California company expanding to Norman Industrial Park

After an extensive search Kaixin Wood Products, Inc. (Kaixin) has selected Jacksonville as the location for their U.S. headquarters. Company CEO and President, Mr. Kaysen Zhou said, “assistance from the Jacksonville Economic Development Corporation (JEDCO) was a determining factor in this decision.”

Mr. Aaron Liu, an executive with Kaixin, said “our team considered many complex factors [to select Jacksonville] as the home for this new operation, which will serve the distribution needs for over half of the United States.” “My first meeting with Mr. Zhou and Mr. Liu took place in May in the Dallas area. From our initial handshake, through our evening of discussion, the integrity and vision of these two men was apparent and impressive, and I am extremely pleased their company is investing in our community”, said JEDCO President James Hubbard.

The company purchased an existing 50,000+ SF building in Norman Industrial Park and is relocating a significant portion of their Los Angeles, California operation to East Texas. Kaixin manufactures kitchen and bathroom cabinets in Anhui Provence, China and will utilize Jacksonville as a central warehouse and distribution point. Their products, sold in the U.S. under the business name Muses Cabinets, strike a balance of quality and affordability. This combination has led to over 40 retailers in Texas seeking to become authorized dealers.

Kaixin expects year-one operations in Jacksonville to require approximately 6 employees and anticipates employment growing to around 25 employees within the first five years. The company has indicated a desire to bring a portion of their China-based manufacturing operation to Jacksonville, which would result in the need for 100,000+ square feet of additional manufacturing space.

JEDCO granted an incentive to Kaixin of up to a $75,000 reimbursement for eligible equipment and start- up expenses. In addition, incentive provisions included up to $100,000 for the creation of primary jobs and up to 5-acres of land in Norman Industrial Park. Incentive assistance is contingent upon the attainment of specified performance measures.

“Working with the team from Kaixin has been a privilege and the JEDCO Board of Directors look forward to the opportunities their success with create”, said JEDCO Chairman of the Board Darrell Dement.

About JEDCO

The Jacksonville Economic Development Corporation (JEDCO) was established in 1995 by the voters of Jacksonville. JEDCO is a Type B corporation governed by State Law and operates on revenue from a 1⁄2 cent sales tax. JEDCO is led by a seven-member board of directors appointed by the Jacksonville City Council.

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