Wednesday, April 21, 2010
Stimulus Brings 800-1000 Tech Jobs to Space Coast
Lighting Science Group produces innovative technology such as the CoolGrid video display system.
Florida Today reports that a company chosen by NASA to provide lighting technologies in space has announced it will provide somewhere between 800 - 1,000 new jobs in Satellite Beach.
Bolstered by $18.8 million in federal economic stimulus bonds, Lighting Science Group plans to build a major manufacturing facility on the Space Coast and create 832 new jobs.
"It's going to allow us to move to a new location and to create approximately 1,000 new extra jobs," President Khaled Haram announced before the Brevard County Commission on Tuesday.
"That's 1,000 new extra jobs in Brevard County. That's 1,000 new extra jobs in energy-efficient lighting," Haram said.
Specifically, Lighting Science proposes to hire 214 workers this year, 443 workers next year and 175 more in 2011, according to a county spreadsheet. That totals 832 employees.
Commissioners unanimously awarded a total of $28.6 million interest-free "recovery zone facility bonds" to the Satellite Beach technology firm and two Melbourne companies: Embraer and Legacy Southeast Investments, LLC.
Lighting Science designs and manufactures LED lighting products. The past two years, the company produced lights that illuminated the New Year's Eve ball at Times Square in New York.
Zachary Gibler, chief executive officer, attended a meeting with President Barack Obama last week at Kennedy Space Center. NASA has chosen the company to develop lighting technologies for use in space, according to a statement Gibler released afterward.
Obama said in his April 15 speech that he wants to transform the I-4 Corridor to the “Silicon Valley of space.”
Click here to visit the Lighting Science Group web site and here for the press release issued after CEO Zach Gibler met with President Obama.