The U.S. Department of Commerce’s Economic Development Administration (EDA) has awarded a $3 million grant to Cape May County, N.J., to help build a new facility for unmanned aircraft systems (UAS) companies.
The 20,000-square-foot, multi-tenant building will be located within the Cape May County Airport. According to grantee estimates, the project is expected to create 130 jobs and spur $1.9 million in private investment. Each company in the facility will be provided with 5,000 square feet of space that will include offices and manufacturing areas.
“This project will allow businesses in one of the most advanced sectors with the tools they need to grow and thrive,” says Wilbur Ross, U.S. secretary of commerce.
“This federal investment is welcome news in Cape May County, which has been at the forefront of UAS testing and development,” notes U.S. Rep. Frank LoBiondo, R-N.J. “From maritime and emergency response to applications in the energy and infrastructure inspection sectors, UAS operations in Cape May County continue to showcase a strong public-private partnership that benefits all parties.”
According to the EDA, the project was made possible by the regional planning efforts led by the South Jersey Economic Development District. EDA funds the South Jersey Economic Development District to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.