WHY
BREVARD
discover Florida’s Space Coast
- #2 FASTEST GROWING TECH SECTOR in the U.S., Bureau of Labor Statistics 2022
- #1: in Florida & #10 in the U.S. for MOST CONCENTRATED HIGH-TECH ECONOMY, Milken Institute, 2022
- Home of Patrick Space Force Base, Cape Canaveral Space Force Station, and Space Launch Delta 45.
- In TOP 25 COUNTIES FOR TALENT ATTRACTION, EMSI Burning Glass Labor Market Analytics
- #8: BEST WAGE GROWTH in the U.S., Milken Institute, 2022
- 10th Ranked High-Tech GDP in the U.S., Milken Institute, 2022
- 72 MILES OF BEACHES on the East Coast of Florida
GDP growth has been strong, averaging 4.9% per year, outpacing national growth substantially. Economic growth in export-oriented tradeable sectors generates job growth and investment.
Since 2018, regional job growth remains robust, with 11,481 jobs, or 48.7% of total net new jobs added, earning high incomes.
Since 2015
Since 2017
150% Above Average Wage
in Multi-Family Inventory
Mean Wage: $63,388.
Total GDP Growth in Brevard County: 2017-2022 (Adjusted to 2017 dollars)
Composition of Jobs by Wages in the MSA: Jobs Added Since 2018
Manufacturing, government and government enterprises, and professional, technical and scientific services orbit the robust aerospace manufacturing cluster. A growing array of manufacturing supports the aerospace industry, including key inputs to the manufacture and launch of spacecrafts. Engineering heavy roles generate effective demand for Real Estate, Health Care, Retail Trade and Construction.
GDP Growth by Top 8 Industrial Super-Sectors (2022)
MAJOR EMPLOYERS
- Birthplace of Space Exploration and Home to Commercial Space Enterprise Growth and Development
- Morgan Stanley’s Space Team Estimates that the roughly $350 billion space industry could surge to over $1 trillion by 2040.
- Home Of Space Launch Delta 45 and The 920th Rescue Wing At Patrick Space Force Base.
- Home Of NOTU, Naval Ordnance Test Unit, At Cape Canaveral Space Force Station.
- 72,000 U.S. Military Veterans make their home in Brevard County.
Dedicated to Sustainability & Economic Growth in Merritt Island
The mission of the Redevelopment Agency is to create and implement community-based redevelopment strategies that promote quality growth and economic development, preserving Merritt Island’s history, culture and natural environment, and improving the quality of life for residents, workers, and visitors. Project planning and execution is funded through various sources, including Tax Increment Financing (TIF), grants, and donations.
OUR PARTNERS
