Aviation Manufacturer Edge Aerodynamix Plans $77.92 Million Investment In Bay County, Florida
The company, which has developed a product that will generate significant fuel savings for all types of aircraft, plans to continue research and development on additional products aimed at reducing drag and increasing fuel efficiency. The company has chosen to locate the manufacturing of these products, in addition to its R&D and marketing operations, in Bay County after a competitive site search that included domestic and international sites, Governor Rick Scott’s Office said.
“Edge Aerodynamix is very excited about locating in Bay County, Florida. This area gives our company plenty of room for future growth, an aviation-centric workforce and offers a business friendly environment for our operations,” said Zana Ireland, President of Edge Aerodynamix, Inc. “We are thankful that local leaders have placed their trust in us and have partnered with us to make this dream a reality.”
As the project expands from phase-one, it will bring a significant capital investment and construction of multiple new facilities near the airport, the Governor’s office said. ECP was strategically planned to act as a tremendous driver for economic development, with aerospace sites offering runway access, as well as surrounding acres for development to accommodate companies such as Edge Aerodynamix, Inc.
President/CEO of Enterprise Florida, Gray Swoope said, “Northwest Florida has grown to be one of the top regions for aviation and aerospace companies to expand and establish operations. Edge Aerodynamix’s operations in Panama City will add value to Florida’s extensive aviation and aerospace and manufacturing sectors. I’m excited for Edge Aerodynamix’s establishment in Florida and look forward to seeing the company’s growth in the Sunshine State.”
This project was made possible through strong partnerships between Enterprise Florida, the Florida Department of Economic Opportunity, the Bay County Board of County Commissioners, Bay EDA and Northwest Florida Beaches International Airport.
“The 120 new jobs that will be created over the next three years by Edge Aerodynamix is great news for Panama City families,” said Jesse Panuccio, Executive Director of the Florida Department of Economic Opportunity. “Through pro-growth policies and initiatives, this administration is focused on recruiting industry sectors—such as aerospace and aviation—that bring high-skill, high-wage jobs to our economy.”
“We are proud that the airport was able to help provide a competitive advantage that gave Panama City the edge over other communities under consideration,” said Till Bruett, Chairman of the Board of Northwest Florida Beaches International Airport. “Attracting innovative companies to locate at the airport, not only helps create jobs, but also helps the airport grow. Growth at the airport means additional business opportunities and in turn improving the airport’s ability to encourage more air service to our market.”
“We are excited that Edge Aerodynamix Inc. has chosen Bay County as its home for the R&D, marketing and manufacturing of their innovative product. The 120 new, high wage jobs that they will create will have a profound impact on our local economy, and we hope that this company will be the catalyst for economic development at ECP,” said John Ed McDanal, Chairman of the Bay EDA and District Manager for Gulf Power Company.
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