Submitted By: Roberto Ellis
presenter
Presentation By: Aubrey Hale
end
Department: Growth Management
STAFF RECOMMENDATION (Motion Ready):
title
Approve an Economic Investment Program agreement with WINCO MFG, LLC, at 5516 SW First Lane in an amount not to exceed $60,000
end
OCALA'S RELEVANT STRATEGIC GOALS:
Economic Hub.
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
WINCO MFG., LLC (WINCO) has applied for incentives through the Economic Investment Program (EIP). The company has started the expansion of their facilities to meet increasing customer demand. WINCO designs and manufactures a wide range of clinical recliners, patient chairs, treatment tables, privacy screens, phlebotomy chairs, and stretcher-chairs. The company makes its own subcomponents and assembles the final product. The company sees central Florida and Ocala as a distribution hub which complements the company's objective of being the market leading manufacturer and provider of medical seating. The company has been enhancing the patient and caregiver experience for over 75 years, meeting customer needs locally, regionally, and internationally.
FINDINGS AND CONCLUSIONS:
The City has provided financial assistance to this company in the past. In 2004, WINCO was the recipient of a grant through the Economic Improvement Fund (EIF). That grant provided up to $20,000.00 as a partial reimbursement for improvements made to their facility and for providing jobs. At the time, WINCO provided five new jobs. The company has experienced steady growth over the years and was recently acquired by Champion Manufacturing, Inc. There are currently 153 employees working at the company.
The company is located within the city limits at 5516 SW First Lane. The existing facility sits on approximately 4.7 acres (Parcel #2318-006-008). The expansion will be built on the southern parcel which is approximately 2.8 acres in size. (Parcel #2318-006-007). WINCO will invest $4,900,000.00 in building the exp...
Click here for full text