February 25, 2024
Space Florida: Driving Florida's Aerospace Future

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Space Florida: Driving Florida's Aerospace Future

| 10/1/2019

Space Florida: Driving Florida's Aerospace Future

Florida is well-positioned to dominate the future of the aerospace industry and lead the world in enabling space commerce and innovation.

There is a growing recognition within the global aerospace industry that Florida has the kind of business operating and living environment that next-generation aerospace companies need to thrive.

Space Florida is endowed with statutory powers that enable a unique financing toolkit to support new and expanding aerospace companies.

Florida is well on its way to becoming the world’s premier space transportation hub. Space Florida’s focus for the next decade is to build the capacity of all Florida Spaceports, including the Cape Canaveral Spaceport, with new infrastructure, and to empower a new commercial future, one that serves space exploration, national security and space commerce. Florida’s Spaceport System is poised to lead the world in this next space era.

Florida’s Spaceport System is poised to lead the world in this next space era, one that reflects the transition from a government-led and focused industry to a thriving commercial market.

Florida’s Aerospace Industry

  • Number of Companies
    16,0 19
    8.3% Growth 2013-2018
  • Number of Employees
    151,4 60
    3.5% Growth 2013-2018
  • Sales / Revenues
    $19,187 million
    2.0% Growth 2013-2018

Space Florida’s Significant Assisted Projects 2013 – 2018

  • Capital Accelerator
    Space Florida partners with the Florida Venture Forum in hosting two to three Capital Accelerator events annually. At these Accelerators, early stage aerospace & innovative companies connect with Entrepreneurs and Capital Sources to foster a thriving Innovation Economy!

    Boca Raton • Gainesville • Melbourne • Miami
    Naples • Orlando • Pensacola • Sarasota • Tampa
  • Space Florida Financing Toolkit
    Space Florida is authorized by Florida law to offer a conduit debt financing structure, which enables aerospace companies to defer and defray costs associated with expanding or relocating to Florida.

    Bowling Green • Jacksonville • Kennedy Space Center
    Melbourne • Panama City • Rockledge • Tampa
  • Florida – Israel Innovation Partnership
    Now in its seventh year, Space Florida and the Israel Innovation in competitive grants to support joint aerospace commercialization projects by teams of for-profit Florida and Israeli companies.

    Daytona Beach • Jacksonville • Kennedy Space Center
    Melbourne • Merritt Island • Tallahassee
  • Spaceport Infrastructure Funding
    In partnership with the Florida Department of Transportation, Space Florida provides reimbursable grants to support development and refurbishment of critical infrastructure in the State’s FAA licensed spaceports.

    Cape Canaveral Air Force Station Cecil Spaceport
    Exploration Park • Kennedy Space Center

Space Florida, the State’s aerospace and spaceport development authority, created to strengthen Florida’s position as the global leader in aerospace research, investment, exploration and commerce. www.spaceflorida.gov

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