{"id":1016798,"date":"2026-11-04T18:56:32","date_gmt":"2026-11-04T23:56:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\/"},"modified":"2026-11-04T18:56:32","modified_gmt":"2026-11-04T23:56:32","slug":"florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\/","title":{"rendered":"Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company&#8217;s VentureCrossings\u00ae Enterprise Centre"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company&#8217;s VentureCrossings<\/b><sup><b>\u00ae<\/b><\/sup><b> Enterprise Centre<\/b><\/p>\n<p class=\"bwalignc\"><b><i>Announcement Represents Continued Investment in Long-Term Economic Growth of Northwest Florida<\/i><\/b><\/p>\n<p>PANAMA CITY BEACH, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFlorida State University (\u201cFSU\u201d), a Tier-1 research university, announced today the development of an aerospace research and advanced manufacturing facility within The St. Joe Company\u2019s (NYSE: JOE) (\u201cSt. Joe\u201d or the \u201cCompany\u201d) VentureCrossings Enterprise Centre in Panama City, Florida. Strategically positioned near Northwest Florida Beaches International Airport, the new facility will expand FSU\u2019s capacity for aerospace research, testing and advanced manufacturing within the Institute for Strategic Partnerships, Innovation, Research and Education (\u201cInSPIRE\u201d) while supporting workforce development and economic growth throughout Northwest Florida.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20261103280702\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261103280702\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261103280702\/en\/2957887\/4\/FSU_inSPIRE_Aerospace_Research_Building_Rendering.jpg\" alt=\"Architectural rendering of the planned Florida State University InSPIRE facility at VentureCrossings Enterprise Centre in Panama City. The facility will support aerospace research, advanced manufacturing and testing.\" \/><\/p>\n<p style=\"font-size:85%\">Architectural rendering of the planned Florida State University InSPIRE facility at VentureCrossings Enterprise Centre in Panama City. The facility will support aerospace research, advanced manufacturing and testing.<\/p>\n<\/div>\n<p>\n\u201cThis project represents an important investment in Northwest Florida&#8217;s future. By bringing together university research, advanced manufacturing, and industry partners, FSU is helping to create opportunities for innovation, economic growth, and high paying jobs in our region,\u201d said Jorge Gonzalez, St. Joe President, Chief Executive Officer and Chairman of the Board. \u201cWorking with institutions like FSU, we seek to help create opportunities that attract talent to our area, support new businesses and contribute to the continued growth of Northwest Florida. These investments strengthen the communities we serve and complement our long-term plans for the region.\u201d<\/p>\n<p>\nWilliam Brock, St. Joe Vice President of Commercial Real Estate added, \u201cWe are excited to welcome Florida State University to VentureCrossings Enterprise Centre. This project is a significant addition to our current mix of businesses and further demonstrates the potential of this strategically located commercial hub near Northwest Florida Beaches International Airport. We believe FSU\u2019s presence will complement existing and future development while creating opportunities for continued economic growth in the area.\u201d<\/p>\n<p>\nConstruction began Monday on the first phase of the project, which will include centralized advanced manufacturing and aerospace testing facilities, along with office space. Future phases are planned to include a hypersonic wind tunnel for research into high-speed flight technologies with national defense applications. In addition to St. Joe\u2019s land donation, the initiative is supported by a $98.4 million grant from Triumph Gulf Coast. FSU has also committed an additional $65 million over 10 years and has pledged to secure more than $235 million in grant funding.<\/p>\n<p>\n\u201cThis is an exciting milestone for Florida State University and for Northwest Florida,\u201d said Richard McCullough, FSU President. \u201cInSPIRE will build on our strengths in aerospace research and advanced manufacturing while creating new opportunities for innovation, industry partnerships and high-paying jobs. We\u2019re grateful to The St. Joe Company for donating this land and to Triumph Gulf Coast for helping make this project possible.\u201d<\/p>\n<p>\nThe new FSU project is part of St. Joe\u2019s continued investment and development in the area surrounding Northwest Florida Beaches International Airport and along the State Road 79 corridor. The corridor is experiencing growth across multiple sectors, including residential communities, commercial development, healthcare and recreation. Among the significant projects underway is the FSU Health hospital, which will expand access to healthcare services in the region.<\/p>\n<p>\n\u201cWith substantial land holdings in Northwest Florida, we continue to pursue a long-term development strategy that supports the growth of the region through a combination of residential, commercial, hospitality and other complementary uses,\u201d said Gonzalez. \u201cStrategic partnerships and land contributions that help bring educational, healthcare and other essential institutions to the area are an important part of that approach, supporting the development of vibrant communities and creating opportunities for long-term value across the Company\u2019s portfolio.\u201d<\/p>\n<p>\nFor more information about FSU\u2019s InSPIRE visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finspire.fsu.edu%2F&amp;esheet=54634721&amp;newsitemid=20261103280702&amp;lan=en-US&amp;anchor=inspire.fsu.edu&amp;index=1&amp;md5=648dcae1fcef2e17ad177844e9174f9e\">inspire.fsu.edu<\/a>.<\/p>\n<p><b><span class=\"bwuline\">Important Notice Regarding Forward-Looking Statements<\/span><\/b><\/p>\n<p>\nThis press release contains \u201cforward-looking statements,\u201d within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding the new FSU facility\u2019s impact on the economic growth and job creation along the State Road 79 corridor and throughout Northwest Florida, the construction timeline for the FSU facility, and the ability of the Company to successfully engage in strategic partnerships. These forward-looking statements are qualified in their entirety by cautionary statements and risk factors set forth in St. Joe\u2019s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent current report filings, as well as any inability of the new FSU facility to facilitate economic growth and job creation in the Company\u2019s region.<\/p>\n<p><b><span class=\"bwuline\">About The St. Joe Company<\/span><\/b><\/p>\n<p>\nThe St. Joe Company is a diversified Florida real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures and has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities. More information about St. Joe can be found on its website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.joe.com%2F&amp;esheet=54634721&amp;newsitemid=20261103280702&amp;lan=en-US&amp;anchor=joe.com&amp;index=2&amp;md5=2c9470aff5b97e41d9cf8f0f6a024a25\">joe.com<\/a>.<\/p>\n<p>\n\u00a92026 The St Joe Company. All Rights Reserved. \u201cSt. Joe<sup>\u00ae<\/sup>,\u201d \u201cJOE<sup>\u00ae<\/sup>,\u201d the \u201cTaking Flight\u201d Design<sup>\u00ae<\/sup>,\u201d and \u201cSt. Joe (and Taking Flight Design)<sup>\u00ae<\/sup>\u201d and \u201cVentureCrossings<sup>\u00ae<\/sup>\u201d are service marks of The St. Joe Company.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261103280702r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261103280702\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261103280702\/en\/<\/a><\/span><\/p>\n<p><b>St. Joe Investor Relations Contact:<br \/>\n<\/b><br \/>Marek Bakun<br \/>\n<br \/>Chief Financial Officer<br \/>\n<br \/>1-866-417-7132<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:marek.bakun@joe.com\">marek.bakun@joe.com<\/a><\/p>\n<p><b>St. Joe Media Relations Contact:<br \/>\n<\/b><br \/>Mary Beth Lovingood<br \/>\n<br \/>Director, Corporate Marketing &amp; Communications<br \/>\n<br \/>850-231-6583<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:marybeth.lovingood@joe.com\">marybeth.lovingood@joe.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Florida<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Architecture Other Construction &amp; Property Other Education Continuing Commercial Building &amp; Real Estate University Construction &amp; Property Education Urban Planning Building Systems Aerospace Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261103280702\/en\/2957887\/3\/FSU_inSPIRE_Aerospace_Research_Building_Rendering.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Architectural rendering of the planned Florida State University InSPIRE facility at VentureCrossings Enterprise Centre in Panama City. The facility will support aerospace research, advanced manufacturing and testing.<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261103280702\/en\/253442\/3\/StJoe_Logo_500x165.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company&#8217;s VentureCrossings\u00ae Enterprise Centre Announcement Represents Continued Investment in Long-Term Economic Growth of Northwest Florida PANAMA CITY BEACH, Fla.&#8211;(BUSINESS WIRE)&#8211; Florida State University (\u201cFSU\u201d), a Tier-1 research university, announced today the development of an aerospace research and advanced manufacturing facility within The St. Joe Company\u2019s (NYSE: JOE) (\u201cSt. Joe\u201d or the \u201cCompany\u201d) VentureCrossings Enterprise Centre in Panama City, Florida. Strategically positioned near Northwest Florida Beaches International Airport, the new facility will expand FSU\u2019s capacity for aerospace research, testing and advanced manufacturing within the Institute for Strategic Partnerships, Innovation, Research and Education (\u201cInSPIRE\u201d) while supporting workforce development and economic growth throughout Northwest Florida. This press release features multimedia. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company&#8217;s VentureCrossings\u00ae Enterprise Centre&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1016798","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company&#039;s VentureCrossings\u00ae Enterprise Centre - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company&#039;s VentureCrossings\u00ae Enterprise Centre - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company&#8217;s VentureCrossings\u00ae Enterprise Centre Announcement Represents Continued Investment in Long-Term Economic Growth of Northwest Florida PANAMA CITY BEACH, Fla.&#8211;(BUSINESS WIRE)&#8211; Florida State University (\u201cFSU\u201d), a Tier-1 research university, announced today the development of an aerospace research and advanced manufacturing facility within The St. Joe Company\u2019s (NYSE: JOE) (\u201cSt. Joe\u201d or the \u201cCompany\u201d) VentureCrossings Enterprise Centre in Panama City, Florida. Strategically positioned near Northwest Florida Beaches International Airport, the new facility will expand FSU\u2019s capacity for aerospace research, testing and advanced manufacturing within the Institute for Strategic Partnerships, Innovation, Research and Education (\u201cInSPIRE\u201d) while supporting workforce development and economic growth throughout Northwest Florida. This press release features multimedia. &hellip; Continue reading &quot;Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company&#8217;s VentureCrossings\u00ae Enterprise Centre&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-04T23:56:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20261103280702\/en\/2957887\/4\/FSU_inSPIRE_Aerospace_Research_Building_Rendering.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company&#8217;s VentureCrossings\u00ae Enterprise Centre\",\"datePublished\":\"2026-11-04T23:56:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\\\/\"},\"wordCount\":1008,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20261103280702\\\/en\\\/2957887\\\/4\\\/FSU_inSPIRE_Aerospace_Research_Building_Rendering.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\\\/\",\"name\":\"Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company's VentureCrossings\u00ae Enterprise Centre - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/florida-state-university-announces-aerospace-research-and-innovation-facility-at-the-st-joe-companys-venturecrossings-enterprise-centre\/","og_locale":"en_US","og_type":"article","og_title":"Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company's VentureCrossings\u00ae Enterprise Centre - Market Newsdesk","og_description":"Florida State University Announces Aerospace Research and Innovation Facility at The St. Joe Company&#8217;s VentureCrossings\u00ae Enterprise Centre Announcement Represents Continued Investment in Long-Term Economic Growth of Northwest Florida PANAMA CITY BEACH, Fla.&#8211;(BUSINESS WIRE)&#8211; Florida State University (\u201cFSU\u201d), a Tier-1 research university, announced today the development of an aerospace research and advanced manufacturing facility within The St. Joe Company\u2019s (NYSE: JOE) (\u201cSt. Joe\u201d or the \u201cCompany\u201d) VentureCrossings Enterprise Centre in Panama City, Florida. Strategically positioned near Northwest Florida Beaches International Airport, the new facility will expand FSU\u2019s capacity for aerospace research, testing and advanced manufacturing within the Institute for Strategic Partnerships, Innovation, Research and Education (\u201cInSPIRE\u201d) while supporting workforce development and economic growth throughout Northwest Florida. 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