- November 23, 2024
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Owner says his company can draw other manufacturers to the area
Ameritech Die and Mold South Inc., in the Airport Business Park, helps make products that are found in many Ormond Beach residents’ cars, appliances and other household items. The molds they produce are used by companies to produce a wide variety of plastic parts that are used in products such as air bags in cars, and parts of dishwashers and other appliances.
Business is good, and the City Commission has recently agreed to incentives to help them expand. The officials approved a five-year, performance-based property tax reimbursement for the company.
To qualify for the money, the company is expected to build an 18,000-square-foot facility and purchase equipment for a total cost of $1.7 million. Over a five-year period, the city will reimburse property tax up to $26,000.
The amount of property tax reimbursed will be based on the increased property taxes of the property. The company is also required to maintain manufacturing operations in the new facility for five years.
The company is currently leasing approximately 10,000 square feet of industrial space at 6 East Tower Circle, and recently purchased a three-acre industrial site in the park to construct the new facility beginning this year. In three to five years, they plan to add another 33,000 square feet.
Ameritech employs 11 CNC machine technicians and engineers and it expects to hire approximately four new employees in the next three years. Average wages of the current and future employees are approximately 120% of the Volusia County average wage level of $33,494, according to city documents.
In addition to molds, the company makes parts for the aviation industry. They also have a new division that makes machines that perform several production steps at once, allowing companies to automate their manufacturing process.
Ameritech’s headquarters are located in North Carolina, and the branch at Airport Business Park was opened in 2004.
Steven Rotman, president, said his company may help attract more manufacturers to the area, because they provide molds and other products that support manufacturing. He points out that his company does a lot of business with nearby Florida Production Engineering, which allows both companies to save time and shipping costs.
“It’s a like a megaphone,” he said. “We’re at the small end. The big end is all the manufacturers that provide jobs.”
Joe Mannarino, economic development director for the city, said an economic analysis indicates that over the first five years of the Ameritech project, the net benefits to the city of Ormond Beach from utility taxes, franchise fees, and revenue from the sale of the property will be approximately $85,500.
The property tax incentive reimbursement will allow Ameritech to offset a portion of the initial construction cost and capital cost of purchasing the manufacturing equipment. In addition, the tax reimbursement will be used to offset the Volusia County impact fees and city building fees, according to a statement from Mannarino.
