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Georgia Number One state for Aerospace Manufacturing Coupled with Camden's Expertise in Space Industry

October 15, 2020 / PR Newswire

Separate examinations from the consulting giant PwC and Georgia Southern University's Center for Business Analytics and Economic Research (CBAER) show the business appeal of Spaceport Camden.

PwC's 2020 Aerospace producing allure rankings records the State of Georgia as the main state in the nation for aviation fabricating. As per the report, "[Georgia's Aerospace and Defense] workforce of 108,000 is utilized by in excess of 800 aviation organizations. Aviation items, esteemed at $10.8 billion, represent the state's top fares and speak to the second biggest assembling industry in the state, speaking to $57.5 billion in financial effect."

Independently, a report by CBAER (PDF) at Georgia Southern University found that Camden County as of now represents 278 of Georgia's 926 direct space industry occupations. As per CBAER, "Camden County has an altogether more elevated level of specialization in the essential dispatch area than does the territory of Georgia… the expansion of a spaceport could help increment the work and wages effectively present here."

Direct space industry net local item has expanded since 2008 for both Georgia and Camden County, while information shows statewide GRP has developed by 88% and in Camden County by 125%. The normal yearly wages per specialist in Camden County are $42,757, while the immediate space area normal wages are $150,190 in 2019. This implies that a run of the mill work in the space area wins 3.5 occasions the local standard.

"Georgia is the number one state in which to do business, as well as the number one state for aerospace manufacturing. Coupled with Camden's existing expertise in the space industry, we are poised for massive growth with the approval of Spaceport Camden," said Steve Howard, Camden County administrator and Spaceport Camden project lead.

Camden County authorities have recently promoted Spaceport Camden's capability to help progressing military from Naval Base Kings Bay and to utilize plane design specialists from Georgia Tech University, the country's biggest maker of architects. Camden County foresees an official conclusion on its Launch Site Operator's License Application by the Federal Aviation Administration (FAA) in the spring of 2021.

About Spaceport Camden:

Our Vision is to develop a successful world class spaceport through a public-private partnership that establishes Camden County as the Commercial Space Center of the United States. Our Mission is to create the premier spaceport strategically positioned to provide economic diversity with a competitive advantage for the space sector, Camden County, the State of Georgia and the United States of America.