October 13, 2014
National electrical contractor, Power Design Inc., is planning a 36,000-square-foot expansion of its St. Petersburg headquarters while adding 450 new jobs to its workforce over the next two years. Power Design’s headquarters staff of 270 will increase to more than 350 by the end of 2015.
Having recently purchased the building adjacent to its 70,000-square-foot facility, Power Design is currently planning a$5 million renovation to take place over the next year. The renovation includes moving and growing their training and evaluating center, adding assembly space, creating a 4,000-square-foot employee fitness center and building out several offices.
The expansion announcement comes just days after finalizing Power Design’s $15 million transaction with a large energy technology company that included one existing project and potential future work with two of Power Design’s data center clients.
“This is a very exciting time for all of us.” said Mitch Permuy, Power Design CEO. “We are very focused on our long term strategic growth. Next, we are going west!”
With plans to expand to the west coast of the United States, Power Design is one of the largest electrical contractors in the country. The company has established itself as an industry leader within the multifamily and mission critical markets and will continue to pursue those opportunities across the U.S.
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