Santa Rosa Invests Triumph Funds in Northwest Florida Industrial Park

It is moving full steam ahead in building infrastructure for the Santa Rosa County Industrial Park.

The county is committing approximately $2.8 million from Triumph for incremental improvements to the Northwest Florida Industrial Park on Interstate 10.

Triumph Gulf Coast awarded the county $3.5 million in September 2020 for park infrastructure improvements. The final construction price will include a main stormwater pond, a two-lane road in the park, a lift station and a force main, as well as water service connections.

Plans across the county: Amazon’s secret is out, but what other companies are coming to Santa Rosa? Here is an overview

More Triumph funded news: Streamline Boats threatened with eviction in Hialeah. Pensacola plant in doubt after change of ownership

Santa Rosa Commission Chairman Bob Cole told the News Journal he was pleased with the commitment to industrial infrastructure.

“We feel like we’re doing a really good job,” Cole said. “…We already have quite a few potential tenants eyeing this park.”

The Northwest Florida Industrial Park at I-10 spans approximately 90 acres and is primarily dedicated to the transportation industry.

The park was supposed to host the long-awaited “Project Unstoppable,” but the unidentified company recently decided to pull out.

Last September, the County Board of Commissioners accepted a $2.5 million bid from a Midwestern developer to build on about 50 acres of the industrial park as part of “Project Unstoppable.”

The last remaining parcel of this park, which was 7 acres, was reserved by a distribution company.

Pennsylvania-based ice cream brand Hershey’s Ice Cream is also moving its Pensacola distribution facility to the park

This facility is set to be built on an 8-acre parcel and the company has submitted an offer of approximately $300,000 for the land.

It takes about three years to get the facility up and running, and the company will have at least 20 employees.

that industrial parks are an important component of the county.

“I think industrial parks are an integral part of the county’s overall economic development. I think that’s only part of it,” County Commissioner Colten Wright told the News Journal. “We obviously have tourism, and tourism is an important part of Santa Rosa County’s economy. But, it would be unwise to try to rely on that alone.

Cole acknowledged that the county is limited on the space available in its industrial parks, and he added that certain factors beyond the county’s control impact the decisions of potential tenants.

“Unfortunately, many of the tenants are a bit hesitant right now due to the high cost of development,” Cole said. “They have their options open, but they are taking a wait-and-see attitude hoping that construction costs will stabilize or maybe come down before moving forward and moving forward.”

He also credited industrial parks with providing jobs good enough to keep talent in Santa Rosa County. But Cole said Florida has its own challenges due to the threat of natural disaster.

“Insurance catches us because we are in Florida and because we are expected to have hurricanes. Some insurance companies have a much higher premium for a business that wants to move here, (rather) than move to Montgomery or somewhere like that,” Cole said.

Cole suggested the state legislature should explore a way to mitigate those insurance costs.

Comments are closed.