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American Magic has officially opened its $20.8 million headquarters at the Port of Pensacola, a 56,000-square-foot facility that will create 170 high-wage jobs. Funded by $16.4 million in state grants, the headquarters will enhance maritime innovation and foster partnerships with local educational institutions, particularly the University of West Florida's engineering program. The facility will support training, engineering, and manufacturing for both sailing and potential defense applications.