The campus is a joint venture led by the Pensacola Bay Area Chamber of Commerce in partnership with Escambia County, the City of Pensacola and PEDC. The goal of the Technology Campus is to create a location for 21st century jobs with a focus on innovation-based businesses. The project has involved land donated by the city and county to PEDC, a $2 million grant from the United States Economic Development Administration and infrastructure funding from Escambia County and the City of Pensacola. The Technology Campus will accommodate multiple companies and has the capacity to be home to more than 1,000 high wage jobs. |
Downtown Technology Campus Development Criteria
- Target Industries. PEDC shall market and sell land in the Tech Campus to companies engaged in the following industry sectors*:
• Information Technology
• Information Assurance and Security
• Web applications
• Software Development
• Bioinformatics
• Avionics
• Engineering
• Human Performance Technologies
• Life Sciences
- Employment Requirements. Companies purchasing land in the Tech Campus shall commit to the following employment and payroll requirements:
• Average Salaries of not less then 125% of the average county way as determined by the Agency for Workforce Innovation and published by Enterprise Florida. ($44,288 and above).
• Minimum of 50 employees employed in one of the technology sectors listed above
- Development Requirements. Companies purchasing land in the Tech Campus shall commit to the following development requirements:
• Minimum building size of 14,000 square feet on property south of Salamanca Street
• Minimum building size of 60,000 square feet on property north of Salamanca Street
• Land shall revert back to PEDC if permits are not received within 12 months of the real estate closing and/or construction does not begin within 18 months of closing.
*Land may be sold to companies outside of these industry sectors if the buyer has a fully executed lease with a company in one of these industry sectors meeting the above Employment
Requirements and those requirements are agreed to in writing by the tenant. The buyer shall
deposit double the amount of the sales price in escrow. Such funds shall be released to the
buyer from the escrow account upon occupancy of the technology sector tenant. However, if the
property is developed and the tenant company that has executed the lease does not take
occupancy of the building within six months of a Certificate of Occupancy the funds placed in
escrow shall be released to PEDC.
MANUFACTURING FACILITIES
Pharmaceutical Manufacturing
Computer & Electronic Product Mfg
Computer & Electronic Component Mfg
Electromedical Apparatus Mfg
Irradiation Apparatus Mfg
Laser Manufacturing
Optoelectronics Manufacturing
Reproducing Magnetic; & Optical Media Mfg
Semiconductor Manufacturing
Software Reproducing
Transportation Equipment Manufacturing
Aviation & Aerospace Manufacturing
Machinery Manufacturing
Electronic Flight Simulator Manufacturing
Instruments for Measuring & Testing Electricity
Lens Manufacturing
Optical Instruments Manufacturing
Power Distribution, Generation & Technology
Electrical Equipment Manufacturing
Appliance Component Manufacturing
Fiber Optic Cable Manufacturing
Miscellaneous Manufacturing
Surgical & Medical Instrument Manufacturing
WHOLESALE TRADE
Business-to-Business Electronic Marketing
INFORMATION INDUSTRIES
Sound Recording Industries
Integrated Record Production/Distribution
Film, Video & Electronic Media
Production (Excluding temporary "on location" filming)
Postproduction Services
Information Services & Data Processing
Internet Service Providers, Web Search Portals
Data Processing Services
On-line information Services
Publishing Industries
Software Publishing
Telecommunications
Satellite Communications
PROFESSIONAL, SCIENTIFIC & TECHNICAL SERVICES
Professional, Scientific & Technical
Computer Programming / Software
Development
Computer System Design
Management, Scientific & Tech Services
Research and Development
Scientific and Technical Consulting Services
Simulation Training
Testing Laboratories
MANAGEMENT SERVICES
Management Services
National, International & Regional
Headquarters |
