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Here’s how Space Florida will grow its portfolio to $10B (Alex Soderstrom)


One hundred thousand satellite launches. Thousands of high-tech employers. A portfolio of aerospace projects $10 billion strong.

That’s the picture Space Florida CEO and President Frank DiBello paints of the Sunshine State’s aerospace industry in 2030. As the state’s spaceport development agency, Space Florida negotiates with aerospace and aviation employers interested in bringing projects to Florida.

 Why this story matters: The aerospace and aviation projects Space Florida helps bring to the region create high-wage jobs, as the Florida High Tech Corridor reports local jobs in that industry pay an average annual wage of $102,159.

The scope of the 17-year-old agency’s operations expanded significantly in the last decade, DiBello told Orlando Inno. “In the last 10 years, we went from a portfolio of things we finance of about $100 million to $2.7 billion by the end of 2020. Our goal is to take that to $10 billion by 2030.”