Triumph Gulf Coast Funds

Download our Triumph Gulf Coast One-Sheet

Over the next decade-plus, $1.5 billion will be directed to Northwest Florida for economic development enhancements. These funds, from a settlement related to the Deepwater Horizon oil spill, represent an unprecedented opportunity for Northwest Florida.

Triumph Gulf Coast, Inc., a 7-member board of private sector business leaders appointed by state leadership, is in the process of distributing the first $380 million. The eligible uses of this transformative funding stream include grants for workforce development and public infrastructure projects in the 8 coastal counties - Bay, Escambia, Franklin, Gulf, Okaloosa, Santa Rosa, Walton, and Wakulla. These funds could be used to:

  • Develop industry-driven workforce training programs
  • Improve STEM-focused educational programs
  • Expand transportation infrastructure serving business corridors
  • Provide infrastructure support for commercial/industrial parks and shovel-ready sites
  • Support up to 100% abatement of all property taxes (including school taxes) for up to 10 years

KEY TRIUMPH AWARDS

INFRASTRUCTURE

  • City of Pensacola ($66M) Airport Expansion - 775,000 SF commercial MRO campus including 3 new hangars, specialty shops, warehousing, training center, and admin offices to help support the ST Engineering project and 1,325 jobs.
  • Panama City Industrial Complex ($20M) - Infrastructure improvements - platens, dredging, bulkhead installation, launchways, equipment, warehouse to support Eastern Shipbuilding and its Coast Guard Cutter contract. 900 jobs)
  • Port of Panama City Expansion ($10M) - New warehouse space, channel deepening, and additional improvements.
  • Okaloosa County ($1.5M) Water/Sewer - Shoal River Ranch Giga Industrial Site: 10,500 acres of which 2,043 acres are ready
  • Santa Rosa County ($8.5M) - Site development at Whiting Aviation Park for a Helicopter MRO project

WORKFORCE 

Career & Technical Education programs at educational institutions throughout the region in Automotive, HVAC, Welding, Drone Aviation, Truck Driving and Computer Programming.

More information about Triumph Gulf Coast is available at myfloridatriumph.com.

Infrastructure Map

 

Counties Eligible for Triumph Gulf Coast Investment

CONTACT US

Florida’s Great Northwest is here to provide you the practical, on-the-ground resources and support you need for your business location/expansion project. From incentives to site selection to workforce development, we’ve got the expertise and connections to help your business be even more competitive with a Northwest Florida location.

Kim Wilmes - President & CEO
KIM WILMES

President & CEO

850-729-6847
kwilmes@fgnw.org

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