Ocean Aero produces an award-winning autonomous ocean drone platform, supplied to the U.S. Navy and Department of Defense.
The company needed capital to move its headquarters from San Diego, Calif. to Gulfport, Miss.
The investment, made in connection with the Mississippi Small Business Investment Company (MSBIC) and federal New Markets Tax Credit programs, provided the company with the funding it needed to relocate employees to Mississippi.
Investment Summary
Location
Mississippi
Investment
$11,275,850
Type
Debt & Equity
Impact
Jobs Supported
59