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House Community
Budget Issue Requests - Tracking Id #1130 Pratt & Whitney |
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Requester: |
Larry Pelton |
Organization: |
Business Development Board of Palm Beach County |
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Project Title: |
Pratt & Whitney |
Date Submitted: |
01/26/2000 5:08:57 PM |
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District Member: |
Sharon Merchant |
Service Area: |
Regional |
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Counties Affected: |
Palm Beach |
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Recipient: |
Liquid Space Propulsion Division of Pratt & Whitney |
Contact: |
Kevin Auden |
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P.O. Box 109600 |
Contact Phone: |
(561) 796-4449 |
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West Palm Beach 33410 |
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Project Description: |
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Funds to be used to reduce interest expense on $55 million loan to construct rocket test stands at Palm Beach County site. |
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Services Provided/Benefit to State: |
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Retain 800 jobs and receive additional 500 jobs in expansion of a traget industry. Average salary $70,000 |
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Measurable Outcome Anticipated: |
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Job retention/growth of 1300 jobs |
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Amount requested from the State for this project this year: |
$4,000,000 |
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Total cost of the project: |
$75,000,000 |
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Request has been made to fund: |
Construction |
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Is there Local Government or Private match for this request? |
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Yes |
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Cash Amount: |
$1,000,000 |
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Was this project previously funded by the State? |
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No |
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Is future-year funding likely to be requested? |
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No |
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Was this project included in an Agency's Budget Request? |
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No |
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Was this project included in the Governor's Recommended Budget? |
No |
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Is there a documented need for this project? |
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Yes |
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Documentation: |
Economic development files at Enterprise Florida |
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Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)? |
Yes |
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Hearing Body: |
Palm Beach County Legislative Delegation |
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Meeting Date: |
02/01/2000 |
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