Byline Bank has approved a $26.5 million construction loan for an industrial development project in Brevard County, Florida. The loan will fund the construction of a facility in the Cocoa area, a key hub for manufacturing and logistics on the Space Coast. The project is expected to create hundreds of jobs and boost local economic activity. The bank's decision highlights increasing interest in Brevard County's industrial sector, which has seen growth due to its proximity to major transportation routes and the Kennedy Space Center. The facility will be developed by a private company, though the name has not been disclosed. The loan is part of a broader trend of investment in the region's infrastructure, driven by demand from aerospace, defense, and technology industries. Local officials have praised the move, calling it a step toward expanding the county's economic base. The project is anticipated to break ground within the next six months, with completion expected by 2026. The loan comes as Brevard County continues to attract businesses seeking to capitalize on its strategic location and skilled workforce. Byline Bank's involvement underscores the financial sector's confidence in the area's long-term growth potential. The facility will include warehouse space, office areas, and production lines, catering to a range of industrial needs. The bank did not specify the terms of the loan beyond the construction funding. The development is expected to generate significant tax revenue for the county over the next decade.