Commercial Launch

Florida’s Commercial Spaceport

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Vision 2020

Space Florida’s 10 Year Market Strategy


Space Community Profile

Information about employers, education and business climate

Why Florida?

Florida is an unquestioned leader nationally and internationally in the global aerospace industry.  Florida consistently ranks in the top five U.S. states for aerospace industry employment, with more than 132,000 employees in 2011.  More than 11,600 aerospace-related companies call Florida home, contributing $17.7 billion in revenues to Florida’s economy.  Florida’s aerospace industry has diversified strengths, highlighted by:

  • NASA and U.S. Air Force rocket launching at Cape Canaveral
  • Development of navigation and guidance control systems in Orlando and Clearwater
  • Manufacturing of rocket engines as well as advanced helicopter systems in West Palm Beach
  • Small satellite development in Gainesville
  • Significant MRO centers around the state, with particular strength in Miami, Jacksonville, Melbourne, and the Pensacola to Panama City corridor
  • Business jet R&D and manufacturing in Melbourne

Additionally, Florida is a hub for the growing commercial space industry, with current and planned major operations for path-breaking companies such as SpaceX and XCOR.

Partnering with industry to grow aerospace in Florida

Space Florida is uniquely empowered by the State Florida with robust tools to aid companies in aerospace and related industries.   These powers, which are contained in Space Florida’s state enabling statute (Chapter 331 Part II Florida Statutes), include:
  • Authority to conduct off balance sheet financing transactions (which oftentimes will qualify for operating lease treatment under SFAS 13)
  • Authority to conduct conduit financing transactions in situations where land ownership is not possible (e.g., improvements on federal installations and at airports)
  • Equipment financing
  • Infrastructure funding for improvements within the Florida Spaceports territory (currently NASA/Kennedy Space Center, Cape Canaveral Air Force Station, and Cecil Commerce Center)
  • Access to additional financing and workforce recruiting and training support in coordination with our partners at Enterprise Florida, Workforce Florida, and Visit Florida, and local economic development organizations around the state

We have conducted more than $500 million in financing transactions since 2000, allowing a number of companies to defer upfront capital costs on favorable terms as they grow their operations in Florida.  We look forward to assisting you.