Fort Walton Machining expanding

FORT WALTON BEACH, Fla. -- Fort Walton Machining announced an expansion that will add 30 new jobs and more than $1.5 million in new manufacturing equipment purchases. The company was the first to apply for the city of Fort Walton Beach's Economic Development Ad Valorem Tax Exemption for new and expanding businesses that was approved by voters in August. Fort Walton Beach City Council voted unanimously to support this project at their meetings in June. Okaloosa County approved a similar exemption in July. Greg Britton, CEO of Fort Walton Machining, said the additional equipment will give the company greater capabilities in aerospace manufacturing. The new jobs are expected to have average annual pay of more than $41,000. (Source: Northwest Florida Daily News, 07/17/15)