October 31, 2014

Central Fla. Business Briefs - May 2010

Diane Sears | 5/1/2010

Brevard County — Northrop Grumman announced it will not bid on a $35-billion contract to build the next generation of aerial refueling tankers for the Air Force, saying specifications for the bid favor its competitor, Boeing. Northrop Grumman had said the contract could have created more than 1,600 direct and indirect jobs in Brevard.

Lake County — To boost the local economy, county commissioners voted to suspend collection of transportation impact fees on new development for one year.

Melbourne — Harris Corp. (NYSE-HRS) has received a $78-million contract from the U.S. Department of Defense to provide additional Falcon II high-frequency tactical radio systems for the Marine Corps.

» Terry Laboratories, which processes aloe for use in numerous products, announced it’s moving into larger headquarters and added a warehouse and distribution center in Texas.

» Associated Telecommunications Management Systems has hired more than 200 at its new call center in Rockledge and expects to bring on 400 more as it grows.

Orlando — JetBlue Airways (Nasdaq-JBLU) decided in March to keep its headquarters in New York City. It was offered $40 million in state and local incentives to move to Orlando, where it already has extensive operations at Orlando International Airport.

» Universal Orlando announced a June 18 opening date for its $200-million, 20-acre Wizarding World of Harry Potter attraction at Islands of Adventure.

Henry Daniell
Henry Daniell
» The Florida Mezzanine Fund, made up of 50 investors who previously formed the Gator Mezzanine Fund, has joined forces with CapitalSouth Partners of Charlotte, N.C., to provide up to $450 million to help small and midsized businesses in Florida.

» University of Central Florida professor Henry Daniell has developed a way to produce ethanol from orange peels, newspapers and other waste products.

Port Canaveral — Norwegian Cruise Line will begin sailing the Norwegian Sun from Port Canaveral in October, the first ship in Brevard to offer freestyle cruising, which allows passengers to choose when and where to eat and attend shows.

Titusville — SeaAway, which develops port security technology, received a 10-year, $3.9-million tax break incentive package from the county to move its Titusville headquarters to a larger facility in Merritt Island, where it will add 100 jobs and spend $72 million to fix up the former Sea Ray boats complex.

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