Florida advanced manufacturing research facility will bring jobs, innovation — VIDEO
OSCEOLA COUNTY, Fla. — The International Consortium for Advanced Manufacturing Research (ICAMR) has been approved to receive $15 million in state funds that will enable the public-private partnership to create a part of the next-generation sensor-driven economy in Florida.
ICAMR will receive a one-time $10 million appropriation fund to purchase the necessary tools and equipment for taking on manufacturing development activities. The partnership will also receive $5 million in continuing funds that will put ICAMR in a strong strategic position to pursue federal contracts, attract industry and proceed with plans for a research center. This significant support will further strengthen ICAMR’s ability to be a leading innovator in the burgeoning sensor economy for years to come.
Osceola County, the University of Central Florida, the Florida High Tech Corridor Council, Enterprise Florida and others have dedicated more than $162 million to develop the center that will be housed in a 109,000-square-foot advanced manufacturing facility currently under construction in Osceola County.
This announcement comes just one month after Florida TaxWatch released a report highlighting the importance of unique high-tech and manufacturing investments to the economy in Florida. It reflected that manufacturing jobs make up just 4.2 percent of Florida jobs, putting the state at 43rd in the country. This investment will help mold Florida’s economy by creating basic infrastructure, facilities and tools to competitively attract state-of-the-art manufacturers to Florida.
Data shows that the establishment of ICAMR would result in 4,600 new high-tech jobs, $403 million in earnings and a total of nearly 20,000 new jobs across various sectors.
For ICAMR careers, check here.