FloridaWest Economic Development Alliance announced that Paradigm Parachute & Defense, a disabled-veteran-owned small business, is expanding their manufacturing operations in Pensacola. The military parachute manufacturer received a grant through the Industry Resilience and Diversification Fund (IRDF).
This grant, made possible by a collaboration between FloridaWest and UWF, will allow Paradigm to double its manufacturing capabilities and create new jobs in Escambia County. The fund was established by the Florida Legislature, the Florida Department of Economic Opportunity and UWF to help Northwest Florida businesses grow, innovate and thrive.
Aaron Nazaruk, CEO of Paradigm, says the project is expected to create and sustain at least 28 new manufacturing and technical jobs over the next five years.
“The leadership from the FloridaWest team and UWF was invaluable to the success of being awarded this grant, which means we’ll be able to serve even more important endeavors around the world,” said Nazaruk. “Their hard work will allow us to effectively double our operations here in Pensacola.”
FloridaWest Economic Development Alliance exists to grow the local economy by encouraging companies to relocate to the Pensacola area and by helping local companies grow. The FloridaWest team has been working with Paradigm on this grant since 2020.
“Paradigm’s mission critical products are deployed around the globe in the service of commercial, military, humanitarian, government and space operations,” said Scott Luth, FloridaWest CEO. “It will be rewarding to see this partnership lead to the growth of this amazing company.”
Open House Event – News media invited to see manufacturing operations
Nov. 7, 9 a.m.
Paradigm Parachute & Defense
4040 Ashland Ave, Pensacola, FL
About Paradigm Parachute & Defense
Paradigm Parachute & Defense Inc. is a service-disabled veteran owned small business (SDVOSB) founded in 2019 in Pensacola, Florida that provides high-quality, precision manufactured, military style parachute systems and associated defense products to global commercial, government, humanitarian and space exploration customers.
About FloridaWest Economic Development Alliance
FloridaWest Economic Development Alliance is the designated economic development organization for Pensacola and Escambia County. They are an alliance of public and private community leaders dedicated to collectively building, growing and sustaining the economic potential and prosperity of individuals, businesses and our Northwest Florida communities.
About University of West Florida
Based in Pensacola, the University of West Florida (UWF) was originally established by the Florida Legislature in 1963. Today, UWF has multiple locations in the region and an ever-growing global online presence. UWF has awarded more than 100,000 degrees from 110+ undergraduate, graduate, and doctoral programs.