Pensacola has secured initial approval for a $76 million grant aimed at transforming the city’s port and creating up to 2,000 jobs in the process. The project would create 2,000 jobs, including 1,437 positions with an average annual salary of $68,000 and 563 positions averaging $112,000 annually. “This project will change the trajectory of our city for generations to come,” said Pensacola Mayor D.C. Reeves, who is in Washington this week meeting with federal agencies tied to the project funding. The next step toward approval is negotiating a term sheet outlining the grant’s components, followed by execution and final approval of the grant agreement. Triumph funding would be used exclusively for hard construction costs tied to the shipbuilding facilities at the port.