Ocean Aero Inc.

New Markets Tax Credit Coalition

Gulfport,
MS
(2023)

Ocean Aero Inc.

Tech

Investment

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

IMPACT

104 FTE jobs
65 jobs created and 39 jobs retained.

CDEs

Advantage Capital, Community Development Venture Capital Alliance

Investor

US Bank

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

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