The Daily Record of Jacksonville has an interesting story about Cecil Airport, the former military base that has become a thriving commercial airport and future spaceport. The facility is anticipating rapid growth and has the cash to attract new companies.
Cecil Airport currently has 3,000 people working within its boundaries, but Jacksonville Aviation Authority CEO Steve Grossman said he expects that to grow to 8,000-9,000 in the next 10 years.
Within five years, he expects more than 5,000 people will be working among the civil, defense and aviation companies on the Westside property. That includes companies and facilities he expects will be created or relocated.
Grossman said the authority has daily talks with defense and civilian companies interested in bringing business to Cecil….
The anticipated job growth also includes military personnel who chose to retire in Northeast Florida and have the training and experience many of the companies at Cecil desire, he said….
He said the authority generally has about a 30 percent profit margin and surplus cash is invested in the authority’s capital plans to help fuel economic growth.
Read the full story.