Florida Gov. Rick Scott and Charles Industries Ltd. CEO Joseph Charles announced that Charles Composites LLC is establishing its manufacturing operations in Okeechobee County.
The $3.85 million capital investment will bring 28 new jobs to the region. Charles Industries’ marine and industrial group produces marine power items that include transformers, surge suppressors and battery isolators.
“It is great news that we can celebrate 28 new jobs in the Okeechobee community,” Scott said in a statement. “Florida’s unemployment rate is well below the national average at 7.1 percent and we continue to create private-sector jobs that are helping Florida families succeed. I am pleased Charles Industries has continued to invest in Florida and that is why I made it a priority to eliminate barriers on manufacturers this year — so employers like this could expand and invest in our state. This is a win for Florida families.”
Charles Composites, a supply partner of Charles Industries, an Illinois-based manufacturing and technology company, will manufacture and distribute underground enclosures to large utility providers, telecommunication companies, wireless companies and cable TV companies.
Charles Composites purchased a 40,000-square-foot facility on five acres suited for the development and manufacturing of advance composite enclosures.