Friday, May 7, 2010
Lockheed to expand, create 100 new jobsDefense contractor plans
to spend $2.4M on renovations, equipment
Orlando Business Journal - by Melanie
Stawicki Azam Staff Writer
Martin Corp. wants to spend $2.4 million to renovate and equip a
64,000-square-foot industrial building in the city of West Melbourne and create
The new assembly, testing and field operations engineering
positions would pay an average annual salary of $42,000.
Md.-based company got Brevard County Commission approval May 4 for a tax
exemption package valued at $104,000 over 10 years. The abatement is based on
$1.4 million in building improvements and $950,000 in new equipment the company
would spend to outfit the new manufacturing and office facility.
Martin needs the extra space and workers to fulfill a U.S.
Army contract to provide surveillance and reconnaissance units for the wars
in Iraq and Afghanistan.
Itís unknown if a lease has been signed yet for
the facility, which is on 8.5 acres at 4401 Fortune Place in West Melbourne. The
firmís nearby 50,000-square-foot Cape Canaveral office, which employs 139
workers, would remain open.
A general contractor has not been hired yet
for the HVAC work, telecommunications, electric upgrades and security system
upgrades to the building.
The defense contractor also is seeking $600,000
worth of state tax credits, based on the $6,000 per position offered through the
Qualified Defense & Space Contractor Tax Refund program. Itís unknown when
the state will decide on that request. Enterprise Florida spokesman Stuart Doyle
said the case is marked ďconfidential,Ē so he could not comment on the
Lockheed Martin also can access two other state tax refund
programs: one for defense contractors and another for locating in a designated
A brownfield is an area with perceived or actual
environmental contamination that could hinder redevelopment. Under 1997ís
Florida Brownfields Redevelopment Act, tax credits and job creation incentives
are available to help communities clean up and reuse brownfield
West Melbourne City Manager Scott Morgan said the proposed site
itself is not contaminated, even though itís in a brownfield
Brevard County is competing with Mississippi, Colorado and
California for the jobs and new space, but a letter Lockheed Martin submitted to
the county said it wants to keep this operation in Florida.
also has cleared another local hurdle: The West Melbourne City Council approved
$45,893 worth of economic incentives to lure the company to its city. Morgan
said the county and city contributions are needed to help leverage the state tax
Lockheed Martin is a global security company that employs
140,000 people worldwide. The defense contractor reported 2009 sales of $45.2
billion and is the largest provider of information technology services, systems
integration and training to the U.S. government.
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