The $9.8 million grant will assist in expansion of Joby’s facilities in Marina by the construction of a new 200,000 square foot building that will increase production capacities at the Marina Municipal Airport.
Congratulations Joby Aviation on the continued success in Marina!
At its November 16, 2023, meeting, the California Competes (CalCompetes) Grant Committee approved the allocation of grant funding for Joby Aviation in the amount of $9,800,000 towards the construction of its expansion facility at the Marina Municipal Airport.
The $9.8 million grant will assist in financing a significant expansion of Joby’s facilities in Marina by the construction of a new 200,000 square foot building that will increase production from 4 aircraft per year to 50, as well as double their research and development capacities at the Marina Municipal Airport.
The CalCompetes grant enables Joby to accelerate early manufacturing in California to support the Company’s ongoing type certification program with the Federal Aviation Administration as well as for initial commercial operations, expected to begin in 2025.
As part of the grant agreement, Joby has committed to invest $41.3 million and create 690 additional full-time jobs by 2027 in Marina and across Joby’s other offices, located in San Carlos and their headquarters in Santa Cruz.
Joby is a leader in both the EVTOL industry and in Marina. We are proud of Joby's continued success and look forward to a bright future for both Joby and the Marina community.