Subsidy Tracker Individual Entry

Company: 
Blue Origin
Parent Company: 
Blue Origin LLC
Subsidy Source: 
multiple
Location: 
Florida
County: 
Brevard
Project Description: 

rocket factory at Space Florida's Exploration Park complex at Kennedy Space Center

Year: 
2015
Major Industry of Parent: 
aerospace and military contracting
Specific Industry of Parent: 
spaceflight services
Subsidy Value: 
$65,550,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
megadeal
Number of Jobs or Training Slots: 
330
Wage Data: 
$89,000
Wage Data Type: 
average annual wage
Capital Investment: 
$160,000,000
Source of Data: 

The information comes from: Shelly Sigo, "Bezos spaceship factory soars over Florida bond validation hiccup," The Bond Buyer, August 29 2018.

Notes: 

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.

Source Notes: 
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