Growth: Southeast News

Growth Southeast News curated each weekday for AL, FL, GA, KY, MS, NC, SC and TN about expansions and new construction projects…

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September 30,  2021

 

LOUISVILLE, Ky. —

Florida Gov. Ron DeSantis, together with Space Florida, the economic development agency, announced this morning that a Florida company would be developing the “world’s largest and most advanced space vehicle manufacturing facility” on the state’s Space Coast. Turns out that company developing the facility is Boca Raton-based Terran Orbital, a leader in end-to-end satellite solutions, and it’s backed by a Miami-based VC firm.

The $300 million investment will create about 2,100 jobs averaging $84K a year by the end of 2025.

“Satellite manufacturing is and will continue to be an important part of the economy in the Space Coast, and with this announcement we are upping the ante. In Florida we are going to continue to take the lead on space by investing in infrastructure, training highly skilled workers and maintaining an economic climate that allows companies like Terran Orbital to thrive,” the governor said in a statement.


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