Brevard Board Approves Incentives for Blue Origin, Lockheed Martin

Blue_Origin_logo1The North Brevard Economic Development Zone board has approved economic incentives for Blue Origin to build a facility in the county and for Lockheed Martin to expand its operations there.

The board voted 8-1 to approve $8 million in incentives for rocket company Blue Origin. The company — being referred to by the code name “Project Panther” — is considering building a 330-employee facility at Exploration Park, near the Kennedy Space Center.

Separately, the board voted 9-0 in favor of a $1.735 million grant for Lockheed Martin Corp., which is considering a 300-employee facility at 1515 Chaffee Drive in Titusville.

Lockheed on Tuesday also will ask the Brevard County Commission to consider property tax abatements totaling $397,043 a year over a 10-year period for its project….

The incentives for both projects would come back to the zone board for a second vote once deals are worked out with the companies. Additionally, the Brevard County Commission must approve the $8 million commitment to Blue Origin….

Lockheed Martin said its project involves its Space Systems Company operations.

The proposed Chaffee Drive expansion is on the site of an Astrotech facility. Lockheed Martin in August completed its acquisition of Astrotech Space Operations business of Astrotech Corp, including operations in Titusville and Vandenberg Air Force Base in California.

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