GKN Aerospace intends to lease a new manufacturing facility, which will be will be developed and owned by The St. Joe Company in Venture Crossings Enterprise Centre in Bay County, Florida. GKN will make a capital investment of $50 million, with plans to create 170 jobs.
According to Bay County officials, with commercial and industrial land for sale, lease or development, Venture Crossings Enterprise Centre offers a strategic location for those seeking to launch, expand or consolidate a business. High tech manufacturers, such as GKN Aerospace and Harris Corporation, have been drawn to Venture Crossings due in part to its potential for 24/7 operations and for transportation options via air, land or sea.
The project was made possible through the combined efforts of the University of West Florida, Bay County Economic Development Alliance, the Florida Department of Economic Opportunity, Bay County Board of County Commissioners, CareerSource Florida, CareerSource Gulf Coast, Gulf Coast State College and Enterprise Florida.
“We are pleased that a company of the stature of GKN Aerospace will be bringing high quality aerospace manufacturing jobs to Bay County,” said Jorge Gonzalez, president and CEO, The St. Joe Company. “Manufacturing has a high economic multiplier effect, so we remain committed to working with the Bay County EDA and other partners to continue to attract quality job creators.”
Mike Grunza, CEO of GKN Aerospace’s Aerostructures North America business said, “This investment emphasizes our commitment to manufacturing in North America, as this new world class facility will create jobs and strengthen our competitive position in the United States aerospace market for the future. The excellent support we have received from Bay County EDA, Governor Rick Scott’s office, higher educational partners and The St. Joe Company made Florida an ideal location for GKN.”
This article, republished with permission of Halcyon Business Publications, Inc., is an edited version of an article that originally appeared on February 15, 2017, in Area Development Online: http://www.areadevelopment.com/newsItems/2-15-2017/gkn-aerospace-manufacturing-facility-bay-county-florida.shtml