Teledyne Oil and Gas opens new tech center in Daytona Beach



DAYTONA BEACH, Fla. - Gov. Rick Scott traveled to Daytona Beach Tuesday morning to announce the creation of new jobs.

On Tuesday, Teledyne Oil and Gas opened its new technology development center in Daytona Beach.

Scott applauded the CEO of Teledyne for creating 100 new jobs as the company hosted a grand opening of its new technology development center.

"That means 100 more families can live their version of the American dream. Whatever their dreams are, there's a greater chance they can live their dream because they have a job today," said Scott. 

The new center will develop technology that helps make deep water oil drilling possible.

Teledyne specialized in developing connections that are used to power electronics and subsea equipment sometimes about a mile below the sea.

"Think of an electrical jumper cord and being able to install that underwater at 3,000 meters," said President & CEO of Teledyne Mike Read.

Scott also used the event to illustrate how lowering taxes for businesses like Teledyne is helping Florida's economy grow.

Teledyne received $1.6 million in tax incentives for the new jobs.

Eyewitness News asked the governor if Florida will play a larger role in the oil and gas industry and his position on drilling off the coast, but he only gave a vague answer.

"Oil and gas exploration is going to happen around the world, and we're going to be a part of it," said Scott.

Teledyne has created more than 200 jobs in the past seven years and company leaders said they plan to add more as the industry grows.