ITT Corporation Moving To Panama City

Commissioners learned a local company is moving and expanding.

ITT Corporation is a defense contractor that works with naval support activity on electronic warfare and mine defense systems. The Bay County economic development alliance helped ITT get local and state incentives for the expansion.
The company will become the first to move into the new venture crossings enterprise center at West Bay, near Northwest Florida Beaches International Airport.

Groundbreaking for the new 100,000 square foot building should take place next month. ITT will add 30 new jobs at an average salary of about $50,000 dollars a year.

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