Triumph Gulf Coast, Inc., is a nonprofit corporation organized to oversee the expenditure of 75 percent of all funds recovered by the Florida attorney general for economic damages to the state that resulted from the 2010 Deepwater Horizon oil spill. Triumph Gulf Coast, Inc., is required to administer the distribution of the funds to be used for the recovery, diversification, and enhancement of the eight Northwest Florida counties disproportionately affected by the oil spill. Those counties include Escambia, Santa Rosa, Okaloosa, Walton, Bay, Gulf, Franklin and Wakulla.
Announcements, News & Correspondence
Pensacola – Triumph Gulf Coast’s board of directors unanimously voted on final approval today of a $10 million grant agreement with the Port of Panama City to promote economic growth and create new jobs in Northwest Florida. The first grant approved by the Triumph board will provide $10 million to the Port of Panama City for a major expansion of port capacity at the new East Terminal facility. The project will support over 140 direct high-wage jobs at the port and more than 250 additional port- dependent manufacturing and distribution jobs that choose to locate or expand in the region because of the newly available port capacity. “We are honored to be the first recipient of funding from Triumph Gulf Coast and are committed to delivering significant economic benefits to the region with our port expansion project.” said Wayne Stubbs, Executive Director of the Panama City Port Authority. The Triumph… [Read More]