Triumph puts Escambia economic development team on notice

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The employee-owned Pegasus Laboratories celebrated completing the first phase of its facility expansion in Pensacola's Ellyson Industrial Park last year, but the company now faces delays as the Triumph Gulf Coast economic development board has put the Escambia County economic development team on notice about meeting grant deadlines for the project.

Why it matters

Triumph Gulf Coast is a regional economic development organization tasked with distributing $1.5 billion in settlement funds from the 2010 Deepwater Horizon oil spill. Its decisions on grant funding can have a major impact on the ability of local businesses and communities to grow and thrive in the Florida Panhandle.

The details

Pegasus Laboratories, an employee-owned company, recently completed the first phase of expanding its facilities inside the Ellyson Industrial Park in Pensacola. However, the company now faces delays as the Triumph Gulf Coast board has put the Escambia County economic development team on notice about meeting grant deadlines for the next phase of the Pegasus expansion project.

• Pegasus Laboratories completed the first phase of its facility expansion in 2025.
• Triumph Gulf Coast has recently put the Escambia County economic development team on notice about meeting grant deadlines for the next phase of the Pegasus expansion project.