Innovation Park news

 

Big news! Innovation Park resident, Danfoss Turbocor Compressors, is expanding its local operations by adding a new advanced manufacturing and R&D facility in Tallahassee. A brand new 88,000 square foot facility will be built on 16 acres of land pic.twitter.com/TJkzWOV0Rm

— Innovation Park (@Innovation_Park) December 23, 2020

The project will create more than 200 high wage jobs in manufacturing and R&D over the next several years. The economic impact of this expansion is estimated to be $140.6 million, creating 367 construction-related and 586 permanent jobs. pic.twitter.com/GtEKpILYdK

— Innovation Park (@Innovation_Park) December 23, 2020

Danfoss to expand Tallahassee manufacturing facility, expected to create 239 jobs

Danfoss Turbocor announced plans to expand its Tallahassee manufacturing facility, and it expects the investment to create 239 new manufacturing and research jobs, according to a press release from the Tallahassee Office of Economic Vitality.

The new production facility is expected to break ground at Innovation Park in 2021, the release says. With the multi-million dollar capital investment, the current Danfoss facility will expand an additional 65,000 to 90,000 square feet on 16 acres of land, the OEV says.

Danfoss’ claim to fame is the world’s first oil-free magnetic bearing compressor for the heating, ventilation and air conditioning industry, according to the release.

Danfoss Turbocor Compressors President Ricardo Schneider says he is optimistic about the expansion.

“This area affords us tremendous opportunity to collaborate with world-class researchers in aerodynamics, power electronics, and magnetic technologies — and we have a strong partnership with Florida State University and the National High Magnetic Field Laboratory, which have been instrumental in helping Danfoss engineer world-class technology that addresses critical energy issues around the world,” says Schneider.

The release says an impact analysis from the FSU Center for Economic Forecasting and Analysis indicates the expansion could create upwards of 953 new jobs and generate around $140 million in economic output for the Tallahassee and Leon County area in the long run.