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 responsible for distributing the funds for economic development projects located in the 8 disproportionately affected counties. The Triumph Board received the first payment of $300 million in 2016. From 2019 to 2033, Triumph will receive $80 million each year. The funds
could be used to:

  • Provide the equivalent of up to 100% abatement of property taxes, including school taxes, for up to 10 years
  • Support infrastructure needs, such as buildings, roadways, rail spurs, utilities and more, for competitive projects
  • Develop industry-driven workforce training programs to drive business growth



  • 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


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

Infrastructure Map


Counties Eligible for Triumph Gulf Coast Investment


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.

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