Joby Awarded $9.8 Million Grant from California Governor’s Office
The California Competes grant from the governor’s office will support Joby’s continued statewide expansion and the creation of 690 new jobs.
(Marina, California) Electric air taxi manufacturer Joby Aviation, Inc. (NYSE: JOBY) announced its receipt of a $9.8 million California Competes Grant by the Governor’s Office of Business and Economic Development this past Friday, November 17th.
Photo courtesy of Joby Aviation, Inc.
The grant will enable an acceleration of early manufacturing to support Joby’s initial commercial operations, which are targeted for 2025, according to a press release from the Company. Specifically, the funds will assist in financing the expansion of Joby’s facilities in Marina, California — supporting higher manufacturing volumes and initial training for pilots and aircraft maintainers — and continued hiring at the Company’s other offices in San Carlos and Santa Cruz, California.
As part of the agreement with the state of California, Joby has committed to invest $41.3 million and create 690 additional full-time jobs in the state by 2027.
