Triumph Gulf Coast, Inc. is a nonprofit corporation organized to oversee the expenditure of 75 percent of all funds recovered by the Florida attorney general for economic damages to the state that resulted from the 2010 Deepwater Horizon oil spill. Triumph Gulf Coast, Inc. is required to administer the distribution of the funds to be used for the recovery, diversification,and enhancement of the eight Northwest Florida counties disproportionately affected by the oil spill. Those counties include Escambia, Santa Rosa, Okaloosa, Walton, Bay, Gulf, Franklin and Wakulla.
Triumph Gulf Coast, Inc. will award $1.5 billion to projects within the eight disproportionately affected counties over the next 15 years. The Escambia County Board of County Commissioners must approve county-sponsored projects before being submitted to the Triumph Gulf Coast Board. The Triumph Gulf Coast Board will have the final decision on which projects receive funding.