Ocean Aero Inc.

Investment

  • NMTC Amount: $5,000,000
  • Total Project Cost: $13,790,849

IMPACT

  • 104 FTE jobs
  • 65 jobs created and 39 jobs retained.

Investor

Project Description

Ocean Aero, Inc. (“OA”) is an award-winning autonomous ocean drone platform. The key markets include defense and security (intelligence, surveillance, and data), science and research (oceanography and meteorology data collection), and energy (pre-drill analysis, leak detection, monitoring). This project provided Ocean Aero with the capital needed to support planned hires and allow the company to execute on current purchase orders.

MAP

Address: 53 E Pier Rd, Gulfport, MS 39501

Census Tract: 28047001402

Site Visits

Other Mississippi Projects

PB Community Impact Fund and BXS Community Fund provided federal New Market Tax Credit allocation and to Lackey Memorial Hospital to finance the construction of a new Medical Arts Complex

The Mississippi Band of Choctaw Indians used the NMTC to support its new early childhood education centers and an elementary school expansion.
NMTC and NuFarm bring quality manufacturing jobs to Greenville, Mississippi
NMTC financing supports a new job-training institute that is now designed to attract hospitality trainees from across the region.