Space Florida Seeking to Bring Solid Fuel Manufacturer to State

Space FloridaSpace Florida is pursuing an agreement under which a manufacturer of small solid rocket motor propellant would set up a U.S. operations at the Titusville-Cocoa Airport (TICO).

The initiative, code named Project Swanson, would bring approximately 80 jobs with an average wage of $83,000 to the state, according to the agenda for the Space Florida Board of Directors meeting on Sept. 28.

“The company is seeking third party financing for the construction of facilities and purchase of equipment,” the agenda states. “Total capital investment is estimated not to exceed $4,000,000.”

Space Florida is seeking approval from the board to negotiate long-termagreements with the company to secure land at TICO, construct and lease facilities, and acquire and lease equipment.

Space Florida is also requesting approval to secure bank financing on behalf of the unnamed company. The board will approved specific terms of the agreements at a future meeting.