Tallahassee, FL, December 14, 2015 --(PR.com
)-- Robert Sires, owner, founder, and CEO of Bay State Cable Ties, America's leading manufacturer of nylon cable ties, located in Crestview, Florida, supports FL Governor Scott’s proposal to permanently eliminate the sales tax on manufacturing equipment.
“Bay State Cable Ties located in Crestview, Florida, in 2004. We chose Florida as our corporate office and manufacturing site because of the milder weather and the tax structure. From 2005 through 2014, Bay State Cable Ties invested over 27 million dollars for payroll, tangible, real estate and sales taxes," said Bay State Cable Ties CEO and Founder Robert Sires. “The bill that eliminates the sales tax on machinery has been a huge benefit to our company and has allowed us to grow from a 1.6 million dollar payroll in 2005 to approximately 5.5 million in 2015. During the time of this tax relief, Bay State has added over 35 new employees and purchased $3,469,989.59 in machinery and equipment that qualified for the tax relief, for a total tax savings of $208,199.38.
“Bay State Cable Ties has a very aggressive growth plan for the next 3-5 years and will invest another 16 million dollars in machinery and equipment. This plan will double the number of machines we currently own and it is estimated that we will hire well in excess of 40 new people over the next 3 years. The long term or total elimination of the sales tax on machinery and equipment is a key component of our optimism for the future.
“Bay State Cable Ties endorses and fully supports Florida Governor Rick Scott in his efforts to permanently end the sales tax on machinery and equipment. We firmly believe that this will allow for new opportunities and better paying jobs in the Okaloosa County area. We believe that the benefit from those new jobs created will add to the revenue of the County and the State of Florida, allowing for our company and other manufacturing companies to continue our growth and expansion plans with confidence. Jobs growth relate to a healthy economy which we all benefit from.”
Bay State Cable Ties is America’s leading manufacturer of nylon cable ties. Located in Crestview, Florida, our state-of-the-art facility operates 24/7/365 and boasts the most advanced production processes in the U.S. We offer an extensive line of cable ties in a variety of lengths, tensile strengths, and colors, plus accessories such as mounting pads and cable clamps. Bay State Cable Ties’ specialty products include EZ- Off™ ties, releasable ties, custom-printed ties, and HVAC duct straps. All cable ties use virgin nylon 6/6 to guarantee superior quality and are UL Listed and Mil-Spec approved. We maintain a full inventory of all cable ties for Just-in-Time delivery to our national distributor network. Bay State Cable Ties is committed to continuous improvement in quality and service in all areas. We focus on customer success as well as satisfaction, and all Bay State Cable Ties products are backed by a 100% satisfaction guarantee. For more information, call 1-888-463-3454, visit www.BayStateCableTies.com, or find us on Facebook.