Subsidy Tracker Individual Entry
rocket factory at Space Florida's Exploration Park complex at Kennedy Space Center
The information comes from: Shelly Sigo, "Bezos spaceship factory soars over Florida bond validation hiccup," The Bond Buyer, August 29 2018.
Blue Origin, an aerospace company owned by Jeff Bezos, received state and local subsidies for a rocket manufacturing plant. The Florida Department of Transportation provided $43 million grant for spaceport infrastructure build-out, $10 million via the department's aviation fund, and $2.75 million for road widening. The company also received $1.8 million for workforce development from Brevard County as well as free rent. In addition, Brevard County and North Brevard Development District agreed to provide $8 million. Originally, the county planned to issue a bond to make a one-time cash payment to the company. This, however, was found illegal by a court. Instead, the county will pay the amount in yearly instalment over six years. Overlaps with main Subsidy Tracker data: none.