DALLAS – ThermaSol®, the industry leader in steam shower products and technology for more than 55 years and The Round Rock Chamber of Commerce & Economic Development Partnership announced today that both organizations will be honored with the 2014 Community Economic Development Award (CEDA) for the ThermaSol Steam Bath Systems headquarters relocation and business park development project. CEDA, which is awarded by the Texas Economic Development Council (TEDC), recognizes “excellence and exceptional contributions of Texas communities in economic development.” The chamber was included in the 100,001 – 250,000 population category and will receive its award at TEDC’s annual banquet on October 2, 2014 in Houston.
ThermaSol purchased 27 acres of land in the City of Round Rock and is developing it into an upscale business park where its new headquarters will be housed. The company had its ceremonial groundbreaking on one of the six planned buildings in the park, each being 30,000 to 50,000 square feet, on September 29th. The groundbreaking ceremony was attended by Mayor Alan McGraw, Ben White and Kyle Shulz of the Momentum Group, the Economic Development arm of the Round Rock Chamber of Commerce, Steve Norwood, City Manager, and Brad Wiseman, Director of The Planning and Development Department, City of Round Rock, as well as Mitch Altman, CEO and Jari Ristola, President of ThermaSol.
“Of course we were excited about our relocation and development project, but this award is the cherry on top,” ThermaSol CEO Mitch Altman said. “The city and chamber have been great development partners and for us to receive a state award really solidifies their economic development efforts. Round Rock works hard to be business-friendly, and it shows.”
The company’s new world headquarters will open in 2015 with a 37,000-square-foot manufacturing facility covering nearly 3.5 acres. They will employ a minimum of 45 people including factory personnel and the upper management team, but could create as many as 60 new jobs in the community. The project totals more than $3.5 million in capital investment and is being developed by the Altman Development Group.
“We knew this was a great project when we started working with ThermaSol, so we are extremely excited to have it recognized by our peers as well,” said the chamber’s vice president of economic development, Ben White. “The community will really benefit from having such a world-class business like ThermaSol here and having true shovel-ready sites to offer other companies is an amazing bonus. It will really open the door to further development and announcements.”
TEDC, which is now the largest state economic development association in the nation, received applications from 23 member communities in five population categories. The CEDA committee judged nominees on five criteria: innovativeness, transferability, community commitment and leverage, measured objectives, and secondary benefits.