Broward County, Fla. – SR Technologies, Inc. a division of SRT Group, announced today that it has selected Sunrise for its new headquarters. SRT will create 40 jobs and retain 161 positions. The company will also invest approximately $1 million in the local community.
Rick Lund, Chairman and Founder of SRT said, “Our company has been experiencing strong growth and it was imperative for us to secure a centralized headquarters location. We chose Sunrise due to the support the area has for our company’s needs and the new development happening in this community. We are pleased and excited to call Sawgrass Technology Park home for SRT. The location provides us with the room we needed to grow our company, and we are happy that we continue to be a part of the South Florida business community as we enter our twenty-first year in business.”
SR Technologies cited the accessibility of software engineering talent as a key driver for choosing Sunrise. The company specializes in design, engineering, and research and development for wireless communications. Other locations in consideration were Virginia, the District of Columbia and Maryland. SRT Group will occupy a 77,116-square-foot office space at Sawgrass Technology Park, expanding its footprint by 40,000 square feet in the new location.
Peter Antonacci, CEO of Enterprise Florida, Inc., said, “Enterprise Florida is proud that SR Technologies has chosen Florida to expand and grow their business. This announcement is great news for Broward County families.”
A true economic super-state, Florida is a $1 trillion economy and the 17th largest economy in the world, if considered a country. Companies across all industries can benefit from its huge market, and large and diverse workforce. In addition, its low corporate tax burden, no personal income tax, and modern infrastructure provide the ideal business location.
This project was made possible through strong partnerships between Enterprise Florida, the Florida Department of Economic Opportunity, Broward County, the City of Sunrise and the Greater Fort Lauderdale Alliance.
Mayor Mike Ryan of the City of Sunrise said "Sunrise has become the location of choice of technology companies and global headquarters for the corporate world. We look forward to celebrating the success of SR Technologies in Sunrise."
Bob Swindell, President and CEO of the Greater Fort Lauderdale Alliance said, “SR Technologies choice to add new, high-value tech jobs in Sunrise reaffirms the strength of our community as a talent hub for technology and other high-value industries.”
SRT Group will occupy a 77,116-square-foot office space at Sawgrass Technology Park, expanding its footprint by 40,000 square feet in its new location. Jeff Holding of Cushman and Wakefield, who, along with his partners AJ Belt and Christina Stine, represented SRT in the transaction. “SRT is a rapidly expanding organization, and we’re glad the company chose to grow its headquarters in Broward County. With the capable assistance of both the Greater Fort Lauderdale Alliance and the State of Florida, we were able to assist in procuring a wonderful new home at Sawgrass Technology Park – a location that can meet both the current and future needs of SRT within a freestanding office building,” said Holding.
Enterprise Florida, Inc. (EFI) is a partnership between Florida’s businesses and government leaders and is the principal economic development organization for Florida. EFI facilitates job growth through recruitment and retention, international trade and exporting, promotion of sporting events, and capital funding programs to assist small and minority businesses. EFI launched “Florida | The Future is Here” to promote the state as the nation’s premier business destination.
The Greater Fort Lauderdale Alliance is Broward County’s official public/private partnership for economic development. Its mission is to lead Broward County in building a stronger and more diverse economy by stimulating the creation of new jobs and capital investment while facilitating the growth and retention of businesses in Broward County. Services offered by the Alliance include assistance with business relocation or expansion and site selection; incentive programs and information; market research; and serving as a liaison for workforce development between CareerSource Broward, educational institutions and the business community.