa manufacturing operations in the region. Resistacap Energy expects to hire 100 people for their manufacturing and business operations.
Resistacap Energy specializes in proving batteries and battery pack applications to the medical, safety, military and aerospace industries, which makes them a perfect fit for the Tampa Bay area and Florida. It coincides with USF Health's expansion into Water Street and an expected increase in medical research, not to mention the work that Moffitt Cancer Center does requiring medical devices. While most know the impact MacDill Air Force Base has on the community, Tampa Bay is also home to a large number of defense contractors, particularly in Pinellas County.
In an interesting trend, many of the companies who are moving their headquarters to Tampa Bay already have significant business operations here and want to expand. This speaks well of the area and the business climate of Tampa Bay.
The leadership of Hillsborough County and the City of Tampa Government, along with the investor partners at the Tampa-Hillsborough Economic Development Corporation, have focused for over a decade on expanding the area's work in biomedical sciences and medical research. The last five years have been focused on securing corporate headquarters. In this case, all those areas converged together because the industries Resistacap Energy focuses on have such a strong presence in the Tampa Bay area.
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