Funding For 'Project Magellan' Sails Through
Source: Space Coast Daily
Lawmakers took less than five minutes yesterday to approve $20.8 million in incentives for Project Magellan, an unspecified economic development project designated for Melbourne International Airport.
The project, which will be located at Melbourne International Airport, is the largest economic development initiatives that has been approved during Florida Rick Scotts tenure as governor.
The Joint Legislative Budget Commission, a panel of House and Senate lawmakers that oversees amendments to the current years spending plan, unanimously approved the proposal to dip into the states quick action closing fund to bankroll the initiative.
According to Space Florida, the unknown company has said they will invest $500 million in real estate, equipment and furnishings between now and 2020. The company would also create 250 jobs by the end of this year, with some as high as $100,000.
Read more: http://spacecoastdaily.com/2014/03/funding-for-project-magellan-sails-through/
bananas
(27,509 posts)Mystery project may get millions from Florida
Mar. 25, 2014
A special Florida legislative commission this evening will be asked to approve $20.8 million in state economic incentives for Project Magellan, an aviation company that plans to bring 1,800 jobs to Melbourne International Airport paying an average of $100,000 a year.
The identity of the company has not been disclosed at the companys request.
The Joint Legislative Budget Commission is scheduled to vote this evening on the request by Gov. Rick Scott and the states Department of Economic Opportunity.
Scott, a Republican, is making job creation a major issue of his 2014 re-election campaign. He will face the winner of a Democratic primary involving former Gov. Charlie Crist and Nan Rich, who previously served in both houses of the Florida Legislature.
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CFLDem
(2,083 posts)About time we get some good economic news around here!
Berlum
(7,044 posts)Throwing American taxpayer money bucks at a mYsterY prOjecT?
How OCCULT is that Republicon shit?
Republicons routinely and systematically crap all over the public's right to know WTF they are doing with our money.
skydive forever
(443 posts)and any job help is good news. Thousands of us, myself included, got laid off after the Space Shuttle program came to an end. I still know many people that are out of work still 2 and a half years later. Very welcome news.