Tampa Tank expanding, adding 108 jobs
January 27, 2015
Chris Wilkerson | Tampa Bay Business Journal
Tampa Tank and Florida Structural Steel is expanding in Hillsborough County and adding more than 100 jobs, the company announced on Tuesday.
The company will invest $18.25 million in a retrofit of a manufacturing facility at Port Redwing near Gibsonton where about 84 of the new jobs will be located. The jobs pay about 150 percent of the state average, according to a release from Port Tampa Bay.
The move was a win for economic development officials who often have to fight just as hard to retain companies as they do to recruit new ones. Tampa Tank apparently was considering an expansion in the Bahamas.
Tampa Tank was given incentives totaling $2,080,795. The deal was made with the Tampa Hillsborough Economic Development Corp., the City of Tampa and Hillsborough County. The EDC referred to the deal as “a competitive package of state and local incentives” in a release.
“We faced some tough competition from other locations and worked very hard to help secure this deal for Tampa and Hillsborough County,” Ronald Vaughn, chair of the Tampa Hillsborough EDC and president of the University of Tampa, said in the release. “Tampa Tank’s expansion proves that we have what it takes as a region to work collaboratively to transform Port Redwing into a powerful economic engine and ensure that the company can grow its investments and jobs here.”
The company manufactures tanks and pipelines.
The move is seen as an important step in the revitalization of Port Redwing.