Edge Aerodynamix gliding into Panama City
Gov. Rick Scott announced that Edge Aerodynamix will locate in Bay County. The project will create $77.92 million in capital investment, including land, and 120 manufacturing, research and development, and marketing jobs.
“Edge Aerodynamix’s creation of 120 jobs in Panama City is great news for Florida families,” Scott said. “These jobs will help more Florida families live the American Dream. Since December 2010, we’ve created 651,300 private-sector jobs, and we will continue creating more opportunities so that every Floridian who wants a jobs can get one.”
Edge Aerodynamix, is a pioneer in the aviation industry, and has developed a product that will generate significant fuel savings for all types of aircraft. The company plans to continue research and development (R&D) 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.
“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. 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.
Florida is already home to more than 2,000 aerospace and aviation companies employing more than 82,000 workers across the state. The industry has an annual payroll impact of over $5 billion in the state. Florida has long been known as a premier state for aviation and aerospace and Edge Aerodynamix contributes to that portfolio of excellence. Additionally, Florida’s manufacturing sector ranks among the top 10 nationwide with more than 18,200 companies employing some 317,000 people statewide.
Source: Gov. Rick Scott