en.Wedoany.com Reported - The City of Pensacola has received a second approval from the Triumph Gulf Coast Board to finalize a $76 million grant, which will be used to establish Birdon America's Southeast headquarters and a secondary advanced ship manufacturing facility in the city.

Triumph Gulf Coast is a nonprofit corporation responsible for managing the economic damages the state received following the 2010 Deepwater Horizon oil spill. On June 22, the board approved the grant term sheet. This grant will transform the Port of Pensacola and support the creation of 2,000 jobs, considered the largest job creation project in the city's history.

The term sheet outlines the components of the grant agreement. Once fully approved, the investment will help the City of Pensacola build a 400,000-square-foot shipbuilding facility at the port. The project aims to strengthen the local economy while supporting the military through shipbuilding and the production of critical modules for vessels and submarines. This project will also be one of the largest grants approved by Triumph Gulf Coast.

Tony Ardito, President of Birdon America, stated that the company is grateful to the City of Pensacola, Mayor D.C. Reeves, Triumph Gulf Coast, the State of Florida, and the many partners who have collaborated to advance this transformative opportunity.

According to the project plan, of the 2,000 jobs created, 1,437 positions will have an average annual salary of $68,000, while the remaining 563 positions will have an average annual salary of $112,000.

The third and final step of the project is the approval of the grant agreement. The total project cost is $275 million, with additional funding expected from the State of Florida, facility operators, and future grants. Once the facility is built, the City of Pensacola will retain ownership of the facility as public infrastructure and will enter into a long-term land lease agreement with Birdon America for its use.

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