Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company's VentureCrossings® Enterprise Centre
Business Wire•03/11/2026•16:20 ET
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Key Highlights
- ➤$98.4 million Triumph Gulf Coast grant supports FSU aerospace facility
- ➤FSU commits $65 million over 10 years to the initiative
- ➤FSU pledges to secure more than $235 million in grant funding
- ➤Construction begins at St. Joe’s VentureCrossings Enterprise Centre
- ➤Future phases include hypersonic wind tunnel for high-speed flight research
Expert Statements
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“This project represents an important investment in Northwest Florida’s future. By bringing together university research, advanced manufacturing, and industry partners, FSU is helping to create opportunities for innovation, economic growth, and high paying jobs in our region.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“Working with institutions like FSU, we seek to help create opportunities that attract talent to our area, support new businesses and contribute to the continued growth of Northwest Florida. These investments strengthen the communities we serve and complement our long-term plans for the region.”
William Brock, Vice President of Commercial Real Estate at The St. Joe Company
“We are excited to welcome Florida State University to VentureCrossings Enterprise Centre. This project is a significant addition to our current mix of businesses and further demonstrates the potential of this strategically located commercial hub near Northwest Florida Beaches International Airport. We believe FSU’s presence will complement existing and future development while creating opportunities for continued economic growth in the area.”
Richard McCullough, President of Florida State University
“This is an exciting milestone for Florida State University and for Northwest Florida. InSPIRE will build on our strengths in aerospace research and advanced manufacturing while creating new opportunities for innovation, industry partnerships and high-paying jobs. We’re grateful to The St. Joe Company for donating this land and to Triumph Gulf Coast for helping make this project possible.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“With substantial land holdings in Northwest Florida, we continue to pursue a long-term development strategy that supports the growth of the region through a combination of residential, commercial, hospitality and other complementary uses. Strategic partnerships and land contributions that help bring educational, healthcare and other essential institutions to the area are an important part of that approach, supporting the development of vibrant communities and creating opportunities for long-term value across the Company’s portfolio.”
Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company's VentureCrossings(®) Enterprise Centre
Announcement Represents Continued Investment in Long-Term Economic Growth of Northwest Florida
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