Embry-Riddle Aeronautical University’s Research Park, which has so far served 22 companies and generated 104 high-paying, full-time jobs, will soon gain another 10,000 square feet of production space to advance innovation and entrepreneurship in Central Florida.
The new facility – to be located on the east side of Clyde Morris Boulevard just south of Bellevue Avenue – is already fully occupied. Half of the space will support WeatherFlow-Tempest, Inc., an existing Research Park innovator that is poised to expand its successful business, while the other half of the building will be devoted to Research Park operations.
Dubbed the Advanced Technology and Manufacturing Center, the new facility was designed to include 5,000 square feet of space for both emerging and established businesses in need of a larger footprint for light assembly and production operations. WeatherFlow-Tempest, a company focused on weather observation, modeling and forecasting technology, was first in line to claim all of the leasable space.
By adding the new production facility, Embry-Riddle will expand the Research Park to include five buildings and is well on its way to completing Phase I of the development.
Since the Research Park’s spring 2017 inception, 22 companies have raised $41.1 million from grants and investors, Embry-Riddle reported. Research Park companies have also created 104 full-time jobs with an annual average salary of $67,000 and provided employment for 159 student interns.