PANAMA CITY, Fla. - Many counties in the Panhandle are still feeling the economic impact of the 2010 Deep Water Horizon Oil Spill. Now the impact will soon be felt in their pockets thanks to the $300 million dollars given to eight counties in Northwest Florida last month. The initial $300 million will be joined by an additional $1.2 million in 2019.
Triumph Gulf Coast, the non-profit organization assigned to disperse the money met this morning to discuss the creation of the application process for projects that want to use money.
Applications must follow specific requirements. They must fall under the categories of economic recovery, diversification or enhancement amongst other requirements.
Triumph Gulf Coast chairman Allan Bense said the money could be dispersed by the end of the year if a fair process is created and approved by the board by then.
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