Vutec Corporation, a leading international manufacturer of video projection screens and lighting industry products, has relocated it headquarters to Coral Springs. Vutec brings a 32-year record of growth and industry accomplishments to the city.
Vutec, currently in Pompano Beach, will occupy a 102,195-square-foot facility in the Coral Springs Corporate Park at 11711 W. Sample Road. The new facility will house the company’s offices and its vertically integrated manufacturing operations. Vutec’s complete line of state-of-the-art, award-winning video projection screens and accessories will be manufactured there.
“We are pleased to welcome a global technology leader to Coral Springs and continue the planned expansion of the Corporate Park,” Ralph Merritt, chairman of the Coral Springs Economic Development Foundation, and Mayor Scott Brook said in a joint statement.
To help facilitate the company’s relocation, the City Commission approved the issuance of Industrial Development Revenue Bonds in the amount of $4.2 million to help finance the cost of this project. IDB’s provide a source of long-term, below-market-rate financing of capital requirements for new or expanding manufacturing facilities. The bonds will not constitute a debt or financial obligation on the part of the city.