New manufacturing company expected to bring more than 200 jobs to Bay County

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BAY COUNTY, Fla. (WMBB) – Arkansas-based Central Moloney Incorporated opened its sixth location at Venture Crossings Business Park on Wednesday morning.

The local business community welcomed the company with an inauguration ceremony.

The company develops and manufactures electrical distribution transformers and transformer components.

Single-phase tower transformers are manufactured in this plant.

“This will be a showcase for us,” said Chris Hart, President and CEO of Central Moloney Inc. “We will have the opportunity to bring our customers here, to show them the state-of-the-art facility that is specifically designed for tower transformer construction and enjoy the area while they’re here.”

The company signed a five-year lease with the St. Joe Company for the 140,000 square foot former GKN building.

Hart expects to employ 200 to 250 people at an average wage of more than $50,000 over the next year.

“The 200 jobs are just direct jobs; People who will wear the Central Moloney logo on their shirt,” said Becca Hardin, president of the Bay County Economic Development Alliance. “If you look at the economic impact of bringing a manufacturing company like this into your community, there is an average sideline of at least four indirect jobs for every direct job. So you can see the wealth spreading through the indirect job creation throughout the community.”

Hardin said the EDA is working with CareerSource Gulf Coast to fill these positions.

Recruitment will begin this summer.

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