April 22, 2024
A Strategic Revival of the Space Coast Economy

Photo: Space Coast Office of Tourism

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A Strategic Revival of the Space Coast Economy

Susan Shalhoub | 3/11/2020

Business, city and regional leaders worked — and continue to work — together to diversify the Space Coast economy after NASA ended the space shuttle program.

Diversifying the area’s base of aeronautics, aviation and manufacturing was part of the effort to revive the economy according to Brian Baluta, director of communications and partner relations at the Economic Development Commission of Florida’s Space Coast.

A county of progress

Great strides have been made in creating jobs and showcasing the Space Coast to companies that may be looking to relocate. Startups that build a foundation on which to grow and stay in Brevard can appreciate the county’s business-friendly attitude as well.

Brevard offers state and local business incentives, a stable tax structure and encourages innovation at every turn. Its four chambers of commerce represent a united front on issues such as affordable housing, the Indian River Lagoon restoration, transportation and tourism.

Strengthening protection of the natural environment, building on the positives of not only the area’s space legacy but also its gains in areas like health care, manufacturing, education and transportation infrastructure bolster Brevard for its future.

If the beaches, wildlife, quality schools and workforce efforts such as the EDC’s Certified Production Technician program don’t convince companies to move or stay here, the companies that call Brevard home may. Lockheed Martin, Boeing, Embraer, Northrop Grumman and Blue Origin are here, with new expansions and new startups regularly joining the fold.

With job creation supported by tax incentives and county opportunity zones, Brevard is ready for the rewards that smart growth, strategic planning and allied partners bring.

Space Coast: At a Glance

Unofficial exploration industry headquarters

10-year job growth exceeds the U.S. average

About a thrid of Florida aerospace employees

Year-to-year home sales are up over 19%

Tags: Space Coast, Brevard Community Portrait

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